Hello from Milford Mass

[Eric Hall]

Hi Everyone,

My wife and I are aspiring buy and hold investors from Milford Massachusetts. We've been lurking / studying for a while now and have read the UBG, Flipping/Estimating, and serveral of the more popular Buy+Hold/General REI books.

We've started the search, looking along the 495 corridor between the mass pike and 95. It seems that finding cashflowing properties off the MLS is going to be pretty difficult in this area (?) So we're starting to dig into other aquisition strategies.

We're still deciding whether we want to owner occupy a 2-4 plex as our first investment, or buy a distressed single family with the intent to renovate / live in, and pull equity out to fund the 1st investment property.  Also looking to learn more about possible legal advantages to investing in Rhode Island vs. Mass as we're pretty close to the border and I understand RI may be a little more 'landlord' friendly (?)

We've heard good things about Black Diamond REIs and plan to start getting involved. Any tips, advice or other networking suggestions from any locals would be more than welcome.

Looking forward to becoming part of the BP community,

-Eric and Megan

[Shaun Reilly]

Hi Eric, welcome to BP.

This is a great place to learn. Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.

This is also a great place to meet people that can be assets to your business. Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.

Besides doing that on here make sure to get out to some of the many local investor events we have. You have heard right that the Black Diamond meetings are great. There is one in Worcester and one in Waltham. Not a ton of overlap in attendance and they have different topics and speakers so given they are both about equidistant from you I'd say try to go to both. They are also probably the 2 closest ones too, so that works out for you. :) After those the next closest is probably the Eastern Mass REIA in Taunton. And if you are interested in possibly looking in RI you can check out the RIREIG meeting in Warwick Rhode Island, which actually is probably closer to you than anything else other than the Black Diamond meetings too.