New Investor Worcester, MA

[Samuel North]

Hi BP,

My name is Sam. I am a 25 year old born and raised in the greater boston area. I'm just getting started and I’ve been trying to absorb as much information as possible, books, podcasts, blogs etc. 

My plan is to start with a buy and hold method with small multi family properties. I have spent some time scanning through the Worcester, MA market, and think it may be a good fit for me.

I have been analyzing deals, but seem to be stuck on this hypothetical situation. Currently I am renting, but have ~$30k of my own money to work with. I am not sure whether or not I should wait until my lease is up (in 10 months) to purchase a property and house hack with a low down payment using a FHA loan, or use a higher down payment and a conventional loan in the meantime and rent out the all units. Any advice would be greatly appreciated!

Are there certain Worcester neighborhoods/suburbs that you prefer or avoid investing in?

Would love to talk to anyone about their story or any pros and cons they have come across investing in this area!