Looking for advice on BRRRR

[Marietou P.]

I am somewhat new to real estate. I have been reading, researching, and trying things for a couple of years. I got lucky with some tax properties and bought a property that's currently being rented on my own. I then wanted to start doing rehab in Atlanta, but this was during the pandemic when it was very difficult to find something at a reasonable price and time.

Now, I am in Boston and looking into learning about BRRRR under someone who is well-experienced. Ideally, I would follow them to learn, then hopefully do my own.

Alternatively, rent is expensive in Boston, and I am looking to buy my own property to house hack. I would like to get a multifamily or large SFH with a basement. Ideally, the property would not need too much repair, buying at or below 400k with 200k or less repair. However, I am not sure how feasible it is. I am a little scared because I have seen people's rehab journey fail entirely because of issues with contractors. I have a lot of uncertainties/unknowns, and I hope to get some feedback and advice from the community. My target areas are Dorchester, Roxbury, and Chelsea.

I have seen a couple of listings in person, and I was worried that the repair cost would be astronomical. They were essentially complete gut jobs.

Do you think what I want to do is feasible in Boston at my price range? Do you have any advice?