23 and looking to start out with a multi-family in Massachusetts

[Matthew Catanzariti]

Thanks in advance for any replies. 

I'm 23 and I currently live in Massachusetts on the north shore (generally an expensive area). I have about 30k that I'd like to invest into a multi family property. Ideally I would like to owner occupy a minimum of a 3 family. Is there any way with this amount of money? Everything I see is generally 500k+ and I don't see the as something I could handle.. Do I wait and save more money or could I make it work?!

[Robbie Reutzel]

Welcome Matthew. 

This is a great place to get your questions answered. I would suggest starting with the Ultimate Beginner's Guide and the No Money Down book. You should also listen to the podcasts. 

You should also attend two REIAs regularly. Mike Hurney runs one you can also attend Black Diamond in Waltham and/or the NEREIA in Chelmsford. 

As far as 3 families for less than $500K they can definitely be found but it depends on where you are willing to owner-occupy.  Places like Lowell and Methuen have many options and you can also find them in Lynn, Revere, Everett and Malden. 

I am a broker in Winchester and have helped several clients do the same thing you are trying to do. I have access to deals on and off the MLS.

PM me when you are ready to see some options. I am happy to show them to you. 

Best of luck,

Rob