Looking into Breaking into House Hacking (Greater Boston Area)

[Charles Murphy]

Hi everyone,

I'm new to the game, but have been reading the house hacking strategy book by Craig Curelop, and I believe that type of Real Estate investment would be my best option at the moment. I currently enjoy my day to day role as I work in a entry level sales role in Boston for a great company. But my dream has always been to get into real estate for the financial freedom qualities. I would not mind living in a property with roommates using the FHA loan for the first year, but Boston is currently a high price market. I'm trying to be as realistic as possible to know if this feasible. I've currently been looking at Dorchester and East Boston and would love any tips/advice for someone looking to break into real estate investing. Any comments would be appreciated for starting in a high market area!

Thanks in advance! 

[Nick Riccio]

Hi @Charles Murphy congrats on getting started! I started house hacking in Boston a few years ago and have successfully used this strategy to 6 units now. It is absolutely the best strategy to get started and I'm glad to hear you're working through it!

The neighborhoods you mention are great starting point - East Boston at this point will be very difficult, but that's not to say opportunity is not out there. I started there in 2017 and absolutely love the neighborhood.

My advice would be to identify your personal budget - and then start closing in on neighborhoods. Once you know a budget, you can really spend time learning the neighborhood.

Happy to help with any additional questions- again, congrats on getting started!