Newbie Investor from Boston

[Ryan Drowne]

Hello all at BP!

My name is Ryan Drowne and I am new to the real estate investing industry, seeking to gain as much knowledge as possible in order to be successful. I currently reside in Boston doing sales in the e-commerce sector and have decided to take the plunge into real estate investing ever since I had the pleasure of reading "Rich Dad Poor Dad". My focus is on purchasing multi-family homes in the Boston area using a buy and hold strategy to develop continual passive income. I plan on purchasing my first duplex after my lease is up and using the house hacking strategy to get my feet wet. Thoughts on this? I stumbled upon BiggerPockets one day while looking for new information and couldn't be happier! I look forward to being a part of this awesome community and working together towards the goal of financial freedom.

[Farouk El Khatib]

@Ryan Drowne I'm in the same boat as you! I'm looking to buy my first multifamily once my lease is up in April which will also give me some time to save some more money and educate myself some more. As always great advice from everyone!

I'm a big fan of books, and Rich Dad Poor Dad was next on my list. As @Paul Timmins mentioned The Book on Estimating Rehab Costs will really help new (and more experienced investors as well) investors get an idea of what repairs and renovations will cost. And since your strategy is buy & hold, which is my strategy as well, I recommend Brandon Turner's book "Rental Property Investing: How to create wealth and passive income through smart buy & hold real estate investing" and David Schumacher's "Buy and Hold forever".

Feel free to reach out anytime and maybe we can grab a cup of coffee and talk more.

Happy investing!

Farouk