New investor in Massachusetts

[David R.]

Hi BPers!

I’ve been listening to the BP podcast for well over a year, and decided to finally make an account. I purchased my first property (3-family in the Merrimack Valley in Massachusetts) around 6 months ago, and am currently living in one of the units and gaining experience as a landlord while renting out the other two. I’d like to expand my real estate investing knowledge and network (and eventually my portfolio!), and I know joining BP and becoming active is a great way to start doing this. Hopefully by sharing my (currently very limited) experience and asking for input from the community in the forums, I can connect with other investors in my area, and benefit those who may be having similar issues.

Looking forward to finally being a member!

[Dan Smith]

@David R.

Welcome!  You're doing exactly what I did!  We bought our first property, which was a 3-family, in Haverhill, MA back in 2015.  I now live in CA and am so glad that I lived in my property for two years before moving, because now I know what to expect out of managing tenants.  I manage my property from CA and I plan to continue buying in MA as the prices here just don't make sense for cash-flow.  I hope to see more of you on the forums, there's a lot of good knowledge to pull from here.

My one piece of advice on these forums is to take everyone's ideas with a grain of salt when asking for help.  Everyone will come across as positive that their advice is the best, but they often don't actually know your specific details, so just be smart about how you apply their guidance.

I'll send you a PM so that we can connect!