Rental Property Investor · Boston, MA · Member since 2018 · 16 posts · 2 votes
Hi,
I am looking to connect with people who may be using the BRRRR strategy in Mass. I'm looking into using the strategy to start building my portfolio. I am currently just looking to find properties in distress and wanting to know ways people may be going about looking for distressed properties? I am located in the south shore area currently and hoping to locate something within a 2 hour radius. I'm also open to searching out of state.
@Jacob Page I think the best thing for me to suggest here is to connect with some Facebook pages for this. Try "Boston Real Estate Investors" or some combination of that and you should get several page suggestions. Bigger Pockets is good for the "how to" stuff but the Facebook is still the best with just connecting with local people if you are far away. If you lived in the area I would say to go and visit these groups that meet in person but Facebook is a good 2nd option when that's not possible. Thanks!
Hey Jacob, welcome to the community! I think you'll find everyone here is pretty welcoming, both in the forums and when interacting 1:1. Regarding your search you are in a position many envy: you have a huge search radius!
If you dig through the forums you'll see some good discussion on the regional rail extensions to New Bedford and Fall River, which could be good options. You also could look at Providence, where an opportunity for cash flow still exists even as rates rise. There also is still some opportunity in Greater Boston, though it is definitely tougher now than it was a year ago.
That said, it is really important to have deep, boots-on-the-ground knowledge, so if you are going to invest in a community which you aren't familiar I would make sure to spend a lot of time in that area.