Are Boston Multi-Family Homes a Good Investment?

Boston real estate continues to be a solid choice for today’s investors, particularly due to its persistent price appreciation over the last decade. It helps that the Boston rental market has proven to be resilient. In our 2022 Boston apartment rental market report, we discussed the quick correction of the rental market after the unprecedented increase in rental supply numbers due to the COVID-19 pandemic in 2020 and 2021. This was great news for Boston property owners, who are also noting their current renters are renewing their leases at higher rates than previous years. No investment is without risk, but Boston multi- family homes have proven to be a good long-term investment for many landlords.

First, What Constitutes a Good Investment?

Before investing in Boston real estate, you must consider your responsibilities and way of life. While there are many other asset types in which you may consider investing, you need to pick one that matches your lifestyle. You obviously want an investment that makes you money, but beyond that you also want one that aligns with your available time, your financial goals, and the amount of risk you are willing and able to withstand. As with any other business, real estate investing involves capital, potential risks, and needs consistent effort.

When starting out as a real estate investor, the first key to success is to match your commitment, your talents, and above all – your goals. Simply put, what are you trying to accomplish? Are you trying to supplement your income? Start a new career? Be your own boss? You don’t automatically need a superbly detailed business plan, but it’s critical for you to understand what you hope to accomplish by investing in real estate—both professionally and personally.