The $60,000 question

[David Briley]

Complete newbie on Boston's North Shore asked me this the other day.  I gave them my thoughts, but what would you tell this person?  

If you had $60,000 cash what would be your 1st move in the Massachusetts real estate investment market?

Would you buy and hold, do a small flip, send out mailers to wholesale, wait for the market to drop again?  Something more creative?

[Carl Dean]

I would honestly look at turnkey on conventional loans and get out of that market. Live where you want but invest where it makes sense. I would look at solid B markets with low taxes and smaller brick homes. Rents over $800, purchases around 85-100k. Markets like St. Louis, Michigan, Memphis, or maybe Jacksonville. There are good turnkey providers in every market but typically there are 1-2 who are the best performing and they are not hard to find. If you need further guidance, feel free to reach out.