Massachusetts Real Estate Models
Check out how Massachusetts does for these scenarios.
5% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
Net Worth at 40 Years
- Boston = $35.00M
- Cambridge = $4.02M
- Fall River = $3.74M
- Lowell = $5.94M
- New Bedford = $5.31M
- Quincy = $6.18M
- Worcester = $5.11M
Month First Achieved Financial Independence
- Boston = 23.33 Years (280 Months)
- Cambridge = 87.33 Years (1048 Months)
- Fall River = 68.67 Years (824 Months)
- Lowell = 54.08 Years (649 Months)
- New Bedford = 49.67 Years (596 Months)
- Quincy = 61.83 Years (742 Months)
- Worcester = 55.75 Years (669 Months)
5% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
Net Worth at 40 Years
- Boston = $45.47M
- Cambridge = $4.37M
- Fall River = $4.63M
- Lowell = $7.96M
- New Bedford = $6.68M
- Quincy = $8.50M
- Worcester = $6.71M
Month First Achieved Financial Independence
- Boston = 18.25 Years (219 Months)
- Cambridge = 84.33 Years (1012 Months)
- Fall River = 61.25 Years (735 Months)
- Lowell = 48.17 Years (578 Months)
- New Bedford = 44.25 Years (531 Months)
- Quincy = 53.33 Years (640 Months)
- Worcester = 48.25 Years (579 Months)
10% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
Net Worth at 40 Years
- Boston = $26.77M
- Cambridge = $3.61M
- Fall River = $3.22M
- Lowell = $4.97M
- New Bedford = $4.66M
- Quincy = $5.06M
- Worcester = $4.48M
Month First Achieved Financial Independence
- Boston = 30.00 Years (360 Months)
- Cambridge = 86.33 Years (1036 Months)
- Fall River = 68.25 Years (819 Months)
- Lowell = 55.25 Years (663 Months)
- New Bedford = 52.25 Years (627 Months)
- Quincy = 65.25 Years (783 Months)
- Worcester = 57.75 Years (693 Months)
.5 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Boston = $26.77M
- Cambridge = $3.61M
- Fall River = $3.22M
- Lowell = $4.97M
- New Bedford = $4.66M
- Quincy = $5.06M
- Worcester = $4.48M
Month First Achieved Financial Independence
- Boston = 30.00 Years (360 Months)
- Cambridge = 86.33 Years (1036 Months)
- Fall River = 68.25 Years (819 Months)
- Lowell = 55.25 Years (663 Months)
- New Bedford = 52.25 Years (627 Months)
- Quincy = 65.25 Years (783 Months)
- Worcester = 57.75 Years (693 Months)
Nomad to Short-Term Rentals with 75% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Boston = $94.94M
- Cambridge = $8.52M
- Fall River = $17.53M
- Lowell = $30.92M
- New Bedford = $26.70M
- Quincy = $38.68M
- Worcester = $25.37M
Month First Achieved Financial Independence
- Boston = 10.92 Years (131 Months)
- Cambridge = 82.25 Years (987 Months)
- Fall River = 28.25 Years (339 Months)
- Lowell = 17.00 Years (204 Months)
- New Bedford = 15.25 Years (183 Months)
- Quincy = 20.25 Years (243 Months)
- Worcester = 18.25 Years (219 Months)
10% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
Net Worth at 40 Years
- Boston = $48.80M
- Cambridge = $4.80M
- Fall River = $5.90M
- Lowell = $10.82M
- New Bedford = $9.04M
- Quincy = $11.73M
- Worcester = $8.74M
Month First Achieved Financial Independence
- Boston = 15.25 Years (183 Months)
- Cambridge = 84.92 Years (1019 Months)
- Fall River = 58.33 Years (700 Months)
- Lowell = 43.25 Years (519 Months)
- New Bedford = 42.08 Years (505 Months)
- Quincy = 49.25 Years (591 Months)
- Worcester = 46.25 Years (555 Months)
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Boston = $76.36M
- Cambridge = $6.18M
- Fall River = $11.68M
- Lowell = $21.83M
- New Bedford = $18.38M
- Quincy = $26.75M
- Worcester = $17.77M
Month First Achieved Financial Independence
- Boston = 12.17 Years (146 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 39.25 Years (471 Months)
- Lowell = 25.67 Years (308 Months)
- New Bedford = 25.25 Years (303 Months)
- Quincy = 30.25 Years (363 Months)
- Worcester = 27.75 Years (333 Months)
5% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
Net Worth at 40 Years
- Boston = $33.95M
- Cambridge = $3.91M
- Fall River = $3.70M
- Lowell = $5.71M
- New Bedford = $5.17M
- Quincy = $5.91M
- Worcester = $5.06M
Month First Achieved Financial Independence
- Boston = 24.25 Years (291 Months)
- Cambridge = 86.08 Years (1033 Months)
- Fall River = 64.58 Years (775 Months)
- Lowell = 55.00 Years (660 Months)
- New Bedford = 49.25 Years (591 Months)
- Quincy = 62.25 Years (747 Months)
- Worcester = 56.00 Years (672 Months)
10% Less Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Boston = $268.09K
- Cambridge = -$1.29M
- Fall River = $1.82M
- Lowell = $2.79M
- New Bedford = $3.26M
- Quincy = $597.11K
- Worcester = $2.73M
Month First Achieved Financial Independence
- Boston = 77.25 Years (927 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 83.25 Years (999 Months)
- Lowell = 67.25 Years (807 Months)
- New Bedford = 55.25 Years (663 Months)
- Quincy = 99.83 Years (1198 Months)
- Worcester = 64.92 Years (779 Months)
Nomad to Short-Term Rentals with 25% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Boston = $53.01M
- Cambridge = $5.11M
- Fall River = $6.21M
- Lowell = $12.61M
- New Bedford = $10.21M
- Quincy = $13.73M
- Worcester = $10.19M
Month First Achieved Financial Independence
- Boston = 15.42 Years (185 Months)
- Cambridge = 78.33 Years (940 Months)
- Fall River = 54.25 Years (651 Months)
- Lowell = 40.25 Years (483 Months)
- New Bedford = 39.33 Years (472 Months)
- Quincy = 45.25 Years (543 Months)
- Worcester = 41.25 Years (495 Months)
.25 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
Net Worth at 40 Years
- Boston = $42.96M
- Cambridge = $4.33M
- Fall River = $4.39M
- Lowell = $7.46M
- New Bedford = $6.39M
- Quincy = $7.94M
- Worcester = $6.26M
Month First Achieved Financial Independence
- Boston = 19.25 Years (231 Months)
- Cambridge = 85.58 Years (1027 Months)
- Fall River = 63.42 Years (761 Months)
- Lowell = 49.00 Years (588 Months)
- New Bedford = 46.17 Years (554 Months)
- Quincy = 55.25 Years (663 Months)
- Worcester = 50.92 Years (611 Months)
10% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
Net Worth at 40 Years
- Boston = $50.66M
- Cambridge = $4.55M
- Fall River = $5.15M
- Lowell = $9.31M
- New Bedford = $7.62M
- Quincy = $9.85M
- Worcester = $7.72M
Month First Achieved Financial Independence
- Boston = 16.25 Years (195 Months)
- Cambridge = 82.75 Years (993 Months)
- Fall River = 57.25 Years (687 Months)
- Lowell = 43.67 Years (524 Months)
- New Bedford = 42.25 Years (507 Months)
- Quincy = 50.17 Years (602 Months)
- Worcester = 45.83 Years (550 Months)
Nomad™ and Sell ALL Rentals if SWR Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
Net Worth at 40 Years
- Boston = $40.11M
- Cambridge = $4.19M
- Fall River = $4.15M
- Lowell = $6.77M
- New Bedford = $5.98M
- Quincy = $7.20M
- Worcester = $5.90M
Month First Achieved Financial Independence
- Boston = 20.25 Years (243 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 58.33 Years (700 Months)
- Lowell = 48.33 Years (580 Months)
- New Bedford = 45.25 Years (543 Months)
- Quincy = 54.58 Years (655 Months)
- Worcester = 48.83 Years (586 Months)
25% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
Net Worth at 40 Years
- Boston = $32.03M
- Cambridge = $4.19M
- Fall River = $4.32M
- Lowell = $7.38M
- New Bedford = $7.09M
- Quincy = $7.50M
- Worcester = $6.28M
Month First Achieved Financial Independence
- Boston = 24.00 Years (288 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 64.25 Years (771 Months)
- Lowell = 49.25 Years (591 Months)
- New Bedford = 46.25 Years (555 Months)
- Quincy = 56.25 Years (675 Months)
- Worcester = 50.25 Years (603 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Boston = $33.59M
