Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

25
Posts
8
Votes
Michael Morton
  • Harvard, MA
8
Votes |
25
Posts

Rental with a Pond and a Dam in MA

Michael Morton
  • Harvard, MA
Posted

I'm just starting out and am analyzing a property that is a 2 unit place in Harvard, Massachusetts.  I'd be looking to buy+hold, update and rent out both units.  My question is would you go anywhere near this place given that:

1) There's a pond on the property (really gorgeous, but do you want to rent with that "problem")?

2) There's a registered dam (and MA inspects them and can demand upkeep done by the owner)?

3) there's bound to be lead paint in the property

I'm thinking as an early investor I should just steer clear of these problems - but I'm interested in any perspectives.

Thanks!

Morton++

Most Popular Reply

User Stats

25
Posts
8
Votes
Michael Morton
  • Harvard, MA
8
Votes |
25
Posts
Michael Morton
  • Harvard, MA
Replied

Thanks for the tips @Russell Brazil and @Derreck Wells  Yeah - I realize now that of course lead paint is going to be an "issue" for every house up here.  Duh.  

Good point about resale value.  

Thanks for the positive responses.

Loading replies...