New real estate investors looking for a little help

[Keith Davighi]

Hi Folks!

After a long career in the IT industry I am focusing my attention on real estate investing.  However, I'm challenged with trying to make the right decision on the first property so that I can maximize what little capital I have so that I can potentially start generating enough cash flow to live on which could be as little as 50-60k per year.   I know this could be a tall order but since Im new to the game, there are likely financing options that I can leverage that "might" help achieve my goals.  I am not afraid of fix and flip but Im hoping for fix and flip to myself for passive income.  Thanks for listening.  :)   

[Nazanin Boojar]

Quote from @Keith Davighi:

Hi Folks!

After a long career in the IT industry I am focusing my attention on real estate investing.  However, I'm challenged with trying to make the right decision on the first property so that I can maximize what little capital I have so that I can potentially start generating enough cash flow to live on which could be as little as 50-60k per year.   I know this could be a tall order but since Im new to the game, there are likely financing options that I can leverage that "might" help achieve my goals.  I am not afraid of fix and flip but Im hoping for fix and flip to myself for passive income.  Thanks for listening.  :)   

Congratulations on focusing your attention on real estate investing!

Based on your goals, I would highly recommend considering short-term rentals (STRs) as a potential investment strategy to generate monthly cash flow as a passive income.

While Boston may not be the best location for STRs,there are plenty of other cities and vacation destinations that can generate way higher monthly cap rates.