Just Getting Started from Eastern MA - Local or Remote?

[William Sullivan]

Hey Everyone,

My name's Will, and I'm just getting started investing in real estate.  I've read several books by the BP founders and I'm ready to get involved. 

My goal is to start simple by focusing on cash-flow.  I'm thinking a turn-key investment in a reasonable neighborhood.

If I invest near Boston, I plan to spend $400k+ on a multi-unit property with an FHA 30 Year loan. But, I'm worried I'll pigeonhole myself with the 96.5% LTV. So, I'm considering investing remote in a less expensive $140k- property with a standard 30 year loan at 80% LTV.

From what I can gather, I'll be trading cash-flow for some additional risk tolerance.  

BP has already been a fantastic resource, thank you!

Will

[Charlie MacPherson]

@William Sullivan I run a fledgling REIA in Norwell - 2nd Tuesday of the month. Watch the "Events" section.

The Plymouth thing yesterday was just an informal time to talk with a new investor, which I'm up for any time!