All Forum Posts by: Sean Doherty

When figuring in a property management expense is it necessary to also include an expense for lawn care, snow removal, and garbage or are those things that the property management company takes care of? if so are there any other expenses that might be included in the property management expense?

Hey everyone, 

Im brand new, still searching for my first multifamily deal. My plan is to buy and hold and I am wondering what you guys think are good areas in Rhode Island for this strategy. I live in Massachusetts so I don't know RI to well but have recently started working along the MA/RI border.  

My thoughts are Cranston seems like a nice area and if I remember correctly had a positive pop. growth rate when I checked citydata.com. Other areas I've searched and have positive growth rates and relatively low crime on citydata.com are Warwick, West Warwick, Cumberland, and North Providence. I have looked a little bit in Pawtucket but I'm not to confident Pawtucket is a great place to be. I have searched in Providence but I do not know the neighborhoods at all yet, so the couple open houses I went to ended up being in what seemed like sketchy areas. One was on Ralph Street in Providence, what do you guys think of that neighborhood? It looks like it may be considered to be in the Silver Lake area.

Like I said I'm brand new so my insights may be way off but I'm curious to hear what everyone else thinks of the different RI areas.

Hey everyone my names Sean Doherty, I'm from south shore Massachusetts and looking to buy my first rental property this summer.

Like many others, my goal is to reach early financial freedom through a buy and hold strategy focusing on small multifamily properties too start. I'm 27 and hope to retire from my current job by 40.  For now, I work as a Lineman for National Grid and consider myself very fortunate to make a good income doing what I do, I'm sure it'll help get me started quickly in real estate investing. I'm lucky enough to like my job, the work is interesting and challenging but takes up to much of my time, typically 50-60 hours a week at work and about an hour commute each way 5 to 6 days a week. My main reason for wanting financial freedom is to have more free time or at least be able to schedule my working hours around my other needs and wants.

When it comes to real estate investing I think my biggest hurdle will be lack of time and knowledge/experience. I have a good paying W2 job so I do not think money or acquiring financing for the properties I'm looking to buy will be an issue. I've focused my search mainly in Rhode Island because it seems to be a little cheaper to get started than mass but I am open to anything within an hour from the Bridgewater MA area. 

Thanks for reading my intro, I'm excited to meet the members of the BP community and think it will be an invaluable resource throughout my real estate investing journey.

As a brand new member looking into the Providence multifamily market this is exactly the information I was looking for tonight. I'll be following this thread in hopes to gather insight from some experienced investors in the Providence area.