I have been looking at a lot of single family homes and Multi-families and I can't get over the prices in New Bedford. Now I know, New Bedford is the armpit of Mass but I also know that you can get burned by poor tenants anywhere.
Does anyone invest in New Bedford?
Success stories? Nightmares?
What is the future of this city? Is it an up and comer or heading for even harder times?
Are they're desirable areas and areas to steer clear of?
Basically just reaching out to anyone that has invested here, researched the area, lived there in the past or currently to get they're 2 cents. Thanks
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Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.
Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook
To find out about different areas go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why. Ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.
Originally posted by Account Closed:
To find out about different areas go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why.
The only problem with this is a licensee can run into trouble telling you what areas they like and dislike as they can run into issues with the law in regards to "steering".
@Duncan Banks having looked at a lot of Singles and Multis yourself, what do you think?
Plymouth to New Bedford isn't far, you should do alright!
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