All Forum Posts by: Ellie T.

I'm also new and found it beneficial to meet people face to face at local REIA meetings. Check meetup.com for meetings in your area.

following

I am a busy Single mom from Boston, and will not qualify for FHA. I have $50K cash in hand to invest, and due to my current commitments was leaning towards MF buy and hold rental properties with the goal of building a 5 property retirement portfolio (I can invest 30-50K/quarter so this will be my first). MA is priced way too high ($50K at 25% down will only allow for a $200K property which means almost nothing in MA- maybe I can find something in Rhode Island). Investing out of state concerns me due to the distance/remote management and my lack of experience.

What would you do?

Can you recommend a management company and a locale where I can make this happen?

I am busy studying as much as I can, but would love some direction from experienced investors like the amazing ones I found at BP.  Thank you all!

Ellie

Busy Single mom from Boston.  Have $50K cash in hand to invest, and due to my current life requirements was thinking MF buy and hold with the goal of build a retirement portfolio (I can invest 30-50K/quarter so this will be the first one).  Boston is priced way too high (50K at 25% will only allow for a 200K property which means almost nothing in MA- maybe I can find something in Rhode Island).  Investing out of state concerns me due to the distance/remote management and my lack of experience.

What would you do?  

Can you recommend a management company and a locale where I can make this happen?

I'm spending every free second studying all I can, but I am struggling with the above.

Ellie Tamari