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Updated over 11 years ago on . Most recent reply
![Jami Rahman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/156543/1621420003-avatar-jaminjami.jpg?twic=v1/output=image/cover=128x128&v=2)
Help With First Rental Property Investment
Hi Everyone!
So I am a recent grad working in the pharmaceutical industry. I wanted to begin investing in a rental property near or around Boston. I am looking to invest with $100,000 down payment for a apartment/condo/multi-family house ranging from $250,000 to $400,000. I am planning to use a property management company (I believe that will cost about 10% of my monthly rent). Although I am just a beginner starting out, I am very committed and financially smart. But I had some questions for everyone here, hoping to get some help from some experts and kind investors.
Can you please provide some scenarios (with my given criteria) where I can expect to earn at least some positive cash flow from renting out a place while paying off the mortgage?
Where can I look to invest in a whole apartment building (6+ Units) with one or two other people near Boston? Is this a good idea in your opinion?
Perhaps Boston isn't the right place to start with my first rental property investment....the prices are quite high (as you'd expect). What other growing cities/towns are worth looking into? I would prefer college towns. Is Manchester,NH a good place to invest in?
Any other advice or resources would be much appreciated.
Thank you all so much for your help and support, I am really excited to learn from everyone here. And trust me, I won't close a deal or finalize anything without the proper research and acquiring various opinions :)
Kind regards,
Jami
Most Popular Reply
![Ali Boone's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/119854/1651823309-avatar-aliboone.jpg?twic=v1/output=image/crop=378x378@49x10/cover=128x128&v=2)
Whatever you do, make sure whatever it is you want to buy is going to produce positive cash flow! Boston is expensive, so don't fall into the trap of buying what seems like it is a good deal (i.e. something that looks like it will appreciate). Make sure there are hard numbers showing that you should expect a nice margin of positive cash flow each month!