Rhode Island Appreciation Rates

[Brandon Durant]

Hello everyone,

Wanted to hear some quick insight from experienced RI investors... what areas / cities seem to be appreciating well or have growth in their futures?

It has been difficult duplexes that cash flow at all within 20 minutes of Providence, seems to be more of appreciation game or BRRR

Thoughts?

[Anthony Thompson]

@Brandon Durant Pawtucket and good areas of Providence are doing well, as they did in the last cycle too. Folks from Boston come down and can’t believe how “cheap” properties are, though they often don’t realize that’s also because rents are lower too. They’re just happy to be able to buy something.

If the numbers make more sense in a different part of the country and you’re comfortable buying there (e.g., have family or a team on the ground), you should absolutely go where the 💰 is. I have several friends in RI who decided to invest in different parts of the country than the northeast for municipal tax and legal (tenant friendly laws) reasons.