Anyone else super frustrated with the MA MF housing market?
Mostly looking to vent and see if other people who are investing in the area are feeling the same sentiments. Been looking for a while now for a MF property to house hack my way in real estate, but homes are low in inventory, way overpriced (and over paid for), and generally poor quality. I get anxious being that person that never gets started, but I can definitely see how much of a mental exercise making your first deal is. Thanks for reading :) Any suggestions/tips/frustrations appreciated.
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I think a lot of people on the site that live in expensive areas think that prices are overpriced. But that is simply the market. 10 years from now, that extra 10, 15, 20k you have ti pay now will likely not be a significant amount. I just sold a multifamily in Chelsea, that some other BP members felt was over priced...but it met the 1% rule and like likely make the next owner a lot of money just like it did for me.
Time is the greatest ally of the real estate investor.
- Russell Brazil
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