Milton, MA · Member since 2018 · 14 posts · 2 votes
So many things that clog my brain. Perhaps biggest is where to buy. Doing lots of research, currently live in milton area, moving to Southie in the fall. I am new to this and very excited. Obviously Milton, southie, Cambridge, etc. Are amazing to invest in but I can’t afford that. I have been looking at Attleboro/north, Mansfield, Stoughton, BRidgewater, Holbrook, Weymouth and places like that. After research not really interested in Brockton or Taunton. Prefer to stay within 30 miles but am I being too picky? Any other good areas that I should be looking?
@stevebracero
Thanks
Brian.
If you're interested in the north shore, Salem is pretty hot right now. You'll always have renters in Salem too because of the college. A ton of development and renovations happening in the area and you still have the commuter rail which is making it an ideal place for young buyers. You can still find a 2 family and SF under $400k. Tons of condos too. You can try parts of Revere and Lynn too. Those areas are all up and coming because of the cost of living closer to the city pushing everyone out. Chelsea and Everett have already hit so good luck finding something there (scoop something up immediately if you can find something for that price!!). With the new Suffolk Downs project coming and the new developments in Revere Beach, that area is already starting to become a hot bed for investors. I'm happy to answer any questions if you have any!
thanks @stevebracero, definitely thinking about tenants which is why I eliminated brockton and taunton. do some or all of the above places i mention give cause for concern? I am trying to find a multi-family for about $400k. i have analyzed deals using the calculators, can find good deals when changing the numbers of course. would need significant discounts in many cases.
If you're interested in the north shore, Salem is pretty hot right now. You'll always have renters in Salem too because of the college. A ton of development and renovations happening in the area and you still have the commuter rail which is making it an ideal place for young buyers. You can still find a 2 family and SF under $400k. Tons of condos too. You can try parts of Revere and Lynn too. Those areas are all up and coming because of the cost of living closer to the city pushing everyone out. Chelsea and Everett have already hit so good luck finding something there (scoop something up immediately if you can find something for that price!!). With the new Suffolk Downs project coming and the new developments in Revere Beach, that area is already starting to become a hot bed for investors. I'm happy to answer any questions if you have any!
@matttatkow Actually, I just saw one this week with my buyer at 18 Butler St. We put in an offer but lost out to a cash buyer. There are currently 6 under agreement in Salem under $400k..they go quick so you've got to act fast.