Looking for my first investment property!!!

[Zach Maynard]

Hi everyone, happened my way here via a book from the book store. I've wanted to get into real estate for years and am finally in a position to begin (Even if they current market appears to be a tumultuous one). I've got the financing, dp and am currently still educating myself and trying to find some properties with good cash flow. I had done construction for about 15 years so that is one advantage for me, even if I don't end up doing any of the rehabs myself.

I'm located in Southern Massachusetts and looking forward to making some connections here and learning as much as I can!

[Jack Tulloch]

Hey Zach. Welcome to BP! There are a lot of good resources on here and good luck on your RE investing journey!

[Rob Bowness]

Good luck Zach! I developed a system that helps me go through each step in the process. I made and will continue to make mistakes, but it helps to have a system in place to move through the process. Reach out if you need help!

[Henry Clark]

Congrats on making the start. 

First thing decide if you’re going after cashflow or appreciation.

Cash flow at $200 say per month, how many units do you need to hit your target?  How will you finance and manage?  Or do you skip to multi family?  

Appreciation. You have a great background. Since you can estimate costs and should know what gets the most bang for your buck. Look for kitchen or bathroom remodels. Possible ADU's.

[Nathan Gesner]

Quote from @Zach Maynard:

Welcome to the BiggerPockets forums!

You've got some good advice so far. One thing that many people miss: how to manage the property. I think it's easier to find a deal than it is to manage it. Learn how to market, screen applicants, have a quality lease that you understand and can enforce, how to deal with unpaid rent, etc.

It doesn't do any good to find a great investment and then watch it go to pot due to poor management.

[Eliott Elias]

What are you looking for? Be specific in your search 

[Lien Vuong]

Congrats! There's some good affordable markets in the Southern region, you should be able to get your househack in no time!

[Matt Daylor]

Hi Zach,

What areas in southern MA are you interested in? Many great house-hacking opportunities around here and RI. 

[River Sava]

Hey Zach! I'm not too far away in the Greater Boston area. I grew up going to the cape and it's a great place to start. Happy to connect and help you out here!