Springfield MA multi-family investors ?

Question

Hello BP family,

i am planning to invest in the Springfield Ma area. Primarily in the multi-family space 3-4 units and holding them as long term rentals. Our there any residential investors that are investing in Springfield ???

Ricardo A Perez · Answer

@Filipe Pereira first thank you for commenting on the post, well there are a couple of reasons we choose Springfield my wife grew up there and we have a strong support system from her large family there i have visited a couple of times and was there in January and can see opportunity there and see the city is trying to turn things in a better direction example the new casino. i also noticed that rents are on the rise and cost are still reasonable to purchase and find property's were i can add value to. i also am open to invest in the surrounding area's willing to drive 7 to 8 from Springfield but i want to bring good housing to the city. i visited a meet up group while i was there and felt a sense of community but i haven't meet someone who is currently doing business there. if i can get in contact with like minded investor there it would be great. you mentioned you manage some property's there what is experience dealing with tenants there ? and how do you handle the not so friendly landlord laws in Mass ?

Anthony Dadlani · Answer

@Ricardo A Perez

I think this a great area. Casinos always employ many people.

Best of luck in all your endeavors.

Filipe Pereira · Answer

Hi Javon, I like Enfield, Windsor Locks, Windsor, Suffield, Granby, Agawam, Longmeadow and East Longmeadow for starters. Springfield is a bit of it's own beast. Of course in some towns there are some areas that are a bit (or a lot) worse than others. Most of these towns are not heavy MFR markets, but when you do find one you can basically guarantee yourself that you stay rented. I'm also a fan of Westfield, especially by the university.

Ricardo A Perez · Answer

@Filipe Pereira yes, i really put alot of thought in to this move. i have tried to research the area the best i can and would love to build sold relationships in the area. I most definitely will look in to east long meadow when i was there in January i was at a meet up group there and heard good things of that city. i will also look into Enfield.

Pablo Ottenwalder Jr. · Answer

@Ricardo A Perez

Hey I’m a local investor and agent I also have a couple for sale are you looking to do the brrrr method or are you looking for something more turn key?

Ricardo A Perez · Answer

@ Javon Williams we should connect when i move up there. i was listening to the ABC's of real estate investing by Ken McElroy and got some good insight. i found a neighborhood in the city of Chicoppee. Its called "Fairview" its located next to the military base and per neigborhoodscout is a good market. i am in the beginning phases of investing i have connected with a realtor/ investor named Christopher Martin i can connect you if you would like ?

Javon Williams · Answer

As of now, I invest in Boston. I am currently looking for reliable towns in western MA to grow my portfolio. If you know of someone local in the area, let me know and I'll reach out. I'm currently in the research phases and would like to connect with the local investors that have a good understanding of the area.

Ricardo A Perez · Answer

Hey, @Javon Williams Thanks for joining the conversation i currently live in South Florida but, yes East Longmeadow is a township just out of Springfield i believe there are more single family's in that area so if multifamily is desirable not sure if the area you might want to look at @ Filipe Pereira  mentioned Enfield i need to look into the area. so i see your in the Boston Area do you primarily invest in Boston ? i am looking to connect with like minded individuals and learn and be an asset were i can.

Javon Williams · Answer

@Filipe Pereira,

You seem to have a great understanding of the area. I travel back and forth from Springfield to visit family my girlfriend's family and have often thought about investing in the surrounding area. What towns would you say are the most desirable by the people of western mass and upper CT?I noticed you mentioned Enfield and East Longmeadow.

Ricardo A Perez · Answer

@Pablo Ottenwalder Jr. so if i can get some leads up there i will contact you.

Springfield MA multi-family investors ?

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