Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago,

User Stats

3
Posts
1
Votes
Harry James
  • Boston, MA
1
Votes |
3
Posts

How to scale in expensive market?

Harry James
  • Boston, MA
Posted

Hello,

HELP NEEDED -- My name is Harry James and I am a new real estate investor. I have the real estate "bug" and I have spent the last 3 months evaluating my local market and learning everything I can about real estate investing. 

Here is my challenge: I live in Massachusetts and a large majority of the properties I have found (zillow) are between 200-300k. My challenge is scaling a real estate business when you have to shell out 25% on an investment property. I have spent the last 3/4 years saving to get the 80k needed for a down payment but I don't see how this approach is scale-able if I have to wait another 3 years to save up for another purchase. 

Soooo what I am considering is... Do I invest 300k into a turn key duplex in Worchester that cashflows $800 a month as my first investment or do I try and find a BRRR property with no experience in demo's/construction where I can recoup my down payment and do it again.

I am sure y'all real estate wizards have some awesome advice. 

I appreciate this community and I am all ears. 

Thanks you. 

Loading replies...