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Updated 4 months ago on . Most recent reply

User Stats

4
Posts
3
Votes
Eddie Miretsky
3
Votes |
4
Posts

New to REI, looking for support in starting out within the New England area.

Eddie Miretsky
Posted

Hi Investors,

My name is Eddie and as mentioned I'm looking to get into REI. I'm actively thinking about my target areas and possible deals, but would really appreciate if there were any groups or mentors available interested in discussing the ins and outs of favorable market locations, financing, ideal type of investments and getting that elusive First Purchase!

I have questions such as, should I really be looking at my home state, or can I expand to surrounding states as long as it's drivable?

Is it recommended to start with a SFH or is it manageable to begin with a Multi unit home or complex?

If some funds are available, is the standard 25% down 30 yr fixed loan optimal or would you recommend different financing?

And many more...

Look forward to hearing back and hopefully meeting some like-minded individuals to bounce ideas off of!

Thanks,

Eddi

  • Eddie Miretsky
  • Most Popular Reply

    User Stats

    315
    Posts
    272
    Votes
    Daniel McDonald
    • Real Estate Agent
    • Beverly, MA
    272
    Votes |
    315
    Posts
    Daniel McDonald
    • Real Estate Agent
    • Beverly, MA
    Replied

    Hey @Eddie Miretsky, I am in MA myself, but in the Northshore area. @Andrew Freed has a great meetup in Worcester you should attend. I am a big believer that someone should start by investing in their own backyard, but seeing as MA is very expensive, you may opt for somewhere else. 

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