Specialist · Dallas, TX · Member since 2010 · 511 posts · 252 votes
7y
@Brian Ploszay, Yes... Texas is very business friendly state and now diversified with so many industries... even oil crash did not impact in last few years.
I am surprised to see Brooklyn and Boston in this list... People who invest in these area... please provide some insight... How numbers works in this area... must be flip deal... as buy and hold is very hard in those two area...
Rental Property Investor · Boston, MA · Member since 2012 · 36 posts · 23 votes
7y
@Shital Thakkar I specialize in the greater Boston market - specifically south Boston area. Like any area there are nuances and submarkets that are 'easier' to get into than other areas - lower cost inventory. There is opportunity in any market and just a matter of strategy. To be profitable and effective in the Boston market - its about knowing your entry point. In the Cambridge-Somerville area, triple deckers in need of repair easily go for multi-millions, you need a lot of capital upfront for downpayment and rehab costs and you are relying on appreciation to build equity - the flip and condo conversion is a popular option in these areas. I'm currently doing a condo conversion project in Medford for a quick return. Looking at areas a little farther out in the greater Boston area - like Dorchester, where triple decker multifams can be in the 500k-900k range, is where I focus my buy and hold strategy.
Lakewood, CA · Member since 2018 · 39 posts · 19 votes
7y
@Jr Trotta Dislcaimer: I am in no way affiliated with the following: Housingalerts.com (Ken Wade) has two videos of the top 50 markets on YouTube. They promote their software and the metrics that go along with it. I must say it's interesting.