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Updated over 7 years ago on . Most recent reply

User Stats

56
Posts
24
Votes
Thomas Gagnon
  • Investor
  • Beverly, MA
24
Votes |
56
Posts

Real estate advice needed in Holyoke MA

Thomas Gagnon
  • Investor
  • Beverly, MA
Posted
Looking for any investors out there with property in the Holyoke Ma area. I have been analyzing the returns in that area and see them as quite high relative to properties we have in the Worcester and southern nh areas. Anyone with success or horror stories in the area would be very helpful. Areas to avoid etc. Thanks everyone!!

Most Popular Reply

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3,269
Posts
2,368
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
2,368
Votes |
3,269
Posts
Ann Bellamy
  • Lender
  • Tyngsboro, MA
Replied

Anecdotally, the area to avoid is Holyoke.  I have no hard facts, just that the tenant base is very tough, and that long term holds can drain your soul and wallet.  Not to mention the 2 hour drive from Beverly when there is no traffic, 3+ during traffic. 

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