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Updated over 2 years ago,

User Stats

6
Posts
2
Votes
Enrico Bertini
2
Votes |
6
Posts

Starting out, what are my best options?

Enrico Bertini
Posted

Hi, I am really attracted by the idea of investing in RE but I am uncertain which way to go. Here is a summary of my situation and constraints.

- Just moved to Brookline, MA where I am renting. Properties are really expensive here
- I have some small amount stashed away I'd like to use to get started (in the order of a few 10k)
- I am considering two options: house hacking or short-term rental properties nearby (including NH and ME)

House hacking seems hard because we do not want to move to a different area and properties are quite expensive around here. We are also a family of 5, which means we would need to find a pretty big property in order to have a duplex. But maybe not impossible?

Regarding STR properties, I like the idea to find a nice area around here and rent it on AirBnB. It seems more doable to me because the amounts are much smaller.

As a side note, I am not planning to make RE investing my main occupation. I have a good job and I am happy with it but I would be excited to start in RE.

What advice do you have for me?

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