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Updated over 8 years ago on . Most recent reply

User Stats

112
Posts
63
Votes
Andrew Beaver
  • Malden, MA
63
Votes |
112
Posts

Greetings from new investor out of Boston, MA

Andrew Beaver
  • Malden, MA
Posted
Greetings everyone, I'm excited to join the BP community. Over the short course of me signing up for BP, I've been watching, reading, and learning from all of you exceptional people and I'm very thankful for such a community of helpful individuals. I'm a new investor looking to owner-occupy a multifamily (2-3 unit) property. I'm currently in a very aggressive debt elimination strategy to be completely debt free by 2017 (without any major bumps in the road). Areas I'm targeting (but not limited to) Chelsea, revere, Malden, Medford, melrose, Winthrop, as I believe these areas could be markets where prices have not completely skyrocketed just yet. I've been fortunate enough to meet some really real estate educated individuals through meetUp and would be very thankful to meet more either like-minded individuals looking to grow or those who would like to share strategies/help guide me in the process. Biggest hope is to understand how to efficiently assess a properties value/cash flow capabilities and negotiate with the best of them. Either way, I look forward to learning and growing with you all. Have a good day, Andrew Beaver, CPA

Most Popular Reply

User Stats

303
Posts
211
Votes
Robbie Reutzel
  • Attorney
  • Acton, MA
211
Votes |
303
Posts
Robbie Reutzel
  • Attorney
  • Acton, MA
Replied

Welcome to BP @Andrew Beaver

This is a great place to bolster your REI education. Make sure you set your keyword alerts and read the Ultimate Beginner's Guide. The Book On Flipping Houses & The Book on Estimating Rehab Costs by J. Scott are both great as well as the other titles in the BP library.

Spend some time searching the forums for topics of interest as many questions have been asked and answered numerous times.  

Finally, choose 2-3 REIAs and attend them regularly. The Black Diamond REIA hosted by @Ann Bellamy & @Nick Aalerud is great as well as the Chelmsford REIA, @Justin Silverio's quarterly meet-up and @Mike Hurney's meeting on the North Shore.  Start networking with people who have similar goals and you'll do great.

Good luck.

Rob Reutzel

  • Robbie Reutzel
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