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Updated over 4 years ago on . Most recent reply

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James Walsh
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8
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Newbie in New England (looking to connect)

James Walsh
Posted

Hey BP family, 

I'm new to the world of investing and currently in the "Paralysis by Analysis" stage. I've done some research but due to the shutdown have found myself at a stand still and curious what more experienced investors think of the current climate and if there is anyone actively pursuing the path I hope to start on soon. 

My girlfriend and I are from Massachusetts and are currently looking at house hacking a multi-family somewhere nearby and the longer term goal is buy-and-hold. We both work mostly remotely so we're flexible with where to go but would like to stay in the MA/Southern NH area if possible. 

We have a decent savings, both have good credit, and this would be our first property. 

Questions

What do experienced locals think of the current housing market in the area? What are your plans for the coming 6-12 months? 

Is investing in 2-4 unit houses worthwhile around here or is there a better market for single family? 

What area's do you invest in locally and why? The diversity is huge in such a small area. 

Thanks All! 

Most Popular Reply

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Replied

I am in Northeastern Connecticut close to UCONN and Eastern Connecticut University.  I am also a complete newbie.  I have about $50,000 equity in my primary residence that I want to invest.  I love that you want to house hack.  I would love to do that but it would be hard since we have three kids under 10 years old.  I am thinking of investing in single family homes or multifamily.  I am making small goals daily.  Today I reached out to a real estate investor and joined some facebook groups.  Good luck!

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