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Updated over 2 years ago on . Most recent reply

User Stats

16
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14
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Logan French
  • New to Real Estate
  • Boston, MA
14
Votes |
16
Posts

Where to Purchase First Rental Property

Logan French
  • New to Real Estate
  • Boston, MA
Posted

Hello,

My wife and I just moved to Boston, MA and we are looking to start investing in real estate soon. From what I have been told so far, it seems like it difficult for new investors with limited starting capital to be able to purchase a cash flowing property in or around the Boston market, and I have been told that MA is not a landlord friendly state. This leads me to think I might should invest OOS. I am originally from Arkansas and the lived in Memphis, TN for some time, and I know it would be easier to cash flow in those markets. However, everyone I have spoken with has told me my first real estate investment should be local. 

I am conflicted if I should invest locally in a more challenging market for new investors, or invest in OOS markets, like AR or TN, that would be easier to cash flow. 

What are your thoughts? Also, if anyone knows of a great area around Boston, or even outside of Boston, to invest in 2-4 unit properties, I am open to any and all suggestions. Thank you! 

Most Popular Reply

User Stats

1,449
Posts
1,961
Votes
Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,961
Votes |
1,449
Posts
Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Logan French
I would definitely recommend Columbus OH. It's a solid hybrid market of cash flow and appreciation. Columbus has lots of job opportunities and population growth. I currently live and invest here in Columbus OH and would recommend it. Also, Columbus is very landlord friendly. 


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