All Forum Posts by: Marietou P.

Thanks, @Jason Wray. I am currently looking at Duplexes or SFH with a basement using FHA, but there aren't many listed in my price range. I am staying alert to see if anything shows up. Since I can still get a low downpayment with FHA for my second personal property, I wanted to buy in Boston to house hack. I am told that my second personal property must be 50 miles from the current one to get the low downpayment, which rules out an Atlanta purchase as my immediate next move...I am thinking Atlanta will have to wait for now. My current plan is to go back to investing in Atlanta once I get the Boston FHA property.

I am somewhat new to real estate. I have been reading, researching, and trying things for a couple of years. I got lucky with some tax properties and bought a property that's currently being rented on my own. I then wanted to start doing rehab in Atlanta, but this was during the pandemic when it was very difficult to find something at a reasonable price and time.

Now, I am in Boston and looking into learning about BRRRR under someone who is well-experienced. Ideally, I would follow them to learn, then hopefully do my own.

Alternatively, rent is expensive in Boston, and I am looking to buy my own property to house hack. I would like to get a multifamily or large SFH with a basement. Ideally, the property would not need too much repair, buying at or below 400k with 200k or less repair. However, I am not sure how feasible it is. I am a little scared because I have seen people's rehab journey fail entirely because of issues with contractors. I have a lot of uncertainties/unknowns, and I hope to get some feedback and advice from the community. My target areas are Dorchester, Roxbury, and Chelsea.

I have seen a couple of listings in person, and I was worried that the repair cost would be astronomical. They were essentially complete gut jobs.

Do you think what I want to do is feasible in Boston at my price range? Do you have any advice?