- Cambridge = $2.75M
- Fall River = $3.76M
- Lowell = $6.02M
- New Bedford = $5.39M
- Quincy = $6.04M
- Worcester = $5.33M
Month First Achieved Financial Independence
- Boston = 23.33 Years (280 Months)
- Cambridge = 93.75 Years (1125 Months)
- Fall River = 66.17 Years (794 Months)
- Lowell = 53.67 Years (644 Months)
- New Bedford = 49.67 Years (596 Months)
- Quincy = 61.17 Years (734 Months)
- Worcester = 54.25 Years (651 Months)
10% More Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Boston = $51.78M
- Cambridge = $8.13M
- Fall River = $6.41M
- Lowell = $10.32M
- New Bedford = $8.66M
- Quincy = $12.63M
- Worcester = $8.86M
Month First Achieved Financial Independence
- Boston = 16.25 Years (195 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 56.83 Years (682 Months)
- Lowell = 45.42 Years (545 Months)
- New Bedford = 43.92 Years (527 Months)
- Quincy = 47.25 Years (567 Months)
- Worcester = 45.67 Years (548 Months)
10% Property Manager While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
Net Worth at 40 Years
- Boston = $32.48M
- Cambridge = $4.18M
- Fall River = $3.74M
- Lowell = $5.87M
- New Bedford = $5.44M
- Quincy = $6.37M
- Worcester = $5.12M
Month First Achieved Financial Independence
- Boston = 26.25 Years (315 Months)
- Cambridge = 85.92 Years (1031 Months)
- Fall River = 71.42 Years (857 Months)
- Lowell = 56.25 Years (675 Months)
- New Bedford = 52.25 Years (627 Months)
- Quincy = 65.25 Years (783 Months)
- Worcester = 57.25 Years (687 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Boston = $40.11M
- Cambridge = $4.19M
- Fall River = $4.15M
- Lowell = $6.77M
- New Bedford = $5.98M
- Quincy = $7.20M
- Worcester = $5.90M
Month First Achieved Financial Independence
- Boston = 20.25 Years (243 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 64.17 Years (770 Months)
- Lowell = 51.50 Years (618 Months)
- New Bedford = 47.67 Years (572 Months)
- Quincy = 58.08 Years (697 Months)
- Worcester = 52.25 Years (627 Months)
Buy Non-Owner-Occupant All Cash As Renter
Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
Net Worth at 40 Years
- Boston = $6.15M
- Cambridge = $5.34M
- Fall River = $4.05M
- Lowell = $4.65M
- New Bedford = $4.66M
- Quincy = $4.70M
- Worcester = $4.52M
Month First Achieved Financial Independence
- Boston = 42.33 Years (508 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 58.25 Years (699 Months)
- Lowell = 50.33 Years (604 Months)
- New Bedford = 45.50 Years (546 Months)
- Quincy = 58.17 Years (698 Months)
- Worcester = 50.17 Years (602 Months)
3% Property Price Discount While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
Net Worth at 40 Years
- Boston = $43.03M
- Cambridge = $4.37M
- Fall River = $4.52M
- Lowell = $7.89M
- New Bedford = $6.52M
- Quincy = $8.43M
- Worcester = $6.60M
Month First Achieved Financial Independence
- Boston = 18.75 Years (225 Months)
- Cambridge = 85.58 Years (1027 Months)
- Fall River = 63.42 Years (761 Months)
- Lowell = 48.50 Years (582 Months)
- New Bedford = 47.25 Years (567 Months)
- Quincy = 54.25 Years (651 Months)
- Worcester = 49.75 Years (597 Months)
Nomad™ and Payoff OO if Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
Net Worth at 40 Years
- Boston = $40.11M
- Cambridge = $4.19M
- Fall River = $4.15M
- Lowell = $6.77M
- New Bedford = $5.98M
- Quincy = $7.20M
- Worcester = $5.90M
Month First Achieved Financial Independence
- Boston = 20.25 Years (243 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 63.08 Years (757 Months)
- Lowell = 51.50 Years (618 Months)
- New Bedford = 45.42 Years (545 Months)
- Quincy = 58.08 Years (697 Months)
- Worcester = 52.08 Years (625 Months)
Buy Non-Owner-Occupant All Cash
Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
