Do I buy the old family house?

[Orion Bukantis]

Hi guys,

I've been meaning to get into real estate for almost a decade. I wanted to buy a house in Seattle in 2012, but gave up when I couldn't find a co-signer. Oops. Then I got distracted building my little tech company.

Now I want to finally get started in real estate. I have some experience being a semi-landlord in Seattle, renting out the other rooms in the house I've been renting. I definitely have some relevant experience from growing and running my company, in managing people, finances, negotiation, and marketing.

I had been looking at stuff in Seattle and where my parents live in Montana, but now all of a sudden my grandpa is selling what was my great grandpa's house in Massachusetts. It definitely has a lot of sentimental value. My great grandpa built the house, and both me and my dad had been visiting it my whole life.

I would definitely like to buy the house just for the sentimental value, but I also don't want to derail myself financially. If I buy this house, it would make buying anything else a lot more difficult for a while. But I don't know the market in Massachusetts, I don't know how much I could rent for or how difficult it would be to find tenants.

So I would love to hear opinions from you guys on what would make this a good deal, with your impartial opinions. Thanks!

https://www.zillow.com/homedet...