New Investor from Western Massachusetts

[Shane Clark]

Hello BiggerPockets Community,

I am a new investor from Western Massachusetts.  I have been a regular reader and listener of the BiggerPockets resources for the last 6 months and am currently viewing properties in search of my first deal.  I am interested in "House Hacking" into a multifamily unit as my wife and I both work in the public education system and don't have a ton of capital to start investing. I am highly motivated to purchase my first property by the end of June.  I have a modest (and hopefully realistic) goal of acquiring five properties over the next seven years, and ten properties over the next ten years.  I am primarily interested in buy and hold but am actively learning more about flipping and wholesaling as a way to raise capital. With my budget, most of the properties in my price range will need at least a little bit of work.  I am looking to learn as much as I can from this community and will have questions on everything from analyzing properties, potential rehab costs/concerns, working with agents/contractors and getting started as a landlord (although I do have some experience with property management). Anything I am able to learn through the BiggerPockets community in preparation for this first deal, I will be excited to share with other newbies joining this site in the future.

Thanks in advance, I look forward to learning from the expertise of this group.

    - Shane

[Matthew Forbes]

@Shane Clark

I am also a new to this world so I will share with you what I am doing to get myself educated:

• 1)Go pro – No I don’t work for BP, but you get the tools you absolutely need to be successful as a pro member hands down.

• 2)Listen to every single BP pod cast. So far I am about 110 in and it is exactly the education you need. I listen to them in order from newest to oldest regardless of the topic so I can learn about all angles of this business. It is truly amazing what you can pick up.

• 3)Take action. Get a goal and go make it happen. Without it you are guaranteed to never make it happen.

• 4)Don’t take it too seriously – it’s a lot to lean and that is why people never really get in to it.
• If you want in to this club you need to meet people in this club. Get to some REIA meetings. I suggest you look up Black Diamond in MA. They meet in Worcester.

Good luck!

Matt