22yo New Investor looking to start in Boston area

[Garrett Pfau]

Hello BiggerPockets,

I recently moved from my hometown of Kansas City to Boston to pursue a consulting career post-undergrad. As I began evaluating housing options for when my lease ends in August, I slowly fell into an internet rabbit hole that took me from looking at renting a single room, to buying a house and renting the spare room(s), to debating a live-in duplex/triplex investment, all in the name of getting my monthly housing expenses down (and maybe even turned into a monthly housing income?).

Compared to the market in my hometown, prices in the Boston area are dramatically higher, especially for a first-time buyer. As such, I believe my first priority is to research and understand what sort of low-money-down financing I can source for this first investment (FHA 203K has come up). I'm also curious to learn about any other sort of private and/or alternative financing that may work well with my scenario.

While I don't yet know what my 10-, or even 5-year plan is, the idea of pursuing REI as an escape from the "rat race" is very appealing to me. Even if it just allows me to pursue a career I find more enjoyable at the sacrifice of a corporate salary, it'll be a huge win for my long-term quality-of-life.

Looking forward to learning more!

[Ricky Beliveau]

Welcome to Boston! I purchased my first 3 family property when I was 22 using FHA and it was the start of what has grown into Volnay Capital. Feel free to reach out directly. Always happy to help people get the ball rolling.