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Updated almost 9 years ago on . Most recent reply

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3
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Rocio Palomo
  • Waltham, MA
2
Votes |
3
Posts

New to BP and Looking to buy a multi family in Boston metro area

Rocio Palomo
  • Waltham, MA
Posted

Hello,

I am looking for advice from people on how to break into the MF market in the metro Boston area. I am looking for sub 700k 2 or 3 family where I could be cash flow positive or at least neutral. It is so tough in this area as MF's go so quickly and there is little on the market, but I know I want to break into real estate this way. I am intending to live in 1 unit and rent the other to start out. I figure this is a good long-term strategy for a young professional who lives alone with no real need for the space that I could get from a single family. I have read in a few forums that people recommend REIA meetings, how do I go about getting on those mailing lists? I would love any advice from people who own multiple MF's in the area (mostly been looking in Waltham, Medford but open) or wholesalers. I am really eager to learn and appreciate any guidance people can provide. Thanks in advance and I love this site so far.

Most Popular Reply

User Stats

3
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2
Votes
Rocio Palomo
  • Waltham, MA
2
Votes |
3
Posts
Rocio Palomo
  • Waltham, MA
Replied

Thank you @Shaun Reilly that is really good advice and I will make sure to listen to podcasts etc. I am planning on going to Black Diamond this month. Also, it is good to get an idea of what is not likely here in MA as prices are so high and get a more realistic situation. I appreciate the advice. 

Thanks @Derreck Wells will do. 

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