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 = $34.62M
- Cambridge = $4.01M
- Fall River = $3.71M
- Lowell = $5.87M
- New Bedford = $5.28M
- Quincy = $6.26M
- Worcester = $5.15M
Month First Achieved Financial Independence
- Boston = 23.75 Years (285 Months)
- Cambridge = 87.33 Years (1048 Months)
- Fall River = 68.83 Years (826 Months)
- Lowell = 54.33 Years (652 Months)
- New Bedford = 49.75 Years (597 Months)
- Quincy = 61.42 Years (737 Months)
- Worcester = 55.33 Years (664 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 = $45.55M
- Cambridge = $4.37M
- Fall River = $4.65M
- Lowell = $7.83M
- New Bedford = $6.67M
- Quincy = $8.42M
- Worcester = $6.81M
Month First Achieved Financial Independence
- Boston = 17.75 Years (213 Months)
- Cambridge = 84.25 Years (1011 Months)
- Fall River = 60.92 Years (731 Months)
- Lowell = 48.50 Years (582 Months)
- New Bedford = 44.33 Years (532 Months)
- Quincy = 53.75 Years (645 Months)
- Worcester = 47.83 Years (574 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 = $26.74M
- Cambridge = $3.61M
- Fall River = $3.24M
- Lowell = $4.93M
- New Bedford = $4.65M
- Quincy = $5.10M
- Worcester = $4.44M
Month First Achieved Financial Independence
- Boston = 29.75 Years (357 Months)
- Cambridge = 86.33 Years (1036 Months)
- Fall River = 67.75 Years (813 Months)
- Lowell = 55.75 Years (669 Months)
- New Bedford = 52.33 Years (628 Months)
- Quincy = 64.75 Years (777 Months)
- Worcester = 57.83 Years (694 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 = $26.74M
- Cambridge = $3.61M
- Fall River = $3.24M
- Lowell = $4.93M
- New Bedford = $4.65M
- Quincy = $5.10M
- Worcester = $4.44M
Month First Achieved Financial Independence
- Boston = 29.75 Years (357 Months)
- Cambridge = 86.33 Years (1036 Months)
- Fall River = 67.75 Years (813 Months)
- Lowell = 55.75 Years (669 Months)
- New Bedford = 52.33 Years (628 Months)
- Quincy = 64.75 Years (777 Months)
- Worcester = 57.83 Years (694 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 = $96.80M
- Cambridge = $8.57M
- Fall River = $17.75M
- Lowell = $30.22M
- New Bedford = $26.60M
- Quincy = $38.82M
- Worcester = $25.46M
Month First Achieved Financial Independence
- Boston = 10.75 Years (129 Months)
- Cambridge = 81.75 Years (981 Months)
- Fall River = 28.17 Years (338 Months)
- Lowell = 17.00 Years (204 Months)
- New Bedford = 15.75 Years (189 Months)
- Quincy = 19.75 Years (237 Months)
- Worcester = 17.75 Years (213 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 = $48.36M
- Cambridge = $4.80M
- Fall River = $5.86M
- Lowell = $10.82M
- New Bedford = $9.18M
- Quincy = $11.68M
- Worcester = $8.58M
Month First Achieved Financial Independence
- Boston = 15.75 Years (189 Months)
- Cambridge = 84.92 Years (1019 Months)
- Fall River = 58.42 Years (701 Months)
- Lowell = 43.75 Years (525 Months)
- New Bedford = 42.67 Years (512 Months)
- Quincy = 49.75 Years (597 Months)
- Worcester = 46.75 Years (561 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 = $34.62M
- Cambridge = $3.91M
- Fall River = $3.67M
- Lowell = $5.72M
- New Bedford = $5.14M
- Quincy = $5.88M
- Worcester = $5.01M
Month First Achieved Financial Independence
- Boston = 24.75 Years (297 Months)
- Cambridge = 86.08 Years (1033 Months)
- Fall River = 64.83 Years (778 Months)
- Lowell = 55.00 Years (660 Months)
- New Bedford = 48.83 Years (586 Months)
- Quincy = 61.42 Years (737 Months)
- Worcester = 56.25 Years (675 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 = $74.51M
- Cambridge = $6.17M
- Fall River = $11.75M
- Lowell = $21.70M
- New Bedford = $18.37M
- Quincy = $27.25M
- Worcester = $18.02M
Month First Achieved Financial Independence
- Boston = 12.17 Years (146 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 39.42 Years (473 Months)
- Lowell = 25.75 Years (309 Months)
- New Bedford = 24.75 Years (297 Months)
- Quincy = 29.75 Years (357 Months)
- Worcester = 27.50 Years (330 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 = $1.83M
- Lowell = $2.81M
- New Bedford = $3.24M
- Quincy = $597.03K
- Worcester = $2.76M
Month First Achieved Financial Independence
- Boston = 77.75 Years (933 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 82.92 Years (995 Months)
- Lowell = 66.75 Years (801 Months)
- New Bedford = 55.67 Years (668 Months)
- Quincy = 98.92 Years (1187 Months)
- Worcester = 64.67 Years (776 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 = $54.08M
- Cambridge = $5.11M
- Fall River = $6.28M
- Lowell = $12.81M
- New Bedford = $10.31M
- Quincy = $13.72M
- Worcester = $10.39M
Month First Achieved Financial Independence
- Boston = 15.42 Years (185 Months)
- Cambridge = 78.33 Years (940 Months)
- Fall River = 53.75 Years (645 Months)
- Lowell = 39.75 Years (477 Months)
- New Bedford = 38.83 Years (466 Months)
- Quincy = 45.50 Years (546 Months)
- Worcester = 40.92 Years (491 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 = $50.15M
- Cambridge = $4.55M
- Fall River = $5.17M
- Lowell = $9.24M
- New Bedford = $7.61M
- Quincy = $9.79M
- Worcester = $7.87M
Month First Achieved Financial Independence
- Boston = 16.75 Years (201 Months)
- Cambridge = 82.75 Years (993 Months)
- Fall River = 57.00 Years (684 Months)
- Lowell = 43.75 Years (525 Months)
- New Bedford = 41.00 Years (492 Months)
- Quincy = 49.75 Years (597 Months)
- Worcester = 45.17 Years (542 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Boston = $33.13M
- Cambridge = $2.75M
- Fall River = $3.75M
- Lowell = $5.93M
- New Bedford = $5.35M
- Quincy = $5.98M
- Worcester = $5.26M
Month First Achieved Financial Independence
- Boston = 24.00 Years (288 Months)
- Cambridge = 93.75 Years (1125 Months)
- Fall River = 66.00 Years (792 Months)
- Lowell = 53.92 Years (647 Months)
- New Bedford = 49.83 Years (598 Months)
- Quincy = 61.67 Years (740 Months)
- Worcester = 54.75 Years (657 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 = $42.49M
- Cambridge = $4.33M
- Fall River = $4.35M
- Lowell = $7.45M
- New Bedford = $6.32M
- Quincy = $8.07M
- Worcester = $6.37M
Month First Achieved Financial Independence
- Boston = 19.75 Years (237 Months)
- Cambridge = 85.58 Years (1027 Months)
- Fall River = 63.42 Years (761 Months)
- Lowell = 48.75 Years (585 Months)
- New Bedford = 46.50 Years (558 Months)
- Quincy = 54.75 Years (657 Months)
- Worcester = 50.17 Years (602 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 = $50.82M
- Cambridge = $8.16M
- Fall River = $6.45M
- Lowell = $10.43M
- New Bedford = $8.73M
- Quincy = $12.42M
- Worcester = $8.73M
Month First Achieved Financial Independence
- Boston = 16.75 Years (201 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 56.75 Years (681 Months)
- Lowell = 44.58 Years (535 Months)
- New Bedford = 43.75 Years (525 Months)
- Quincy = 47.75 Years (573 Months)
- Worcester = 46.00 Years (552 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 = $31.55M
- Cambridge = $4.19M
- Fall River = $4.34M
- Lowell = $7.53M
- New Bedford = $7.09M
- Quincy = $7.39M
- Worcester = $6.39M
Month First Achieved Financial Independence
- Boston = 23.75 Years (285 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 63.75 Years (765 Months)
- Lowell = 48.75 Years (585 Months)
- New Bedford = 45.83 Years (550 Months)
- Quincy = 56.75 Years (681 Months)
- Worcester = 49.75 Years (597 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 = $40.71M
- Cambridge = $4.19M
- Fall River = $4.14M
- Lowell = $6.86M
- New Bedford = $5.92M
- Quincy = $7.13M
- Worcester = $5.82M
Month First Achieved Financial Independence
- Boston = 19.92 Years (239 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 58.42 Years (701 Months)
- Lowell = 48.08 Years (577 Months)
- New Bedford = 45.50 Years (546 Months)
- Quincy = 54.75 Years (657 Months)
- Worcester = 49.08 Years (589 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Boston = $40.71M
- Cambridge = $4.19M
- Fall River = $4.14M
- Lowell = $6.86M
- New Bedford = $5.92M
- Quincy = $7.13M
- Worcester = $5.82M
Month First Achieved Financial Independence
- Boston = 19.92 Years (239 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 63.83 Years (766 Months)
- Lowell = 51.33 Years (616 Months)
- New Bedford = 47.92 Years (575 Months)
- Quincy = 57.75 Years (693 Months)
