Hey All,

I hope everyone is doing well. I'm a 21 year new investor and I'm looking to start of with multi family properties for cashflow. I currently live in Newton, MA and the prices around here are crazy for multi family homes. Some starting from $800,000 just for a 2 family! Currently my credit score is 750+ and I have around 10,000k I've saved so far for R.E. investing. With that being said I've been looking at areas in western mass like Holyoke & Springfield where multifamily prices are more affordable for me to start small. If possible I'd like to hear about investors experience about investing in these two areas. It would mean a lot to me!

Best,

Mike 

Micahel (or is it Michael)?,

Kudos for beginning your path to real estate investing. What are your goals though? And have you been to/driven around/talked to the locals in Holyoke/Springfield yet? If not, that would be a good first step

Micahel Evans I recently picked up a 2 Family in Springfield. I live in Boston area, but had taken a number of trips through Springfield and felt comfortable investing there. Cash flow is great in the area. I'm definitely not counting on appreciation. A lot of properties are deleaded which is huge. Many section 8 tenants (one of my tenants is section 8, great tenant). A lot of 10+ cap rate properties on the MLS. Not familiar with all neighborhoods in Springfield, but you'll definitely want to drive around, check crime maps, etc...

I'm still looking for a good agent that I trust to begin making offers on a few more out there.

Let me know how you progress. If you ever want to meet up out there in Springfield when I'm there, I'd be more than happy to do so.

@Andrew Laing

That is great most multi's are de leaded in Springfield! Congrats on picking up a 2 fam- 

Awesome saving up money. I've been looking around Springfield and Agawam. Pm me sometime to discuss what are your priorities in investing.
Currently looking for 10 plus units

Originally posted by @Andrew Laing :

Micahel Evans I recently picked up a 2 Family in Springfield. I live in Boston area, but had taken a number of trips through Springfield and felt comfortable investing there. Cash flow is great in the area. I'm definitely not counting on appreciation. A lot of properties are deleaded which is huge. Many section 8 tenants (one of my tenants is section 8, great tenant). A lot of 10+ cap rate properties on the MLS. Not familiar with all neighborhoods in Springfield, but you'll definitely want to drive around, check crime maps, etc...

I'm still looking for a good agent that I trust to begin making offers on a few more out there.

Let me know how you progress. If you ever want to meet up out there in Springfield when I'm there, I'd be more than happy to do so.

I really appreciate you telling me about your experience investing in Springfield. I will definetly keep you touch when I head out there to look at some properties. Is there also an investment meet up group in the city there?

Originally posted by @Angel Dejesus :

Awesome saving up money. I've been looking around Springfield and Agawam. Pm me sometime to discuss what are your priorities in investing.
Currently looking for 10 plus units

 Thanks Angel. I'd love to talk more, I'll PM you

Originally posted by @Joe Schmoe :

Micahel (or is it Michael)?,

Kudos for beginning your path to real estate investing. What are your goals though? And have you been to/driven around/talked to the locals in Holyoke/Springfield yet? If not, that would be a good first step

 Thanks Joe. I haven't been there yet, but plan to head out there soon to check out some neighborhoods. 

Good luck and keep us updated!!!

@Andrew Laing , thanks for sharing your insight on Springfield. How's your experience been thus far? I'm looking for multis (8+ units) in Holyoke and Springfield....