New to REI & BP - Boston seems like an anomaly!

[Nick Cecchini]

I found out about BP about a month ago and since have gone back to 2013 and gave myself a crash course with the podcast (which has been incredibly useful!)

I’ve been tracking the Boston market in preparation for my second property for about a year now, and it seems that all of the rules and calculations divulged by podcast guests (the 2% rule / don’t invest in a multi unless it’s cash flow positive) would NEVER apply in the greater Boston area. For example, 2 family homes in my area (not renovated at all) go for 800,000 and would only net around 5,000 max for total rent.

I would love to hear from some fellow investors in the Boston area (who didn’t start off with millions in capital) to learn how you got started. If anyone would be open to connecting, that would be great!