Starting as a new investor in an expensive area

[Nick Sadler]

Hi All,

I've been lurking and reading for a little while now, so wanted to just post some questions I had to see if anyone has opinions that they'd be willing to share. I'm in the Seacoast region of New Hampshire, and real estate is very expensive, so as a first time home buyer/hopeful real estate investor it's pretty daunting. I like the "house hacking" idea that I've read here at BP and in other places quite a bit, but even as I've been doing the math for that strategy and others, the high prices seem to really make starting out in such an expensive area awfully difficult. Do I need to adjust my expectations? Work extra hard to find the right deal? Curious how others have dealt with starting out their investment journey in a really expensive area. Thanks a lot! Looking forward to hearing your thoughts

[Mitch Hartford]

I know this will most likely be unpopular, but, as a guy who has lost everything trying to push too hard in the past, I would suggest earning and saving more until we are certain the market is not going to correct or has had the correction. Just my 2 cents. Good luck!