- Worcester = 52.75 Years (633 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 = $32.57M
- Cambridge = $4.18M
- Fall River = $3.71M
- Lowell = $5.88M
- New Bedford = $5.39M
- Quincy = $6.31M
- Worcester = $5.08M
Month First Achieved Financial Independence
- Boston = 26.75 Years (321 Months)
- Cambridge = 85.92 Years (1031 Months)
- Fall River = 71.75 Years (861 Months)
- Lowell = 56.17 Years (674 Months)
- New Bedford = 52.67 Years (632 Months)
- Quincy = 65.67 Years (788 Months)
- Worcester = 57.75 Years (693 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 = $6.19M
- Cambridge = $5.34M
- Fall River = $4.06M
- Lowell = $4.69M
- New Bedford = $4.68M
- Quincy = $4.67M
- Worcester = $4.51M
Month First Achieved Financial Independence
- Boston = 42.67 Years (512 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 57.83 Years (694 Months)
- Lowell = 50.17 Years (602 Months)
- New Bedford = 45.50 Years (546 Months)
- Quincy = 58.33 Years (700 Months)
- Worcester = 49.75 Years (597 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 = $43.60M
- Cambridge = $4.37M
- Fall River = $4.56M
- Lowell = $7.76M
- New Bedford = $6.60M
- Quincy = $8.30M
- Worcester = $6.52M
Month First Achieved Financial Independence
- Boston = 18.75 Years (225 Months)
- Cambridge = 85.58 Years (1027 Months)
- Fall River = 63.33 Years (760 Months)
- Lowell = 48.33 Years (580 Months)
- New Bedford = 46.75 Years (561 Months)
- Quincy = 54.75 Years (657 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 = $40.71M
- Cambridge = $4.19M
- Fall River = $4.14M
- Lowell = $6.86M
- New Bedford = $5.92M
- Quincy = $7.13M
- Worcester = $5.82M
Month First Achieved Financial Independence
- Boston = 19.92 Years (239 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 63.17 Years (758 Months)
- Lowell = 51.33 Years (616 Months)
- New Bedford = 44.92 Years (539 Months)
- Quincy = 57.75 Years (693 Months)
- Worcester = 52.33 Years (628 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 = $14.12M
- Cambridge = $4.19M
- Fall River = $4.29M
- Lowell = $6.05M
- New Bedford = $5.54M
- Quincy = $6.45M
- Worcester = $5.46M
Month First Achieved Financial Independence
- Boston = 30.75 Years (369 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 52.33 Years (628 Months)
- Lowell = 42.67 Years (512 Months)
- New Bedford = 38.92 Years (467 Months)
- Quincy = 48.50 Years (582 Months)
- Worcester = 43.67 Years (524 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 = $33.80M
- Cambridge = $4.19M
- Fall River = $4.21M
- Lowell = $7.33M
- New Bedford = $6.86M
- Quincy = $7.42M
- Worcester = $6.21M
Month First Achieved Financial Independence
- Boston = 23.75 Years (285 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 65.75 Years (789 Months)
- Lowell = 49.33 Years (592 Months)
- New Bedford = 46.83 Years (562 Months)
- Quincy = 56.75 Years (681 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 = $43.38M
- Cambridge = $4.27M
- Fall River = $4.47M
- Lowell = $7.33M
- New Bedford = $6.24M
- Quincy = $7.68M
- Worcester = $6.25M
Month First Achieved Financial Independence
- Boston = 19.42 Years (233 Months)
- Cambridge = 85.75 Years (1029 Months)
- Fall River = 61.75 Years (741 Months)
- Lowell = 50.75 Years (609 Months)
- New Bedford = 46.75 Years (561 Months)
- Quincy = 56.75 Years (681 Months)
- Worcester = 50.92 Years (611 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 = $38.45M
- Cambridge = $4.05M
- Fall River = $3.92M
- Lowell = $6.27M
- New Bedford = $5.57M
- Quincy = $6.63M
- Worcester = $5.46M
Month First Achieved Financial Independence
- Boston = 21.75 Years (261 Months)
- Cambridge = 86.00 Years (1032 Months)
- Fall River = 65.75 Years (789 Months)
- Lowell = 53.17 Years (638 Months)
- New Bedford = 47.75 Years (573 Months)
- Quincy = 59.50 Years (714 Months)
- Worcester = 53.58 Years (643 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 = $40.71M
- Cambridge = $4.19M
- Fall River = $4.08M
- Lowell = $6.97M
- New Bedford = $6.29M
- Quincy = $7.14M
- Worcester = $5.92M
Month First Achieved Financial Independence
- Boston = 19.92 Years (239 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 62.33 Years (748 Months)
