All Forum Posts by: Matt H.

Hi everyone, 

There were a few posts discussing the Berkshires, but none that really applied to my current question. 

I have quite a bit of equity in my current home in Somerville, MA. Along with that a decent amount of savings. We have been spending time out in the Berkshires and really enjoy the area. I started looking into purchasing a property that we could rent out short term as it seems to be a popular vacation destination that covers all 4 seasons. 

I briefly spoke to a realtor that said the market is pretty hot now due to a lot of people buying vacation homes from NYC and Boston and inventory is low. If I was able to scoop up a single-family, what is the market like regarding appreciation and also cash flowing month to month based on short term rentals? 

The prices seem favorable compared to the Boston market and figured it may be a good investment, but truly don't know for sure. Any advice would be welcome. 

Thanks in advance. 

@Lior Rozhansky Thank you for the reply. My game plan is to focus on flips vs buy and hold. I plan on attending a few real estate meetups in the near future, I figure I can get in contact with some folks who can help. Just need to get my ducks in a row. 

@Rick Pozos Thanks for the reply Rick, I definitely could always do better in this department. We do some things well (Max out retirement accounts, emergency savings, etc...) but there is always room for improvement. 

@Dawn Brenengen Thank you again for the advice and vote of confidence. 

@Mike Hurney Mike if I am unable to make Tuesday's meeting I can assure you that I will make the one after. I will look out for you and introduce myself when there. 

@Dawn Brenengen. Thank you very much for the suggestion. It seems like the Boston Real Estate Group that is mentioned on this site is quite active. I plan on making it to one of the next two meetups. 

Is it reasonable to expect a private lender to take you seriously if you have never undergone a flip before? I feel comfortable selling my experience outside of flipping, but wondering how common taking a change on a "newbie" actually is. Would a JV be the best way to get started?

Hello everyone, 

I am new to biggerpockets and investing in general, would love some advice and look forward to contributing to the community in my own way. 

My wife and I live in the Boston area. Recently bought our first home in the area (owned other homes in the past in Central Florida) last year in Somerville. 

I have been working as a Real Estate accountant for the past decade and my wife as a Real Estate Paralegal in the past. Throughout our careers we have made some great contacts and gained experience that could be transferred into investing for ourselves. I have been speaking with an investor friendly Real Estate agent that we worked with on our primary residence along with a great attorney and contractor. Only issue is our funding and capital are short, especially after purchasing a home in a high cost area a year ago. 

What advice do you have for someone like myself? Someone who has the ear of a great team, experience in Real Estate but not much liquid cash outside of a savings account, retirement and home equity? 

Thank you very much in advance!