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Originally Posted by Dave Kaminski  I was just working on my 5 year goals, and one of them is to own six profitable four unit apartment buildings. In Massachusetts, anything more than four units is considered commercial and I don't think I'm ready to deal with those regulations. |
Where in Massachusetts are you hunting for properties? I would also like to add some investment property to my investment portfolio. I live in Boston and every listing I see is _way_ too expensive for the rent to cover the mortgage, which I assumed should be a requirement when buying rental property.
Am I being unrealistic to expect the rent to cover the mortgage or am I looking the wrong neighborhoods?