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Updated almost 4 years ago,
New to Real Estate: How to approach expensive markets?
Hi,
I'm just finishing up my degree in accounting and start work this Fall, and I recently discovered BiggerPockets and it's convinced me that Real Estate is the path I want to take to financial freedom and an early retirement.
As an absolute newbie, I am a bit overwhelmed, but am trying to prioritize reading and familiarizing myself with all the jargon, strategies, and steps to take. I am living in the Boston area, and think I'd like to settle down here. I thought house hacking with an FHA loan might be a good place to start, but Boston is such an expensive market. What are some things a newbie in an expensive market should consider? What other strategies would you recommend to someone like me? Lastly, what other things should I be familiarizing myself with as I anticipate my first deal/purchase?
Thanks!
- A noob