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Updated 12 days ago on .

User Stats

11
Posts
3
Votes
Ethan Piani-Hohmann
  • Realtor
  • Watertown, MA
3
Votes |
11
Posts

What’s Your Play in Greater Boston’s Market?

Ethan Piani-Hohmann
  • Realtor
  • Watertown, MA
Posted

I'm a Boston-based realtor who's watched house hackers turn Greater Boston's high-priced market into a wealth-building machine, but let's be real—this area's cash flow can be tough to crack. I'm dying to hear how you're making it work! For those eyeing your first or next investment, house hacking a 2–4 family (live in one unit, rent the rest) is a solid move to cut living costs and build equity. But with prices steep, I want to know: what's your strategy in this market where cash flow's tight but appreciation and a decent cash flow mix make it tempting? Take spots like Salem, Woburn, or Everett—3–4 families run $500–900k, with rents at $2,000–2,800/unit. You might clear $800–1,500/month after expenses, plus 5–7% yearly appreciation. Lowell's another example, with cheaper multis ($500–700k) and similar rents. My clients have house hacked Woburn 4-families, living rent-free and pocketing $1,000/month, or gone BRRR on fixer-uppers to pull cash out. But what's your approach? Are you chasing off-market deals in Salem for better numbers? Banking on Everett's growth? Or maybe tweaking rehabs to boost rents in Woburn? How are you balancing the slim cash flow with appreciation? Are you cool with breaking even upfront for long-term gains, or do you have tricks to squeeze out more monthly profit? And what markets are you digging into—any hidden gems in Greater Boston? For first-timers, are you stressing about down payments or tenant issues, and how're you tackling those? Seasoned folks, what's your next house hack look like? Spill your game plan—what's working, what's not, and where are you hunting for deals? Let's swap ideas and figure out how to crush it in this crazy market!

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Ethan PH Realty - Shilalis Real Estate
5.0 stars
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