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Updated over 3 years ago on . Most recent reply

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25
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Peter Carboni
  • Nashville
13
Votes |
25
Posts

Best cities for a first-time multifamily house hack? (Newbie)

Peter Carboni
  • Nashville
Posted

Hey all! My name is Peter and I'm a newbie from Cape Cod.

I'm getting ready to take the plunge. Specifically, I'm looking to house hack with a multifamily. Don't know much about the North Shore, so I'm looking south and west. 

Places I'm looking: 

- New Bedford (they're building a commuter rail)

- Fall River (Amazon built a facility)

- Greenfield (Cool spot and decent location)

- Worcester (Great triple-deckers)

- Springfield 

Things I do know: 

- Good deals are hard to find right now, but not impossible 

- MA laws are tricky and tenant-focused, but with scrupulous tenant screening, I will be fine.

- Multifamilies are hard to come by in Plymouth, Middleboro, etc


Honestly, any advice would be so greatly appreciated! I don't know what I don't know.

If anyone knows anything about these markets in 2022 or knows about any meetups/local REI groups I'm all ears.

Chatting with a mortgage lender tomorrow. So ready to make this thing happen! 

Most Popular Reply

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1,276
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1,407
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Andrew Freed
  • Investor
  • Worcester, MA
1,407
Votes |
1,276
Posts
Andrew Freed
  • Investor
  • Worcester, MA
Replied

@Peter Carboni - That’s great, real estate is a blast. You’ll enjoy the journey.

I personally invest and house hack in the Worcester market. I think the Worcester market has a lot going for it and it also has a huge stock of multis so finding a deal can be easier than other places.

In addition, @Sabrina Sanchez and I host a local meetup in Worcester once a month, Pints and Properties Worcester. Feel free to DM me and I’ll be happy to answer any questions you have about house hacking and the meetup. Best of luck!

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