- Lowell = 43.25 Years (519 Months)
- New Bedford = 41.33 Years (496 Months)
- Quincy = 50.58 Years (607 Months)
- Worcester = 45.83 Years (550 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 = $29.33M
- Cambridge = $3.84M
- Fall River = $3.39M
- Lowell = $5.19M
- New Bedford = $4.79M
- Quincy = $5.38M
- Worcester = $4.51M
Month First Achieved Financial Independence
- Boston = 27.83 Years (334 Months)
- Cambridge = 88.83 Years (1066 Months)
- Fall River = 71.50 Years (858 Months)
- Lowell = 58.50 Years (702 Months)
- New Bedford = 53.33 Years (640 Months)
- Quincy = 67.17 Years (806 Months)
- Worcester = 60.17 Years (722 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 = $44.19M
- Cambridge = $4.49M
- Fall River = $4.86M
- Lowell = $8.58M
- New Bedford = $7.18M
- Quincy = $9.02M
- Worcester = $7.15M
Month First Achieved Financial Independence
- Boston = 17.92 Years (215 Months)
- Cambridge = 85.33 Years (1024 Months)
- Fall River = 61.75 Years (741 Months)
- Lowell = 46.75 Years (561 Months)
- New Bedford = 45.25 Years (543 Months)
- Quincy = 53.75 Years (645 Months)
- Worcester = 49.75 Years (597 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 = $44.22M
- Cambridge = $4.47M
- Fall River = $4.73M
- Lowell = $8.09M
- New Bedford = $6.87M
- Quincy = $8.80M
- Worcester = $6.75M
Month First Achieved Financial Independence
- Boston = 18.33 Years (220 Months)
- Cambridge = 85.33 Years (1024 Months)
- Fall River = 61.75 Years (741 Months)
- Lowell = 47.75 Years (573 Months)
- New Bedford = 45.75 Years (549 Months)
- Quincy = 53.75 Years (645 Months)
- Worcester = 50.25 Years (603 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 = $5.58M
- 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 = $19.67M
- Cambridge = $3.66M
- Fall River = $4.14M
- Lowell = $6.47M
- New Bedford = $6.05M
- Quincy = $6.33M
- Worcester = $5.70M
Month First Achieved Financial Independence
- Boston = 28.75 Years (345 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 67.83 Years (814 Months)
- Lowell = 52.58 Years (631 Months)
- New Bedford = 49.92 Years (599 Months)
- Quincy = 60.75 Years (729 Months)
- Worcester = 54.33 Years (652 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 = $23.59M
- Cambridge = $3.50M
- Fall River = $3.94M
- Lowell = $6.05M
- New Bedford = $5.47M
- Quincy = $5.97M
- Worcester = $5.34M
Month First Achieved Financial Independence
- Boston = 27.75 Years (333 Months)
- Cambridge = 0.00 Years (0 Months)
- Fall River = 69.75 Years (837 Months)
- Lowell = 55.75 Years (669 Months)
- New Bedford = 53.75 Years (645 Months)
- Quincy = 64.75 Years (777 Months)
- Worcester = 57.75 Years (693 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 = $40.00M
- Cambridge = $4.19M
- Fall River = $4.10M
- Lowell = $7.10M
- New Bedford = $6.31M
- Quincy = $7.23M
- Worcester = $5.98M
Month First Achieved Financial Independence
- Boston = 19.58 Years (235 Months)
- Cambridge = 85.83 Years (1030 Months)
- Fall River = 62.33 Years (748 Months)
- Lowell = 47.67 Years (572 Months)
- New Bedford = 45.75 Years (549 Months)
- Quincy = 54.75 Years (657 Months)
- Worcester = 48.08 Years (577 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.
- 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.
- 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.
- 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.
- 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™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- .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% 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.
- 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™ 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.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- 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.
- 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).
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Detailed Massachusetts City-Specific Modeling
Check out the detailed modeling for these Massachusetts cities.
Boston
Cambridge
Fall River
Lowell
New Bedford
Quincy
Worcester