Hello from the Boston area

[Abhayjit Singh]

Hi all! My name is Abhayjit and I'm currently living in the Boston area, though originally from the midwest. I have no experience with real estate looking to get started! I have heard great things about this community and I hope I can learn from more experienced investors.

Cheers,

Abhayjit

[Keith Anderson]

Abhayjit Singh

I'm based in Boston and started investing a year ago after about a year and a half of research.

I bought two properties from a turnkey operator in Chicago last year and am under contract on a 3rd property in FL.

There are no "turnkey" providers locally -- that is, firms providing recently renovated properties with a tenant already in place and ongoing property management. The market just doesn't lend itself to that model.

Locally, I find most investors are house hacking (living in one unit of a multi-family) flipping single family homes or doing condo conversions, or doing buy and hold investing within a 2-3 hour drive in areas like RI, CT, and VT.

Check out the blogs of @Justin Silverio or Shaun Reilly to get a sense for what some of the active, local investors are doing, and consider attending some of the local REIA meetings.

I'm still actively searching for local deals, but the competition is more intense and the capital requirements are higher. And if you plan to buy locally, you may have to define success a little differently than the cookie-cutter cash flow mantra you hear on BP.