Net Worth at 40 Years
- Boston = $13.90M
- Cambridge = $4.19M
- Fall River = $4.29M
- Lowell = $6.09M
- New Bedford = $5.57M
- Quincy = $6.47M
- Worcester = $5.48M
Month First Achieved Financial Independence
- Boston = 30.25 Years (363 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 52.25 Years (627 Months)
- Lowell = 42.25 Years (507 Months)
- New Bedford = 38.92 Years (467 Months)
- Quincy = 48.25 Years (579 Months)
- Worcester = 43.25 Years (519 Months)
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
Net Worth at 40 Years
- Boston = $40.11M
- Cambridge = $4.19M
- Fall River = $4.13M
- Lowell = $6.96M
- New Bedford = $6.31M
- Quincy = $7.25M
- Worcester = $5.99M
Month First Achieved Financial Independence
- Boston = 20.25 Years (243 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 59.33 Years (712 Months)
- Lowell = 43.25 Years (519 Months)
- New Bedford = 41.33 Years (496 Months)
- Quincy = 50.25 Years (603 Months)
- Worcester = 45.58 Years (547 Months)
20% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
Net Worth at 40 Years
- Boston = $33.24M
- Cambridge = $4.19M
- Fall River = $4.17M
- Lowell = $7.25M
- New Bedford = $6.83M
- Quincy = $7.42M
- Worcester = $6.15M
Month First Achieved Financial Independence
- Boston = 24.25 Years (291 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 66.25 Years (795 Months)
- Lowell = 49.50 Years (594 Months)
- New Bedford = 46.92 Years (563 Months)
- Quincy = 56.25 Years (675 Months)
- Worcester = 51.75 Years (621 Months)
3% Commission While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
Net Worth at 40 Years
- Boston = $43.90M
- Cambridge = $4.27M
- Fall River = $4.49M
- Lowell = $7.23M
- New Bedford = $6.30M
- Quincy = $7.75M
- Worcester = $6.34M
Month First Achieved Financial Independence
- Boston = 19.25 Years (231 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 62.00 Years (744 Months)
- Lowell = 50.25 Years (603 Months)
- New Bedford = 46.33 Years (556 Months)
- Quincy = 56.33 Years (676 Months)
- Worcester = 50.58 Years (607 Months)
.25 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Boston = $38.02M
- Cambridge = $4.05M
- Fall River = $3.95M
- Lowell = $6.21M
- New Bedford = $5.62M
- Quincy = $6.66M
- Worcester = $5.46M
Month First Achieved Financial Independence
- Boston = 22.25 Years (267 Months)
- Cambridge = 86.00 Years (1032 Months)
- Fall River = 65.25 Years (783 Months)
- Lowell = 53.25 Years (639 Months)
- New Bedford = 47.42 Years (569 Months)
- Quincy = 59.25 Years (711 Months)
- Worcester = 53.25 Years (639 Months)
No Real Estate, Invest in Stocks
Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
Net Worth at 40 Years
- Boston = $4.38M
- Cambridge = $5.34M
- Fall River = $4.04M
- Lowell = $4.10M
- New Bedford = $4.02M
- Quincy = $4.31M
- Worcester = $4.03M
Month First Achieved Financial Independence
- Boston = 66.33 Years (796 Months)
- Cambridge = 82.75 Years (993 Months)
- Fall River = 54.75 Years (657 Months)
- Lowell = 57.17 Years (686 Months)
- New Bedford = 51.75 Years (621 Months)
- Quincy = 64.92 Years (779 Months)
- Worcester = 54.83 Years (658 Months)
.5 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
Net Worth at 40 Years
- Boston = $43.57M
- Cambridge = $4.47M
- Fall River = $4.66M
- Lowell = $8.18M
- New Bedford = $6.91M
- Quincy = $8.65M
- Worcester = $6.76M
Month First Achieved Financial Independence
- Boston = 18.25 Years (219 Months)
- Cambridge = 85.33 Years (1024 Months)
- Fall River = 62.25 Years (747 Months)
- Lowell = 47.25 Years (567 Months)
- New Bedford = 45.42 Years (545 Months)
- Quincy = 54.25 Years (651 Months)
- Worcester = 50.00 Years (600 Months)
5% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
Net Worth at 40 Years
- Boston = $44.91M
