Started out as a RE Agent at age of 18 in Boston & he never wanted a JOB ( Just Above Broke) . 

You are justifying the 1 mil offer by saying it produces 6.5% cap but you will get a higher cap after you make the upgrades.Cali might have lower cap rates but it has higher appreciation, just like here in boston where most properties are under 5% cap

Hi, I’m Karen Lee from the Boston, Mass area.

I want to get us a house soooo dang bad its pitiful, the area is not a good area for my son to go out and play so we have him stay inside mostly unless he is in school...One of the main reasons why I want to get into RE Investments, its a good vehicle to make the money I need and I can also find ways to get things fund, the harder part is going to these homes to fix them up to sell, I have no transportation but I am sure I can work around that, Home Depot does deliver lol...

Todays cars are barely broke in at 100,000 miles and you will find if the drive train is in good shape on an auto you can just put 100 a month aside for repairs and oil changes and be able to have reliable transportation for 3 to 4 years on a 4000 dollar car that is paid for in cash.

It is located in a nice suburb of Boston but not premier location.

My cousin in Boston, a real estate agent and investor, is wondering why I wouldn't just take out a mortgage on our house (30 yr) for the cash rather than the line of equity.  

Transportation is rarely figured correctly.  

(Like "Oh-no, I think this house is haunted by a ghost"--as seen on "Flipping Boston."

The host Joe Boston is an industry veteran and all aground great guy.