Updated almost 13 years ago on . Most recent reply
New Member Greater Boston
Hi Everyone,
I'm from the Greater Boston area and looking to purchase my first buy and hold investment property. My plan is to buy a multifamily that needs minimal work and live in one of the units. I'm hoping the rent from one unit ( or two ) will cover my unit.
The problem i am seeing, is that there aren't many multifamily properties on the market. The ones that are, happen to be 500-600k. Reading some of the articles on this site, it seems that most, if not all properties listed are not good deals. Where should i be looking, so that i can buy this property "right"? Many of you seem to have started this way - how did you find your deal?
Hoping to use an FHA loan to get into this property. Planning on seeing how much i qualify for shortly.