Newbie looking to house hack a MFH in the greater Boston area..

[Linda Tong]

Hello everyone,

I am a newbie and this is my very first BP post! I'm currently living in the greater Boston area and I am hoping to house hack a multifamily property as I start this journey. I've analyzed some deals in the area and the numbers just don't look viable. I know Greater Boston is a very tough market, but I figured as a complete newbie trying to learn the ropes I should probably invest in a familiar market/nearby instead of going long distance. I have a high credit score (800+) and I understand that I should be able to get an FHA loan if I live in this property. Should I give my home base a shot or would I be better off looking elsewhere more affordable? Any advice on somehow making this work as the 1st property given the market conditions in the boston metro is greatly appreciated!

Thank you!

Linda

[Linda Tong]

Quote from @Dave Skow:

@Linda Tong- thanks - get formally pre approved using whatever hypotehtical scenario you want to use ...once pre approved - look for opportunities ...if you cant locate anything that makes sense close to Boston - then start  looking outside oi the city - good luck

 Thank you!