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Old 01-26-2022, 09:34 AM
 
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Given the choice between a SFH on the Upper Cape- south side but over the bridge in say Bourne and just outside of Boston on the T- say Braintree or Quincy, where would you invest for long term rental return?

EDIT: You have two homes. Which one to you keep and which one do you sell if you are thinking long term investment? And selling both is not an option right now. Neither is a primary residence.

Last edited by Beachcomber4; 01-26-2022 at 10:13 AM..
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Old 01-26-2022, 09:37 AM
 
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Quote:
Originally Posted by Beachcomber4 View Post
Given the choice between a SFH on the Upper Cape- south side but over the bridge in say Bourne and just outside of Boston on the T- say Braintree or Quincy, where would you invest for long term rental return?

Right now, nowhere.
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Old 01-26-2022, 01:07 PM
 
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With no other information and if I had to sell one, I'd sell the house on Cape Cod.
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Old 01-26-2022, 05:20 PM
 
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Originally Posted by simplexsimon View Post
With no other information and if I had to sell one, I'd sell the house on Cape Cod.
Thank you. Curious your reasons.
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Old 01-26-2022, 05:28 PM
 
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Do you have to sell either ? Seems like homes in the cape are hot right now.
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Old 01-26-2022, 09:05 PM
 
Location: Michigan
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Originally Posted by msRB311 View Post
Do you have to sell either ? Seems like homes in the cape are hot right now.
That, and for rentals a property as easily accessible to Boston as Braintree/Quincy should do well for many years.
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Old 01-27-2022, 05:08 AM
 
Location: Massachusetts & Hilton Head, SC
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Originally Posted by CrowGirl View Post
That, and for rentals a property as easily accessible to Boston as Braintree/Quincy should do well for many years.
Agreed, although the OP lives on the Cape so that property might be easier to manage?
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Old 01-27-2022, 06:25 AM
 
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Consider that Cape Cod bridges are going to be replaced starting mid-decade in a multi-year miasma.
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Old 01-27-2022, 07:00 AM
 
Location: Providence, RI
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If you already own both, I'd say keep the Braintree/Quincy property. I think that's the safer bet with easier to project growth in both property value and rental income over time. And while I don't think there will be anything resembling big dip in the Upper Cape market in the near future, I don't think it it's in the same tier as T-accessible Boston in terms of long term growth. Now is a good time to sell either, but there may be more of a "selling high" element with the Cape right now.
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Old 01-27-2022, 07:08 AM
 
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Originally Posted by Beachcomber4 View Post
Thank you. Curious your reasons.
Similar to the reasons outlined by lrfox.

I think there's more downside risk to the Cape Cod house with regards to weather.

There's a lot of value living near the property. If you're already on the Cape then factor that in.
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