Flipper/Rehabber · Woburn, MA · Member since 2017 · 12 posts · 9 votes
Hello all. My name is Paul Baldasaro and I am from the Boston, MA area and also new to biggerpockets.com. My business partners and I are new to real estate investing and are hoping to connect to the right people and educate our selves to get started on the right foot. I am in the process of reinstating my real estate license that I let expire a few years ago. I mostly did rental units and the only experience I really have is the purchase of my own home. I look forward to connecting here and hope I can help and contribute as well.
This is a great community of people who reach out to help each other every day.
If you do decide to reactivate your real estate license, reach out - we're recruiting.
The Boston area is really wild right now. Southie, Eastie, Charlestown and of course, downtown Boston are all wildly overpriced. So are Cambridge and Somerville.
There are still good opportunities south of Boston - particularly Brockton, Taunton, Fall River and New Bedford. Some of the MFRs in these towns will approach the 1% rule - but not many.
You'll need to be prepared to act FAST and offer over asking price if the numbers work.
This is a great community of people who reach out to help each other every day.
If you do decide to reactivate your real estate license, reach out - we're recruiting.
The Boston area is really wild right now. Southie, Eastie, Charlestown and of course, downtown Boston are all wildly overpriced. So are Cambridge and Somerville.
There are still good opportunities south of Boston - particularly Brockton, Taunton, Fall River and New Bedford. Some of the MFRs in these towns will approach the 1% rule - but not many.
You'll need to be prepared to act FAST and offer over asking price if the numbers work.
Flipper/Rehabber · Woburn, MA · Member since 2017 · 12 posts · 9 votes
9y
Thanks for the reply and welcome @Charlie MacPherson. I have already submitted the paperwork for the reinstatement and completed the continuing education course. Now I am just waiting for final paperwork to submit payment for the state fee and be good to go.
Thanks for the advice. As I stated we are very new to this and really do not even know where to begin. We started with all the educational videos and webinars on here and I have just started listening to the podcasts. I really feel like I have found something great here with BP!
I will definitely be reaching out to connect. Thank you.
Investor · Georgetown, MA · Member since 2017 · 71 posts · 26 votes
9y
@Charlie MacPherson I was down in the Franlin area today and I was very surprised how different the market is there than it is here. I really just drove a few streets and talked to a few people, but houses are sitting a lot longer down there (for the ones I saw).
China, ME · Member since 2014 · 3k+ posts · 4k+ votes
9y
@Tyler Libby Very different market here - and each town has its own behavior.
In the northern part of the south shore, I just listed a SFR for another BP member. We had it under agreement in 1 day at over $49K above asking price (due to me cleverly engineering a bidding war).
Another SFR I just got under agreement in Plymouth took 76 days to the successful offer, which is just 4 days more than the average for all of Plymouth County - but in the butter zone of $300K -$400K, the days on market drops to 41.
In short, sky high rents are driving a lot of first-time buyers to look for SFRs, which they can buy for about what they already pay in rent.
Did you see the one on Wachusett St that hit the market yesterday? Looks like good fix & flip potential.