- Cambridge = $4.49M
- Fall River = $4.91M
- Lowell = $8.43M
- New Bedford = $7.17M
- Quincy = $9.16M
- Worcester = $7.02M
Month First Achieved Financial Independence
- Boston = 17.33 Years (208 Months)
- Cambridge = 85.33 Years (1024 Months)
- Fall River = 61.25 Years (735 Months)
- Lowell = 47.25 Years (567 Months)
- New Bedford = 45.25 Years (543 Months)
- Quincy = 53.33 Years (640 Months)
- Worcester = 50.17 Years (602 Months)
10% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
Net Worth at 40 Years
- Boston = $29.75M
- Cambridge = $3.84M
- Fall River = $3.36M
- Lowell = $5.14M
- New Bedford = $4.77M
- Quincy = $5.41M
- Worcester = $4.53M
Month First Achieved Financial Independence
- Boston = 27.50 Years (330 Months)
- Cambridge = 88.83 Years (1066 Months)
- Fall River = 71.83 Years (862 Months)
- Lowell = 58.67 Years (704 Months)
- New Bedford = 53.50 Years (642 Months)
- Quincy = 67.25 Years (807 Months)
- Worcester = 60.25 Years (723 Months)
Pay off mortgages early when Nomading™ with any excess cash.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
Net Worth at 40 Years
- Boston = $11.53M
- Cambridge = $4.19M
- Fall River = $4.24M
- Lowell = $5.57M
- New Bedford = $5.25M
- Quincy = $6.17M
- Worcester = $5.07M
Month First Achieved Financial Independence
- Boston = 38.08 Years (457 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 50.00 Years (600 Months)
- Lowell = 46.25 Years (555 Months)
- New Bedford = 42.17 Years (506 Months)
- Quincy = 51.58 Years (619 Months)
- Worcester = 46.08 Years (553 Months)
25% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Boston = $19.34M
- Cambridge = $3.62M
- Fall River = $4.06M
- Lowell = $6.30M
- New Bedford = $6.20M
- Quincy = $6.17M
- Worcester = $5.61M
Month First Achieved Financial Independence
- Boston = 29.08 Years (349 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 68.58 Years (823 Months)
- Lowell = 53.17 Years (638 Months)
- New Bedford = 49.67 Years (596 Months)
- Quincy = 61.25 Years (735 Months)
- Worcester = 54.67 Years (656 Months)
Pay off mortgages in full early when Nomading™.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Net Worth at 40 Years
- Boston = $38.96M
- Cambridge = $4.19M
- Fall River = $4.15M
- Lowell = $7.03M
- New Bedford = $6.38M
- Quincy = $7.33M
- Worcester = $6.06M
Month First Achieved Financial Independence
- Boston = 19.42 Years (233 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 61.75 Years (741 Months)
- Lowell = 47.25 Years (567 Months)
- New Bedford = 45.25 Years (543 Months)
- Quincy = 55.00 Years (660 Months)
- Worcester = 48.25 Years (579 Months)
20% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Boston = $22.33M
- Cambridge = $3.47M
- Fall River = $3.87M
- Lowell = $6.10M
- New Bedford = $5.37M
- Quincy = $6.11M
- Worcester = $5.22M
Month First Achieved Financial Independence
- Boston = 27.25 Years (327 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 70.25 Years (843 Months)
- Lowell = 55.25 Years (663 Months)
- New Bedford = 54.25 Years (651 Months)
- Quincy = 64.00 Years (768 Months)
- Worcester = 58.25 Years (699 Months)
More Model Comparisons for Massachusetts
The following are the various scenarios we ran summarized with Massachusetts cities highlighted.
- Is it better to put 20% down or 25% down when buying rentals? - First, we buy an owner-occupant property with 5% down then we start buying rental properties. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down or 25% down when buying rentals when you don't buy an owner-occupant property first? - We start buying rental properties immediately... even before we buy an owner-occupant property. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 20% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy.
