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Updated 7 months ago, 04/19/2024

User Stats

89
Posts
28
Votes
Derek Morrison
Pro Member
  • Rental Property Investor
  • Marshfield, MA
28
Votes |
89
Posts

What Would you Do?

Derek Morrison
Pro Member
  • Rental Property Investor
  • Marshfield, MA
Posted

How possible is it to get started in 2024? I have about 15k liquid cash and live in MA. I'm looking at properties here (basically anything east of worcester and within an hour of Boston. Pretty much everything I've looked at either:

A) doesn't cash flow for about 15 years

B) would cash flow if you bought it with cash, but at that point you could get much better returns investing that money elsewhere

Even looking at house hacking it seems that the savings on rent (about 2.5k/month median) are outweighed by the significantly higher cost of purchasing property. Anyone have any firsthand take on this?

  • Derek Morrison
  • Loading replies...