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Updated about 4 hours ago on . Most recent reply

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Yay or nay Boston Edison, Dexter Lynwood & Russell Woods?

Zachary Hudelson
Posted

Hi 

I'm an out of state investor looking into B&C class multi family duplexes in these areas with sound cash flow and building a portfolio for long term ownership goals. I have multiple leads on turnkey spots, with most major renovations complete (roofing flooring, windows kitchen/baths & electrical and plumbing systems etc) that bring roughly 18-25% annual return, some w tenants in place. I've also found some section 8 deals and a few vacant places that would meet said criteria. Yes I'm familiar with section 8 housing pros and cons as I own 2 in Rochester NY.

While I've spent some time in the area prospecting & meeting a few realtors, I don't necessarily have teams in place or boots on the ground aside from my lender who has brokered deals there since the 1990s. I'd like some better insight on where to and where not to consider. I'm aware that certain pockets are work in progress/ mixed bag with other streets are current or former "war zones"- I'd greatly appreciate any tips on what specific blocks to stay away from.

As a former contractor I'm also open to BRRR opportunities that I can sub out most of the work besides demo and painting to get rent ready, but have no contacts in the area with the exception of a few friends that aren't in Real Estate. If anyone has trusted GCs and property managers they love I'd like to get some referrals as well.

Also if you could talk me into or out of specific other areas in  that are more appealing or flat out bad investments .. I currently co own a duplex in Bagley w my cousin who's in laws are one of our tennants there and understand it's a completely different market for rental desirability. 

If this post is miscatagorized and belong under out of state investing my apologies.

Thanks in advance for all your help!

Zac

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