All Forum Posts by: Jason Millar

Thanks all for jumping on this post. I appreciate all of your comments and suggestions. I've been wondering what people see as far as rental rates to purchase price ratios here in Boston and surrounding areas. I've been looking more closely (you know, at Zillow, since I don't really know where else to look yet), and purchase prices seem pretty pricey compared to expected rental rates. I've been looking mostly in Revere and Everett. The 1% rule doesn't seem that feasible. Is the competition for foreclosures and auctions pretty high here in Boston?

Thanks Andrew and Shaun!

Andrew, I'll try not to poach your turf too much :). What are your thoughts on Medford or Malden?

Thanks for the heads up Shaun about the local events. I likely won't be able to make the one tonight, though would be interested in attending in the future.

I was thinking to do the 2-4 unit owner occupant. It seems to make a lot of sense financially, as well as keeping tabs on what's going on in your building.

Hi all,

I'm a newbie from East Boston looking to test my hand in real estate at some point over the next year or two, after immersing in the wealth of knowledge on BP. I've been thoroughly enjoying the podcasts, and am reading the U.B.G., and am looking to start connecting with people. I'm particularly interested in buy-and-hold in multi-family properties. I'm somewhat transient at the moment, however, as I might be heading back to business school in the next two years. I currently have an entry level position at an investment consulting firm in Boston. Family and two kids with the wife wanting to wait to make any big ticket investments (you know, like a primary residence...) until after business school. We currently rent, though I was thinking of doing an owner occupant between now and b-school. Any thoughts people might have about the appropriateness of jumping into real estate given my characteristics would be certaintly helpful. I look forward to connecting!

Cheers,

Jason M.