New member from Boston!

[Michael Rinaldi]

Hi BiggerPockets community!

I stumbled upon this website reading about multi-family investing and I haven't gone anywhere else since! What a wealth of information available here.

My name is Mike Rinaldi and I am a 21 year-old undergraduate student at Northeastern University. I currently work as an intern at Ernst & Young, LLP and get my real estate crave from my mother, who is a realtor back home in Connecticut. I am currently enrolled at a local real estate school with the hopes of getting my license by the summer.

My goal is to eventually (5-7 years) own a portfolio of multi-family homes in the Boston area. To start, I want to use a FHA loan in order to move into a multi-family home (preferably 3-4 units) that I can live in as well as rent out by the end of next summer.

I look forward to interacting with all of you, and thank you for your hospitality. If any of you are in the Boston area, I'd love to interact!

[Georges A.]

Welcome to BP @Michael Rinaldi ! I am based in Boston as well. All I can say is for what you're trying to do run the numbers first. Use the 50% rule on the properties and report back. Haven't had much luck investing in MFs in Boston as the rent income isn't enough to account for the mortgage due to the high prices of the MFs.

Don't let me discourage you though, just make sure you listen to all the podcasts and know how to run the numbers before making any offers