Has anyone had any success purchasing investment properties in New England and if so, where? I’m thinking about selling stock and purchasing a 2-3 unit building in Providence or Portland.

like
Posting as :
works at
You are currently posting as works at

I assume you're talking about residential, not commercial. If so, run the numbers carefully. With mortgage rates and real estate prices being what they are, you'll see a negative cash flow for just about anything north of New Jersey. You're really betting on equity value - which feels unsustainable right now.

But, if forced, I'd pick Portland over Providence, and try to target something closer to Old Port - there's enough development there to attract decent tenants or potentially long term corp rentals.

like

Honestly, my friends that are into it are all buying in the Midwest and doing the distance landlord thing.

The numbers are NOT good out this way, it's not so easy to find a cash flowing property if you're financing on a traditional 30 year term. Beyond that, somewhere like Ohio or Indiana is going to have more landlord friendly housing law.

Would recommend investigating Akron and Indianapolis.

like

Yes Cape Cod for short term rentals but purchased pre covid and during covid.

like

Think you can get more then equity market average returns in this real estate market?

like

I’ve always thought this too

Key is to do research into what your recurring available tenant base will be. That’s often hyper local and the key to success. Bad high maintenance or entitled tenants can break all those financial models quickly.

Also factor in your asset gains separate from cash flows. Ultimately those asset gains are very tied up for the duration.

My two family has been a terrific investment but it’s a long game for me.

Bought a 1br in Boston, downtown adjacent for 322k

In 1995?

Related Posts

For those who joined in December month, did you guys attend the new hire orientation meeting from the office or virtually ?.

like
like

Hello,

Can ex-TCSer join back TCS??

like

Hey all, this could be excessive but I actually find the fitness side of things pretty easy, whereas the nutrition side is much more difficult to maintain long term. How would you all feel about nutrition check ins tracked with something like myfitnesspal? I generally tracks cals and protein, but find that if I stick to these I get absolutely ripped

like

What are some of your must pack travel items? I'm traveling out of the country in October.

like

Are my admissions chances at Ross hurt if I can’t attend the team exercise on campus?

A couple of ppl in my previous agency, saw a competitor acct try a very interesting idea that we thought was cool — but their execution was super localized, in europe, and was not even done to its fullest potential. So, they didnt get ANY press (just like two articles from random websites). Fast forward and Im at another agency, thinking that now more than ever, that idea could be done better. Is it fair game?

like

Is it mandatory for all TCS employees to WFO from November or any exemptions will be considered?

like

Why does it feel like everyone year 5 and senior is married? Even the ones that went straight through?

like

Anyone found an affordable adjustable standing desk they like? I have an iMac and a laptop is like to be able to fit on it.

like

I’ve gotten massive returns by making huge bets on good coins. XLM is my current darling: FairX, ICO platform, partnerships, use cases and fast payments.

like

How much are your biweekly paychecks after taxes, insurance, 401k contributions, etc. and how much of each paycheck do you tuck into savings?

likesmarthelpful

Long term recommendations for ETFs buying in now? QQQ and VTI? Recommend any of the blue chips?

like

Is a 710 gmat (q44 v42) worth retaking? I’m a Latin American male working at McKinsey, 4.0 gpa from the top university in my country on a full scholarship. Maybe with a lot of effort I could get my score up to a 730, but I’m not sure if it’s worth the time

like

Goodness. Why are sofas so expensive? I’m saving for one but looks like every company outdid each other on pricing not in a good way

like

Anyone open to cat sitting this weekend? Janis is a very social and affection purebred bengal kitten. Hypoallergenic too. We need a sitter Thursday evening through Tuesday. $200 compensation. If interested please reply with location. Hoping not to venture far from Capitol Hill.

like

LA folks, how do you meet people in this city? Just moved here and have some friends but am eager to meet more. Any tips?

like

Have people been getting bonuses or mid year raises now? Saw something on a Deloitte bowl I thought.

likefunny

Kinda bummed. I’ve been single for 6 years (I’m 31 now). I live in ptown and talk to guys in Boston on tinder. Was talking to a guy for about a week who is my type. I asked if he wanted to FaceTime tonight and he said sure but caveated that he isn’t into long distance (ptown to Boston) and that we would most likely stick to chatting. Idk what’s wrong with me. Everyone tells me I’m a catch but guys I’m attracted to are never into me 😭 just needed to vent

likehelpful

Additional Posts in The Boston Bowl

Tips on Boston fertility clinics? So far looking between Boston IVF and MGH. (Also cross posting to fertility bowl but thought I’d try here for the Boston fish)

like

Favorite halal restaurant in Boston? Help a Muslim brother out 😅

likesmart

Liberty Mutual has open roles for a Senior Market Researcher and a Senior UX Researcher. DM me for a referral and more info!

likefunny

Anyone know of any hotel chains that have properties on either Nantucket or Martha’s Vineyard?

like

Recommendations for where to do LASIK in Boston ?

like

South End: 1 Room in 2bd/1ba; 1-yr lease; May Move-in (Later Negotiable); $1,300/mo; <5 min from BMC, BU Med/Dental--PM/DM/Chat if interested!

likehelpful

Where to pregame before the chili peppers concert tomorrow?

like

If I were to go to the Cape in early October is there enough to do for a weekend? If so, where in the Cape do you recommend? Alternatively, also looking into Providence..

like

Debating between super high end luxury building in West End and decent managed building (no amenities) in Back Bay. 30 yr old M. Given change in social scene with COVID, where do you recommend?

like

fully vaccinated, in my early-mid 20s. what are the best places to (safely enough) have a fun time on a Saturday night? obviously not looking for a crowded bar but looking to do something where I can socialize, maybe outdoors or in a low-capacity setting?

like

Anyone have an OB/GYN rec in the Cambridge/Somerville area?

like

IFV recommendations in Boston anyone? A Reproductive Endocrinologist the most - but reccs on any and all members of a health team/other tips welcome. Wide and I are about to begin this journey =/

like

Ikon or epic pass for NE skiing?

Single 32M. Looking for apartment that is on the higher end, located near downtown, with a younger social crowd. Heard a lot about seaport and some in the west end. Thoughts on which ones are the best?

like

Selling a Tresanti standing desk (see photo). Listing at $275 but negotiable. Like new condition, owned for less than 2 years. Features: Adjustable height desk (height range 29.4 in - 47 in), complete with 2 USB ports, wireless charging, storage drawer, and other features! DM if interested!

Post Photo
like

Any 🐠 looking for a place to stay in Boston this winter? I am taking advantage of 100% remote work and going to Utah. Looking to rent out my furnished 2 BR 2Bath apartment, downtown- water view of the harbor next to the aquarium.
$4k a month (renting at cost)

Post Photo
like

Looking for used skis and boots. Are there stores around here that carry them? Online resources?

like

Recently received notice from landlord rent is going up ~20%. For reference, it is privately owned condo and did not sign at a COVID discounted rate. Super frustrated. What are others seeing for rent increases?

like

Any good outdoor dining recommendations for a larger group (~10) near the downtown area? (Financial District, North End, Seaport, Back Bay, even South End)?

like

Boston fish - good restaurants to take clients within walking distance of One Financial Center?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal