Updated about 7 years ago on . Most recent reply
Boston, MA New Member
Hey everyone, I'm Patrick Newell, a 26 year old that lives close to Boston, MA and is new to Bigger Pockets. I do construction management for a large multifamily builder/developer and want to start getting into purchasing my first investment property. What are some recommendations for first purchase or for the Massachusetts market in general. I look forward to your responses and connections!
Thank you!
Most Popular Reply
I will be selling a legal 3 unit property in Springfield, Vt shortly. It was just converted into a legal 3 unit to code with permits. Gross income will be about $46k per year. Still gathering expenses so I don't have a NOI for it yet. I'm probably thinking it should sell around $275k which is 6 times gross income. 25 minutes to Okemo. It is a historical house built in 1860 by one of the most important people from the town. David M. Smith, inventor of the ubiquitous wooden spring clothespin.
Exterior has been repainted almost finished painting.