- When Nomading™ should you consider selling ALL your rentals if it means you'd be able to invest in stocks, bonds or something else and live off these investments using a Safe Withdrawal Rate instead of the cash flow from rentals? - You could acquire a portfolio of rentals utilizing the Nomad™ real estate investing strategy and wait for the cash flow to be great enough for you to be able to achieve financial independence from the cash flow. But, what about the equity in your properties? Would it be better for you to sell off all the rentals and take the net proceeds after all the expenses and invest that in something else. Then, live off these other investments using a Safe Withdrawal Rate?
- Is it better to put 25% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 25% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy. 25% down has a slighter better interest rate than 20% down.
- Is it better to buy 20% down rentals or invest in stocks? - See how buying 20% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to buy 25% down rentals or invest in stocks? - See how buying 25% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or invest in stocks? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy a single owner-occupant with 5% down then buy up to 9 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying just one owner-occupant with 5% down then buying up to 9 rentals all cash as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy up to 10 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying up to 10 rentals all cash as we model it across the US in over 300 cities.
- Is it better to buy rentals with 20% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 20% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to buy rentals with 25% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 25% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to pay off rentals when Nomading™ early with extra cash flow or only pay them off in full? - When you're Nomading™, should you pay off mortgages early? Specifically, is it better to take any excess cash and pay off rentals early with any excess cash you have or wait until you've saved up enough where you pay off the mortgage in full and keep the excess money in the stock market while you're waiting. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals early with extra cash flow or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties early with extra flow? See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals in full early or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties in full early? You keep your money invested in the stock market until you have enough to pay off the lowest balance mortgage. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off your owner-occupant mortgage when Nomading™? - Is it better to pay off your owner-occupant mortgage when Nomading™ if that means you're financially independent? Or, should you just do traditional Nomad™ without paying off your owner-occupant property early? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 20% down payment rentals or keep renting instead? - When you're buying 20% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 25% down payment rentals or keep renting instead? - When you're buying 25% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 20% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 20% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 25% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 25% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better for Nomads™ to get a 5% discount when buying or get 5% better rents? - As a Nomad™, is it better to focus on finding a property you can buy at a 5% discount? Or, is it better to focus on finding a property where you can get 5% better rents? Explore this comparison as we model it across the US in over 300 cities.
- Is it better for Nomads™ to get a 10% discount when buying or get 10% better rents? - As a Nomad™, is it better to focus on finding a property you can buy at a 10% discount? Or, is it better to focus on finding a property where you can get 10% better rents? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy at a 5% discount? - As a Nomad™, how much better is it to focus on finding a property you can buy at a 5% discount? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy at a 10% discount? - As a Nomad™, how much better is it to focus on finding a property you can buy at a 10% discount? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy a property that gets 5% better rents? - As a Nomad™, how much better is it to focus on finding a property you can buy with 5% better rent? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ how much better is it to be able to buy a property that gets 10% better rents? - As a Nomad™, how much better is it to focus on finding a property you can buy with 10% better rent? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ is it better to buy at a 5% discount or get .25% lower mortgage interest rate? - As a Nomad™, should you focus on buying properties for a 5% discount? Or, is it better to focus on being able to negotiate getting a .25% lower mortgage interest rate? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ is it better to buy at a 10% discount or get .5% lower mortgage interest rate? - As a Nomad™, should you focus on buying properties for a 10% discount? Or, is it better to focus on being able to negotiate getting a .5% lower mortgage interest rate? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ what difference would it make to earn 10% less income? - As a Nomad™ what is the impact of earning 10% less income? Explore this comparison as we model it across the US in over 300 cities.
- For Nomads™ what difference would it make to earn 10% more income? - As a Nomad™ what is the impact of earning 10% more income? Explore this comparison as we model it across the US in over 300 cities.
Specific Strategy Summaries for Massachusetts Cities
The following are the various scenarios we ran summarized with Massachusetts cities highlighted.
Check out how these reports summarizing how a particular strategy performed across all states:
- 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
- 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
- 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
- .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
- Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
- 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
- Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
- 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
- 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
- Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
- .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
- 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
- Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
- 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
- Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
- 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
- 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
- Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
- Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
- Nomad™ and Sell SOME Rentals to Payoff Others if FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
- 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
- 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
- .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
- No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
- .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
- 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
- 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
- Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
- 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
- Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
- 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Detailed Massachusetts City-Specific Modeling
Check out the detailed modeling for these Massachusetts cities.
BostonCambridge
Fall River
Lowell
New Bedford
Quincy
Worcester