Boston investors...is there any room in this area to start?

[Kate Robb]

Hi everyone! I'm a newbie here and in the RE investing world. I'm right outside of Boston, and as I'm sure you know, things are very pricey here with limited inventory. Is there really any room for a new investor to start here? Should I go somewhere else? Look forward to reading your input, thanks!

[John White]

@Kate Robb 

Have you considered purchasing a two (or more) family to occupy as your primary residence and rent out the other units? I don't know what your financial situation is, but that would require only 3.5% down on an FHA loan. It gives you tremendous flexibility, and puts you in a position of tenants contributing (depending upon where you are...significantly contributing) to your mortgage payments. It's certainly not going to happen in places like Watertown, Newton, Waltham, or most other places very close to the city. That said, if you're receptive to moving (and staying in the same general area) that could be an option for you.