All Forum Posts by: Patrick Cronin

Thanks all for the advice and optimism. I've downloaded a few calculators so I can start plugging numbers from properties currently listed, just to see what price point I'd be at. 

Owner occupied will most likely be the only affordable option for me over the next year - especially given my current salary. My family is full of contractors/roofers/carpenters, so hopefully I can use that to my advantage in the market.

Hi all,

I live in Boston and am hoping to buy my first property next year - hopefully I have enough cash to cover a down payment and closing costs, or even enough knowledge by then to obtain private money. Ideally I find a multifamily I can live in, but at this point I'm just reading as much as possible about what my options are and what constitutes a good cash flow opportunity.

Anyway, I see so many threads and articles on here about people buying properties for around $75-125,000 around the country, and I'm just concerned that the info I read in those posts will just be a distraction, because no such homes or multi-families exist in Boston! 

I am mentally "stuck" on Boston because it's the only market I've ever known and I am familiar with all the towns, but is it unwise to focus on such an expensive market for a first purchase?

Not exactly sure what type of answer I am looking for here, but any thoughts or advice would be appreciated. Thanks!