The typical condo close to boston which is the more desired location in the area goes from anywhere between 150,000-250,000.

Thinking about cashing out my IRA for a down payment on my first home.I want to buy a 3 bedroom in greater Boston.

Investment Info:

Single-family residence buy & hold investment in Weymouth.

Purchase price: $535,000

Cash invested: $75,000

Buy and hold - purchased at 535k - invested 75,000 between roof, kitche...

Lived in Boston's South End for a year in 2000, and that development was happening on a much faster scale...

If you take two individual properties with similar dynamics such as cost, condition and rental potential, you can see very different results based on things like taxes and whether landlord/tenancy laws are more or less favorable.It really pays to understand the following factors:Property tax ratesProperty insurance ratesMunicipal landlord taxes (an IRA or 401k may not be exempt from certain local taxes)Local landlord/tenant laws – how easy is it to evict a tenant, for example.Local Market FactorsIn addition, you will want to look at things like neighborhood safety, quality of schools, access to transportation, proximity to shopping and recreation, and other factors that drive desirability.Investing in real estate is not really that different than any other type of investment.

I am a financial professional working in Boston.  

Hi, I am looking to start a property management company in the Boston area.

Portland, San Francisco, Hawaii, Los Angeles, Seattle, Boston are examples of primary markets which are NOT ideal for cashflow investing.

I live in Boston and home values here are just sky rocketing.

If so, then yes, it would be wise to go spend a good amount of time checking out the different neighborhoods.Good areas tend to be close to good transportation and amenities.The rental market is strong there.