There has been a ton of development and renovation to the town of Abington, MA. I heard there is land being bought out for new development and such. I was wondering if investing in Abington be worth now and/or in the future....thoughts?
@Thomas Phu I've done business in Abington, and it's a good town.
Home prices there are moderate, with the cost for an 3/2 SFR ranging from $251K (REO needing rehab) to $489K.
It's close enough to Boston for commuters to drive, plus there's MBTA Commuter Rail access. Lots of nearby shopping, dining, etc. According to www.ADT.com/crime, the crime rates there are well below average.
I'd avoid the areas that border Brockton though. I sold my Pastor's home there a few years ago - about a thousand feet from the Brockton line. He took a price hit of about $30K as a result of that location. I'd recommend that you stay 1/2 mile or so to the east.
Hey Charlie thanks for the input and tips on what locations to look out for! I trying looking for for comps in the area and saw that it’s not worth trying to flip houses there. I feel like the profit margins are too low.
@Thomas Phu I don't think that's a universal truth. There are deals on the South Shore, but it takes two things to find them:
1. Persistence. You have to keep at it. We're still in an ultra-strong seller's market.
2. Readiness. Have your financing completely buttoned up and ready to go at a moment's notice.
Do those two things and you'll vastly improve your chances of finding a deal with sufficient meat on the bone.