All Forum Posts by: Isaiah Oloyede

Thanks everyone for the tips so far. 

I have sort of concluded that I am better off living around Boston South Shore, not yet settled on the city.

@Colleen F. You mentioned you live in MA, but don't invest in MA. Where do you invest?

I am moving to Massachusetts soon. I have a family of five. I have been searching for properties around the Boston area/suburbs. I can reasonably conclude that those properties are beyond my reach at the moment since they are mostly priced around $250K upwards, some are as high as over $1M. 

My question is this: Since I am planning to move to Massachusetts, which cities with solid (good) schools /school districts would you guys recommend that are not far from Boston? I am looking at a drive about less than 45 minutes. 

Is it possible to purchase a new construction (a 3+ bedroom per unit, duplex) that is less than $250K in today's market?What cities would have those kind of new construction/homes? Any useful tips would be appreciated.

I am still learning about real estate, so, please pardon my naivety.

I don't own a home yet. I still rent, but looking forward to doing my house hacking soon...

Here is what I do currently with my owner. Instead of the owner giving me his bank account details to pay my rent to, I instead provide my bank account details to the owner instead. As part of the lease agreement, there is a clause in the lease authorizing him to withdraw the rent as at when due.

In fact, the clause on my lease is something like this:

Also, I think I provided a void check also with the account details for the landlord.

I hope this helps.

Congratulations on this great milestone. Hope to see BP cross the 1 million membership milestone soon! @Joshua Dorkin, keep up the great work, better yet, exceed it!

@Paul Timmins Quick Question: What do you mean by "Remember you don't have to own a property to control it." How does that work?

@Paul Timmins

Thank you so much for your recommendations. I will sure look them up.

Hello,

This is Isaiah Oloyede, originally from Nigeria. I relocated to the United States about 9 years ago. My Dad has a lot of rental investment in Nigeria, so I cannot say I am completely new to real estate investment. However, real estate investment in Nigeria is not as sophisticated as it is here in the United States. My Dad did it the old fashioned way of buying the land and building the properties - everything in cash, no mortgage transactions or anything of that sort. However, I have never owned a single property here in the United States - never done a single deal, so I can call myself a complete newbie!

I currently have a full-time job. I work as a software engineer. I am eagerly looking forward to the day I can finally be financially free. I am interested in house hacking. I am actually considering a duplex/triplex/quadplex for my first property. I am also interested in residential rental properties out-of-state, when the right opportunities come. I am still trying to learn a lot - I still have much to learn. I hope I can get all the support I can through BiggerPockets.

I am actually planning to relocate to Massachusetts as soon as I can find a job there. I lived in Cambridge, Massachusetts for 3 years as a graduate student.

Would Massachusetts be a good state for real estate investment? Which cities in Massachusetts would you guys recommend for house hacking? Which resources would you guys recommend I use to do my real estate research? I know that Massachusetts can be quite an expensive state to live in, which states would someone living in Massachusetts consider for out-of-state rental properties?

Pardon me, if my questions sound "newbie-sh". I am a newbie, after all!

I am really excited to be on BiggerPockets.