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Updated over 6 years ago on . Most recent reply

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Randy Davenport
  • Auburn, MA
8
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4
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Aspiring Investor in Central Massachusetts

Randy Davenport
  • Auburn, MA
Posted

Hello Bigger Pockets

My name is Randy and I am planning  to begin my journey investing in real estate.  I have been in and around construction all of my life.   Currently, I have a W-2 position as a Commercial Construction Superintendent Boston area. I am wanting to start with purchasing, rehabbing, and selling single family properties in and around Worcester, MA.  I plan on financing with hard money to generate a small working capital fund. Longer term, I want to parley the profits from flipping into long term small multi rental units.  I would love to connect with fellow investors who I can bounce ideas off of.

Most Popular Reply

User Stats

4
Posts
8
Votes
Randy Davenport
  • Auburn, MA
8
Votes |
4
Posts
Randy Davenport
  • Auburn, MA
Replied

Thank you for the warm welcome Fellas!  @Matt Engle,  my goal with Real Estate is to, short term, generate working capital, so I can easier/quicker purchase properties, that might pop up, without depending on a bank or lender. Longer term, my goal is to generate passive income, to add to my cash flow and to build equity that could be used as an additional retirement account.

@Brian J Allen, are you viewing these flips as potential listings? How are you hearing about them?

@Scott Morongell, I want to start with the fix and flip route because I already know what I am doing, so to speak. I have worked on many flips, just not as the owner. I am figuring that single family is closer to my comfort zone, where multi family, is a little out of my wheelhouse. I know remodeling is remodeling, regardless what kind of building it is in. I guess I am saying, I want to cut my teeth on how to make the deal, on a property that I already have a strong background in repairing. All that said, if the right deal comes up, I am flexible.

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