All Forum Posts by: Harry James

Hello BP Real Estate team,

I am looking to start investing in out of state properties (multif-family) units. I have done much of the prerequisite research - Price to rent ratios, growing cities, growing populations, growing economies etc. 

I am trying to figure out the best way to calculate the market appreciation in a certain city. I have been looking at Zillow, Realtor.com etc and have been seeing when the unit was last sold and for what price to give me a gage but I feel like there must be a more efficient way. 

Does anyone have any advice on how to calculate this? Additional what other considerations should I look into when choosing a market? 

Thank you very much, 

Harry

I greatly appreciate everyone's input and perspective. It sounds like to me the best strategy to me is find an investment partner and mentor to help coach me through this initial phase of my investment career. 

Final few questions: 

If I don't have an immediate friend/family connection is the BP community my next best bet for a mentor or are their alternatives? 

Any advice for selling a partner to work with you?

Is wholesaling in Massachusetts allowed? 

Hello,

HELP NEEDED -- My name is Harry James and I am a new real estate investor. I have the real estate "bug" and I have spent the last 3 months evaluating my local market and learning everything I can about real estate investing. 

Here is my challenge: I live in Massachusetts and a large majority of the properties I have found (zillow) are between 200-300k. My challenge is scaling a real estate business when you have to shell out 25% on an investment property. I have spent the last 3/4 years saving to get the 80k needed for a down payment but I don't see how this approach is scale-able if I have to wait another 3 years to save up for another purchase. 

Soooo what I am considering is... Do I invest 300k into a turn key duplex in Worchester that cashflows $800 a month as my first investment or do I try and find a BRRR property with no experience in demo's/construction where I can recoup my down payment and do it again.

I am sure y'all real estate wizards have some awesome advice. 

I appreciate this community and I am all ears. 

Thanks you.