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Updated about 7 years ago on . Most recent reply

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Brian Kosack
  • Milton, MA
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Where to buy??? IN MASSACHUSETTS

Brian Kosack
  • Milton, MA
Posted
So many things that clog my brain. Perhaps biggest is where to buy. Doing lots of research, currently live in milton area, moving to Southie in the fall. I am new to this and very excited. Obviously Milton, southie, Cambridge, etc. Are amazing to invest in but I can’t afford that. I have been looking at Attleboro/north, Mansfield, Stoughton, BRidgewater, Holbrook, Weymouth and places like that. After research not really interested in Brockton or Taunton. Prefer to stay within 30 miles but am I being too picky? Any other good areas that I should be looking? @stevebracero Thanks Brian

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Charlie MacPherson
  • China, ME
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Charlie MacPherson
  • China, ME
Replied

@Brian Kosack Pretty much anything inside RT 128 is out of sight.  

I would not write off the west side of Brockton, loosely defined as zip code 02301.  If you were blindfolded and dropped somewhere in the west side, you would think you were in Braintree.

Other places that are more affordable than the "close to Boston" market are Plymouth, Pembroke, Kingston, Middleboro and for a more rural feel, Carver, Plympton and Lakeville, just to name a few.

The bottom line is that the closer you get to Boston, the higher the prices go.  In fact, I saw a duplex hit the Brighton market yesterday at $1,395M.  

Using the 1% rule, you would have to collect $6,975 per month in rent for each unit - or $13,950 per unit with the 2% rule.  

Look south my friend.  


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