All Forum Posts by: Brian J Allen

I work exclusively in worcester and the surrounding towns in Multis.  typically as others have suggested the 3s and 4s do better for investments, but the 2s tend to be in better locations and command much higher rents per floor, they also get you much better tenants as it is easier to divide up parking and yards etc by 2 then by 3 or 4, also repairs, especially electrical are easier on a 2 as you can get to everything from the attic or basement.  to make money on the 2s you can expand the 2nd unit into the attic and get more rent and sometimes rent like a 3,  there were at least 4 in particular i saw this year in worcester that were better investments then the typical 2 families.  it is definitely worth keeping them in your search.  if you want to see worcester let me know. have been  in 390 multis in 2018 

Eric,

would love to help.  not only do you need to know about the streets, you need to know what is planned for the surrounding areas.  let me know if you would like a worcester tour.  

Nick,

i am an agent, live in Sutton and work in Worcester, mostly Multis and flips.  would love to meet up, keeps my mind creative.  there are a lot of options out there in Worcester

i would be glad to help.  I have seen virtually everything that has been for sale in worcester in 2018.  there are some small properties that don't need major work which are easier to deal with.  eg. 4 First St in Sutton.  it is a homepath property for $154,900 so if you are a first time homeowner you can get it ahead of the flippers.  there are plenty of tenants out there who will live at a discount as you improve the property around them.  i will be out previewing properties again today for buyers like yourself

i look at all multi's in worcester, and anything that appears to be bank owned or undervalued that shows on the MLS. often investors want to do the flips but not the leg work, typically if i lead them to a property they will have me work as the buyers agent, and hopefully the listing agent after the flip. but currently anything that is move in ready sells right away so there are lots of buyers who will go by and see the work being done and make an offer

The Cannabis Control Commission is looking at Union Station in Worcester for their headquarters, this should legitimize things even more.  Worcester is pushing hard for this

Worcester is a Small town.  I would go out of my way to chat with folks at city hall as to what they think.  just because it is allowed, does not mean that you wont get bad press and dragged into things you don't want to be part of

i saw 2 good ones on monday and both are gone

you will find that worcester is a solid active market.  i view potential flips on a regular basis for people.  saw one on sunday in Holden, MA 

sometimes you can even have a buyer before you start the work!

i was just out with another agent who specializes in multis and 3 sets of buyers today for a tour of worcester.  That is fun as well!  just put up a bunch of video on FB