I am local to the Memphis market here and like others have mentioned communication is key.

Since you’re considering selling your business, this could be a way to put your capital to work without taking on the headaches of being a landlord.Right now, you’re at a decision point, and a few key factors will shape your next steps:Leverage vs.

Our key amenity highlights include an easy to use gas fire pit and Seattle Mariners themed corn hole.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

Since you're looking to house hack your first multifamily in New London, CT, or Greater Boston, connecting with local investors and learning about financing options will be key.

It’s great that you’re looking to put your money to work in real estate—smart move.A few key things I always remind my clients (and myself) when investing:1.Don’t rush it.

Commercial deals take longer and are all about relationships, so connecting with investors, brokers, and property owners is key.

For value-add investments, securing the right type of financing that accounts for the property’s potential appreciation is key.

The biggest lesson learned here is that there are going to be mistakes made or problems that come up, and so having patience and communication thoroughly with your partner and team are key to getting through the process.

Networking with local investors, agents, and property managers will be key to your success.