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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: purplish on November 15, 2015, 06:49:16 PM

Title: Can the 1% rule be done in Massachusetts?
Post by: purplish on November 15, 2015, 06:49:16 PM
I just don't know if it can. It seems that the higher the rent, the higher the price, the lower the price the lower the rent. Anyone have ideas on great areas in MA to buy?
Title: Re: Can the 1% rule be done in Massachusetts?
Post by: arebelspy on November 16, 2015, 01:21:40 AM
Massachusetts is a large place.  So I'm sure the answer is yes. But you may not want to buy in places where it is the case (the area may not be so good).

I avoid most of the east coast due to property taxes and landlord-tenant laws being too tenant friendly, but that's just a generalization and doesn't hold for every state over there.  But they're things to look in to--even if you can hit the 1% rule you may not want to invest due to other factors.

I'd suggest that you are doing this backwards. The tail is wagging the dog.

Don't look for areas that hit 1%, and then try to invest there. Look first for areas you'd want to invest, then see if it hits your acceptable return. If not, look at other places you'd want to invest.

There's a million places to get decent returns. They're not all good investments though. Start by looking for good investments.

Good luck! :)