Multi-family investing in Fall River, MA

[Daniel Lozano]

I lived in Rhode Island for a year and moved back to my hometown in Long Island. I loved living in Rhode Island but something about Fall River made me heavily think about getting into multi families. But i don’t know where to start I own an electrical company with my father so I’m always busy! But I decided and I know I want to Perdue this as well so any tips and tricks would help a lot! Also are there still any meetings over zoom because of covid or any meetings around Fall River still?

[Allen Lomax]

The best way to start investing in real estate is what is now referred to as house hacking.  Essentially, you rent out a portion of your dwelling.  It could be an existing duplex, tri-plex, or quad.  The other tenants are paying your mortgage.  At the same time you get all the tax benefits that come with rental property.  It is a low risk way of breaking into real estate investing.  It give you property management experience.  It gives the tax breaks already mentioned.  It helps pay down the mortgage giving you equity through appreciation.  You'll find lots of articles here on BiggerPockets pertaining to househacking.