Investing in MF in Boston, Ma

[Steve Vasconcelos]

I've been actively looking for a MF property in the Greater Boston Area/North Shore/South Shore for almost a year and half now, its a very competitive market as everyone knows. It seems like 90% of the MF deals out there are going for 20k-30k over asking price at which point the numbers dont add up for positive cash flow properties. Is anyone else running into this as well in this area? And if so any tips for competing or looking for properties where the numbers actually work? Also open to looking a little bit further outside the city if anyone knows of any towns in the area where numbers make sense.

Thanks!

-Steve

[Russell Brazil]

You wont like my tip,....but bid higher.  If you bid $20k higher a year and a half, you would have likely paid less then than you would today.