Anyone know Providence?
I'm from the Southcoast area in Massachusetts. My market is mainly New Bedford since that's where I'm most familiar. I've started taking a peek at multis in Providence, RI. Some of these properties are in great shape and right near colleges. They're cheaper than similar properties in New Bedford by about 30-40K and seem much nicer. Rents are also much higher in Providence. It's a 15 minute drive for me, but what am I missing? Do they have extraordinarily high taxes or insurance? I can't imagine crime is any worse than New Bedford. I'm just not familiar with Providence, and I just have to be missing something here....