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All Forum Posts by: Michael H.

Michael H. has started 5 posts and replied 43 times.

Post: What is minimum for good cap rate on a rental property?

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Hi Reggie, happy to connect if you'd like to discuss investment opportunities in Worcester! I specialize in multifamily here and am happy to share my thoughts on the city and keep you in mind for deals that fit your investment criteria. 

Post: Investing in Worcester MA

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Hi Sara, happy to connect with you and discuss the different areas of Worcester. I am investing in the Green Hill neighborhood and have a good sense for the rest of the city. Feel free to send a message if you'd like to talk. Good luck! Worcester is a great city to invest in. 

Post: New Member Introduction

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Welcome to bigger pockets! Also in the Worcester area, things are hot here!

Post: First Investment Property-203k Loans

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Hey Joseph,

One of the agents is completing a 203K renovation right now in Worcester. I can connect you two if you would like. I am exploring the program for my own project as well, but haven't started the process yet. 

Post: House Hack in Worcester MA

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Sure, let's connect! My brother and I are in the Green Hill Park neighborhood. Love this little pocket of the city. 

Post: House Hack in Worcester MA

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Happy to help as well. I work with Ian and Todd at Candor. 24 y/o with a commercial real estate background, house hacking a 3 family in Worcester and just helped my brother close on a three family next door. Worcesters a great market, I'm happy to share my experience in it. 

Post: New Member From Boston, MA

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Good stuff. I work with Jon who commented above in the Worcester market. In my opinion, it's the best combination of appreciation and cash flow given the strong rental growth and still reasonable price point compared to the inner 495 markets. Happy to discuss if you shoot me a pm!

Post: Best Direction for Beginner House Hacking (Boston 25yr old)

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Thanks for posting and sharing your story! Congrats on being in your current position. I'm 24, house hacking in Worcester and working on other deals. Very familiar with the Lowell and Worcester markets. For you, working in Cambridge, Lowell works well as a trafficked but straight drive down Route 3 to get to work. At $500K, you can easily find a 3 or 4 family in Worcester, or a duplex, maybe a three family in Lowell. 

Let me know if you would like to connect! Happy to share my experience in both markets. 

Post: Closed on first of many properties today!

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41

Congrats! Nice work Jon and Sabrina!

Post: Mailers and off market marketing for a first househack?

Michael H.Posted
  • Rental Property Investor
  • Worcester, MA
  • Posts 47
  • Votes 41
Originally posted by @Kyle Curtin:

@Michael H.

Thank you so much Michael! That is a really good point, I like that number much more in this market. I will definitely let you know as I experiment with more marketing to motivated sellers. Do you have any price range or area?

Absolutely, it's an achievable number with an aggressive saving strategy for young guys like ourselves. For areas, in Worcester, I'm very interested in the Green Hill Neighborhood, Bell Hill, Britain Square. Studying up on Highlands St. around WPI, Crown Hill, and the neighborhood just north of Shrewsbury St.. For Lowell, I like South Lowell, the upper and lower Highlands, and around UML South and North campuses. I'll look at any two's or threes for myself or for clients, especially if they are under market ($100PSF or under ~120K/unit in Worcester, $130PSF or under $150K/unit in Lowell . Some value add doesn't scare me if the numbers work.