All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowStarting OutArrowMassachusetts house hacking advice
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Massachusetts house hacking advice

4 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 4
  • Votes 1

Matt D'Amore
New to Real Estate from Massachusetts

posted about 1 month ago

Hi All! My name is Matt D'Amore and I am 24 years old. I have been taking the steps to purchase my first house hack for about 6-8 months now. Getting pre-approved, working with a real estate agent, checking out the few multifamilies and single families for sale in my area, etc.  Living on the south shore of Massachusetts, I have realized that even the few multifamily homes and many single family homes for sale are way out of my price range or if they are in my price range, given the current market, are scooped up fast or are purchased well above asking. I currently live in my hometown with parents so I am saving a lot of house costs and work full time in my hometown so travel to work is not a big expense either. I would like to remain close to work to continue to mitigate my travel expenses, however getting into real estate is my number one goal at the moment. I am looking for any and all advice on how I should go about breaking into an expensive market like the coast of Massachusetts to do a house hack. Thank you in advance for your help!

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Flipping and Maintenance
  • Posts 429
  • Votes 264

Mason Hickman
Real Estate Agent from Sandwich, MA

replied about 1 month ago

@Matt D'Amore

Massachusetts coastal markets are certainly on the more expensive side. I think you have the right idea with a house-hack situation to help keep your costs low; it's a great way to get started. 

As far as advice, really hone in on what you're looking for. Get all your ducks in a row with pre-approval, etc. When a property pops up that fits your criteria, don't hesitate and put in an aggressive and compelling offer. 

Good luck!

Rotate Log in or sign up to reply
user profile avatar
  • Posts 4
  • Votes 1

Matt D'Amore
New to Real Estate from Massachusetts

replied about 1 month ago

@Mason Hickman Thank you Mason! All things consider I would offer over asking to get into the game (if the numbers still made sense) but due to my pre approval states I can afford, are there any other ways to provide a compelling offer that doesn’t involve putting in more money?

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Flipping and Maintenance
  • Posts 429
  • Votes 264

Mason Hickman
Real Estate Agent from Sandwich, MA

replied about 1 month ago

@Matt D'Amore

A few ideas to make your offer more compelling:

1. Larger earnest money deposit - you can still back out assuming you have an inspection contingency in place

2. Allow the owners to leave any personal property they want to - some sweat equity can make your offer stand out and can really be the difference maker to some sellers

3. Write a "Love letter" to the sellers - an old tried and true method that can tug at the heartstrings if done well

Rotate Log in or sign up to reply
user profile avatar
  • Posts 4
  • Votes 1

Matt D'Amore
New to Real Estate from Massachusetts

replied about 1 month ago

@Mason Hickman All awesome ideas. Thank you again for your help!

Rotate Log in or sign up to reply
  • 1
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Salvatore Lentini
Salvatore Lentini
Doylestown, PA
9.46
Score
Joe Villeneuve
Joe Villeneuve
Plymouth, MI
3.59
Score
Brad L.
Brad L.
Manitowoc, WI
3.37
Score
Greg M.
Greg M.
Los Angeles, CA
3.18
Score
Jessica Piff
Jessica Piff
Churchville, MD
2.87
Score

Starting Out Trending Discussions

  • So you want to become a real estate investor?
    112 Replies
  • Investors who started in late 30’s with multiple children
    60 Replies
  • Favorite Way of Finding Off Market Deals (for free)
    13 Replies
  • My Partner gave me 25% on the Cashflow...Is This A Good Deal????
    11 Replies
  • Would You Buy Your First Property Out of State?
    12 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.