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Updated over 3 years ago on . Most recent reply

Matt Damon's profile image
Matt Damon's profile image
Matt Damon
  • Rental Property Investor
  • from Boston, MA
  • Member since Nov 25, 2019
  • Posts 17
  • Votes 13
  • Experience 7 Yrs
  • Investments 5
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User Stats

17
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13
Votes
Matt Damon's profile image
Matt Damon's profile image
Matt Damon
  • Rental Property Investor
  • from Boston, MA
  • Member since Nov 25, 2019
  • Posts 17
  • Votes 13
  • Experience 7 Yrs
  • Investments 5
Connect
Matt Damon
  • Rental Property Investor
  • Boston, MA
13
Votes |
17
Posts
Real Estate Deal Analysis & Advice

Buy-and-Hold - Fitchburg, MA

Matt Damon
  • Rental Property Investor
  • Boston, MA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $145,000
Cash invested: $75,000

70-72 Snow St, Fitchburg is a six-bedroom duplex rental property that underwent a significant renovation in 2020. It is conveniently located next to a state university and the train to Boston is in walking distance.​

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Erick Sembrano's profile image
Erick Sembrano's profile image
Erick Sembrano
  • Rental Property Investor
  • from Wakefield, MA
  • Member since Sep 25, 2018
  • Posts 65
  • Votes 108
  • Experience 6 Yrs
  • Investments 3
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User Stats

65
Posts
108
Votes
Erick Sembrano's profile image
Erick Sembrano's profile image
Erick Sembrano
  • Rental Property Investor
  • from Wakefield, MA
  • Member since Sep 25, 2018
  • Posts 65
  • Votes 108
  • Experience 6 Yrs
  • Investments 3
Connect
Erick Sembrano
  • Rental Property Investor
  • Wakefield, MA
108
Votes |
65
Posts
Erick Sembrano
  • Rental Property Investor
  • Wakefield, MA
Replied

@Matt Damon This is a really nice property and looks like you did great on the remodel! Even better that you were able to increase the rent recently to increase your monty cashflow. Were you able to refinance it after the renovation?

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