All Forum Posts by: Ramin M.

Look who your audience is. Invest it in real estate.

@Ramin M. to @Andrew Freed's point Worcester is a great market to start your investing journey for all the reasons he mentioned. I know very little about RI real estate however I grew up in CT and we own about 450 units in MA and NH. We own 1 STR rental condo in CT near my family but the portfolio has intentionally steered clear of CT for a number of reasons.

One thing I would suggest would be look for a househack where you want to live first (none of those areas you mentioned are 30 mins of Boston) then once you get settled start looking at building your investment portfolio. With over $1M in cash my suggestion would be househack a 3-4 unit in a place with high appreciation. Then focus on buying 5+ unit properties in cashflowing areas so you get the best of both worlds that greater Boston has to offer. 

Once local I would strongly encourage you to attend meetups. We host 6 FREE meetups in MA and NH (Lowell, Waltham, Worcester, Portsmouth, Manchester, and Virtual) every month under the name Simplified REI and they're posted her on BP on the events tab. If you have trouble finding it and are interested please feel free to DM me. Whether it's our meetup, or any of the other great ones in the area, I suggest going out and meeting people investing in you target markets. By meeting people 1-2 years ahead of you you'll get answers to questions you haven't thought of yet which will save you a lot of heartache.

Welcome back to Boston and let us know if you have any questions or need any help.

best,

@Ramin M. Hi Ramin, welcome back home! I am having success further south (New Bedford, Fall River, Taunton, Brockton) The train is coming. Are you open to these areas?

@Ramin M.. i would be glad to help you find something in Worcester.  I also represent a dentist who has multiple locations and is looking for more dentists.  Please let me know if I can help.  Currently I have 5 off market 3 families, 3 off market 4 families and 2 off market 6 families that might interest you.

@Ramin M. 

My question would be how active vs how passive do you want your investment strategy? What are you end goals? Do you still want to continue your career as a dentist? I have a couple dentist friends with kids. And they want as passive as possible because family and career are more important at them at this. moment. So they went with a mixture of private money lending into my deals or fund, and turn-key properties with property management in place. 

@Ramin M. - I think you have the right idea of markets mentioning Providence, Worcester, Springfield, and New Haven.  I would also mention you are likely to get some good rent/value ratio in the I-95/495 spoke of southern ma in areas like Attleboro, Foxboro, Wrentham, Mansfield, Norton; its a great rental market and area that is experiencing a good deal of growth from a population and commercial standpoint.

Hi Ramin,

I can at least validate that Boston Proper is very expensive. Last year at this time I was looking around Malden and Revere for 2-3 unit MFs, and cash flow was non existent. These are likely strong appreciation markets long term, but I really wanted cash flow and appreciation. I'm from Central MA so I turned to Worcester, bought a turnkey triplex for 4.5% CoC with a path to 8-9% as an inherited tenant is well below market, and the area continues to develop.

If you want to househack and be 20-30 minutes from the city, maybe give Waltham a look. right on the pike and 95 with lots of multi families. I don't know it terribly well but I have driven through the main street and like all the restaurants and town center vibe there.