Is Massachusetts a good state to buy rentals?

[Devin Nellany]

Hello, I am currently serving in the united states marines and am trying to map out how exactly I am going to start investing my money into real estate whenever I am out. I am mainly looking to house hack in a triplex starting out using my VA loan and will be working in Mass while saving up to make a downpayment on a second rental property.

What I am wondering is after this first property is it wise to keep investing in massachusetts or should I try to invest in other states where the market is alot cheaper and may have alot better deals?Or is this too hard to manage?

Thank you.

[Daniel McDonald]

@Devin Nellany I have been house hacking the past 5 years in MA, in Beverly. Yes, it's expensive, yes, it's not a landlord friendly state, but yes, it's a great place to invest ESPECIALLY when it comes to house hacking. I'll say cash flow is hard here. I'm not going to be retiring any time soon with two duplexes. But I will say the appreciation is insane. And when you do the math, it's way more than I've ever heard of anyone cash flowing a month. I also manage 11 listings out of state with my PM company. It's hard. And I see how expensive it is from the owner's perspective. So I am still going to say if you're living here any way, why not take advantage of house hacking? I have yet to meet a seasoned investor in MASS who regrets it.