All Forum Posts by: Brian J Allen

Central MA, Specifically Worcester has not been an appreciation market for multi families.  Most of that is because of the "deferred maintenance" issues.  These houses are really old, and if you don't "go to the studs" you will always need improvements.  Remember it is Street by street in Worcester, and neighborhood by neighborhood.  There are neighborhoods and towns that appreciate, and others where prices are determined by cash flow.  Make sure you know where you are buying, not just what you are buying  LOCATION X3

Looks to be in interesting year in Worcester.  Remember that Worcester is just a big small town so you need to reach out and let people know you are looking to buy.  most of the good stuff never hits the mls.

I sell worcester so i like Worcester.  The key is to buy as is, CASH.  But you will have to have good management in place as the best cash flow properties are difficult to manage.

Ryan,

I work with investors in Worcester and typically go out on Saturdays to view properties.  Let me know via DM if you would like to join.  You can see multiple properties and check out a tour of Worcester while you are at it.

the good properties dont last more than a week. the lesser properties, or sellers with unrealistic expectations will last forever. but if you have a good FHA ready multi family in Worcester priced appropriately it will be gone as soon as you can see it

As a real estate agent who actively works multis in Worcester i feel that the Agent comes first.  Depending on the type of property and type of tenants that the property typically sees, i would recommend different property managers.  As mentioned above you cannot manage something you don't own.  Also it is important to know the neighborhoods and what you are looking for.  If you want cash flow some neighborhoods are better.  If you want low turnover tenants, others are better.  Those are all things i deal with on a daily basis.  It is important for you to be comfortable with the asset you are purchasing, then have your PM manage and grow that for you.  Most PMs are eager to talk to you if they have been recommended by a Realtor

yes, Reach out via PM and we can discuss what you are looking for in terms of vendors.  Most people are very busy, so the guy you call depends on the project you are looking to do.

I can help in Worcester, but i do not cover Fall River.  it is a different market

it is hard to do the college market since there are a lot of local, invested professional landlords who do that market.  They get deals for cash and do great rehabs and get the best student rentals.  if someone dies, they are there with a bag of cash to buy from the kids.  there are other markets in worcester but you need to know each particular neighborhood and see if that is a match for your investment goals

PM me and we will get you out here!  Thanks Ernest!