Boston Living - Owner Occupied

[Josh Lamm]

Hey everyone,

So I've been trying to land that first property for about four months now.   My goal was to get a 2-3 family and rent the whole thing out.  Well since the Boston market is so high it's nearly impossible to find the right place for the right cash flow.  And the deals fly off the shelves quick.  It doesn't help working abroad for a month at a time.  So my question to people out there is what do you think about an owner occupied 3 family? Does it present a challenge having your tenants living under the same roof?  Have you gained the financial freedom that you were hoping to get? For any Bostonians out there, What areas of this fine city are you residing in? Thanks everyone!

[Ray Hurteau]

@Josh Lamm yes, Dorchester.  I know some people say don't tell them you're the owner.  It's hard not too when they make their rent checks to you and you're doing maintenance.

I think owner occupied is a great way to get your feet wet. The Boston market is almost near impossible to find a deal on the MLS. Best advice is to work with an agent in the area who knows the area and knows what you're looking for.

I can provide a REA referral for Dorchester if you're interested (it's 1/3 of the whole city of Boston and there are some nice areas - don't believe that all of it is bad - it's not!)