Hi from Boston, MA

[Justin F.]

Hi All,

I just found biggerpockets a few days ago and figured I'd jump right in with an intro! I'm quite interested in real estate investing, and even though I think I know next to jack squat as a whole, my wife and I do own and rent out a condo in Boston and a multifamily in Newton, and are always looking for opportunities to invest around Boston (would love everyone's opinions on their experiences with Boston's rent to equity ratios vs. other cities that they also invest in) or in other US cities, or even in other countries! I've just started looking at areas in Atlanta (not sure why, and market seems overly hot there) since Boston rentals just aren't doing it for me right now...

Basically I'm looking for ways to expand my knowledge, and looking to learn from others and exchange experiences, and/or even learning about opportunities or partnerships should they arise!

Strategy: Buy & hold SFRs or Multifams for rent. Not focused on asset appreciation, focused on cashflow stability. Likely will not sell anything unless there is some major unforeseen circumstance that eliminates all my stock/retirement funds.

Goals: Have some fun, create additional 40-50k/year annual cashflow in next 5 years (I'm thinking this means damn close to outright owning another 3-4 apartments in the next 5 years).

I look forward to learning from everyone here, possibly even over a beer!

Justin

[Christian Austin]

Justin Fong welcome to BP. I'm also a new member from the Boston area, and am in the market for an owner occupied multifamily. However, I've been struggling on whether to stick to this plan or invest in another area. The REI numbers in Boston are very tight, and in my experience there is a very strong seller's market now. I'll be interested in hearing what you decide to do.

You've come to the right place for advice. Ali Boone and Marco Santarelli, in particular, have been very helpful.