Looking to Move and Invest in Rhode Island

[Eric Smith]

I figured it was time to just raise my hand and see who wants to connect.  My two biggest goals in the next 6 - 12 months are to a) move to the Westerly area of Rhode Island and b) find some multifamily properties in RI to invest in. I'd love to connect and exchange info with folks from the surrounding areas, obviously Westerly, Providence, and Pawtucket to name a few.  We started looking at houses a few months ago to live in, but I think we'll probably just rent for a little while before we buy.  I can pretty much work anywhere but my girlfriend is still trying to find a Finance job in that area.

Coming from the Metro DC/Maryland area, I'm amazed at how many multifamily properties are up there.   I'm mostly seeking something in the 3-4 unit range. I believe I have what I need for a downpayment but I'm concerned about putting all my eggs in one basket.  Because of that, if anyone is looking for a partner to potentially scale a little faster and perhaps diversify, please let me know.  I'd love to talk. Hopefully we'll be relative neighbors soon!  

One thing, for any realtors out there, I've engaged a couple of realtors over the past few months (not on here) but I'm not sure how binding my relationship is with them.  I didn't sign anything but I feel like that might not matter in Rhode Island. Anyway, I'd love to talk to you as well.

[Anthony Thompson]

Eric, I'm not too familiar with Westerly/South County so maybe some folks down that way will have some thoughts.

Generally when I think of Finance jobs I'd think she'd be looking in Providence, Cranston, or Smithfield - or maybe going up to Mass somewhere along 128 or 495.

Also for you, if you're looking for 3-4 units you're going to find a lot more of those in the Providence-Pawtucket area than Westerly/South County.

(and when Rhode Islanders say "south county" they really mean "Washington County" - see all of the RI counties)

So I guess it's good if you guys are going to rent before you figure out where you want to put down roots - after you settle in and start to adopt the Rhode Island mentality (20 minutes away = TOO FAR), you might find Westerly starts to seem like a haul depending on where she gets work and you find properties.

Anyway, welcome to Rhode Island.

Oh and if it's cold and the sky is in any way cloudy, immediately go to the supermarket and stock up on bread and milk. You'll thank me someday :)