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Updated over 6 years ago on . Most recent reply

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Doug Danoff
  • Malden, MA
4
Votes |
14
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Greetings from North of Boston Massachusetts

Doug Danoff
  • Malden, MA
Posted

What an amazing community!  

I'm an early retiree from the technology industry starting to dabble in real estate north of Boston.  I'm not super wealthy, but I do have some spoils of the trade to play with.

I live in Malden, and have been educating myself to get into flips and rentals (loving BRRRR) in the area (Melrose, Medford, Malden, Everett, Saugus, Lynn, Stoneham, Reading, Woburn, etc.).

I have never officially invested in real estate, but I have owned first and second homes for many moons, and they have been good to me so far.

I've learned enough in my studies to know that real estate investment in this area and time is far from a no-brainer.  Multi-families barely break even.  Train wrecks are selling for small fortunes.  Contractor prices are setting new records.  I'm primed and ready to get a deal, but will admit that I've not cracked that code yet...  but get closer every day.  

I'm looking forward to connecting with folks in the area, especially those who appreciate the cruciality of the time we live in.

Most Popular Reply

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2,396
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1,747
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Brandon L.
  • Real Estate Agent
  • Falls Church
1,747
Votes |
2,396
Posts
Brandon L.
  • Real Estate Agent
  • Falls Church
Replied

Hello! @Doug Danoff

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent.

There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

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