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Updated over 4 years ago on . Most recent reply

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4
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3
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Steve Pizzarella
  • Real Estate Agent
  • Boston, MA
3
Votes |
4
Posts

Live in Massachusetts. New to real estate, looking to invest 40k

Steve Pizzarella
  • Real Estate Agent
  • Boston, MA
Posted

Looking to invest in Real estate. I’m 23 years old and have about 40k to invest. Any tips on where I should start? I live in Massachusetts, where real estate prices are fairly high. Thanks I’m advance.

Most Popular Reply

User Stats

632
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545
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Dan Weber
  • Realtor
  • Portland, ME
545
Votes |
632
Posts
Dan Weber
  • Realtor
  • Portland, ME
Replied

Get pre-approved/pre-qualified to find out how much you qualify for, go for an owner-occupied FHA loan for 3.5% down, stay within your budget for downpayment, closing costs and reserves, look in the suburbs of Boston where multi's are more reasonably priced (along the 495 belt).

  • Dan Weber

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