I've identified and analyzed a 4 Fam in the Boston Market. I'm looking to partner with an investor who will hold the paper and help me finance the deal. I'm an experienced property manager and real estate agent in Bos...

I'm looking for people who want to do a joint venture on some deals.

By this being my first physical undertaking, i agree that it is of quite some size for first venture.

. :)  Hey Mercedez,You should venture into which ever stream you feel comfortable.

I know this is not a quick or easy process as there is always a barrier to entry in every successful investment venture but I am willing to put in the work.

She has been in the same condo since new the place was built in 1971 .Total complex has about 500 units ,an 18 hole PGA Golf course and a Marina with access to Gulf Bay .Say what you will about " God's Waiting Room " but if I had to venture a guess I would say the average age here is 65 + and counting lol!!

A basic rule of thumb [IMHO] is to stick with homes built after 1945 and that rent for more than $700 - for starters.This will get you out of some of the older, rougher neighborhoods.As you grow your portfolio [and experience] you may want ot venture into some other areas and older homes.With a W-2 job, you should still be able to enjoy getting loans from banks fairly easily.If you have the funds available to buy with cash first, you can then refi and get 75% of the appraised value vs. only getting 75% of the purchase price.  

Wishing you all the best on your real estate venture!

Wishing you all the success on your ventures!

I am a DIY guy so I was able to get everything for a very good price since some of it had to be created/built.