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Updated over 9 years ago on . Most recent reply

User Stats

37
Posts
4
Votes
Miguel M.
  • Rental Property Investor
  • Lynn, MA
4
Votes |
37
Posts

County dynamics for Multifam - What strategy to use and when?

Miguel M.
  • Rental Property Investor
  • Lynn, MA
Posted

I recently pulled median sale prices for multifamily properties in several counties in MA from MLSPin. The data is grouped by year and spans the last 10 years. Based on what I see, it seems Norfolk, Essex and Middlesex counties are experiencing the most growth while Bristol, Hampden and Franklin counties are basically still struggling to recover from the crash.   

Wholesalers - what's your experience working in the higher-growth counties vs the others? Are deals harder to come by? 

Buy & Hold investors - what strategies/reasons do you have that lead you to choose one county over the other? Particularly interested in folks investing in the lower-growth counties: What makes it so appealing? Any government/social-assistance programs beneficial to investors? 

Thanks in advance!  

Most Popular Reply

User Stats

187
Posts
67
Votes
Joshua Poitras
  • Real Estate Agent
  • Lowell, MA
67
Votes |
187
Posts
Joshua Poitras
  • Real Estate Agent
  • Lowell, MA
Replied
Originally posted by @Miguel M.:

I recently pulled median sale prices for multifamily properties in several counties in MA from MLSPin. The data is grouped by year and spans the last 10 years. Based on what I see, it seems Norfolk, Essex and Middlesex counties are experiencing the most growth while Bristol, Hampden and Franklin counties are basically still struggling to recover from the crash.   

Wholesalers - what's your experience working in the higher-growth counties vs the others? Are deals harder to come by? 

Buy & Hold investors - what strategies/reasons do you have that lead you to choose one county over the other? Particularly interested in folks investing in the lower-growth counties: What makes it so appealing? Any government/social-assistance programs beneficial to investors? 

 Just a matter of time until the investment money spills over into those other counties brother. Hopefully it does : )

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