New to Real Estate in Boston

[Wesly Bien-Aime]

Hello All, My name is Wesly and I currently live in the Boston Area. Unfortunately, my mother passed away and I inherited a small amount of money. I left a little in a portfolio (not sure its a great idea yet). However, the majority of it I would like to start real estate investing. The plan is to buy multi unit properties and rent to generate passive income. On my modest income and good credit score the big banks (chase mainly) are not pre approving me enough to afford my first property in the Greater Boston area (currently living in malden). I would like to live in the Greater Boston area however I am not tied to it. North and west of Boston are ok. With that being said, I have a couple of questions for the community. Any meet up I could join to learn more about real estate? What cities around the Boston generate decent rental income and how do you guys find this out? Lastly, Ive been hearing a lot about Fall River because the commuter rail headed there. I am curious what investors have to say about Fall River (buy and hold or buy and flip?)

[Matt Ziegler]

Westly,

Sorry to hear of your loss. I lost my mother this year also and know what a big hole that leaves. With that in mind, you should spend some time educating yourself before you make a decision. Local REI meetups/ rental property management classes, books, podcasts, or all of the above.

See if you can find someone you connect with who has done what you want to do.Lots of folks here and elsewhere willing to share knowledge and experience. Make it a team sport!

Let me know if I can be of any help, good luck, make your mother proud!