Brockton, MA · Member since 2017 · 19 posts · 4 votes
Hi All,
My name is Chris and I am looking to break into investing. I am a military vet currently in college but graduating in 2018.
I was wondering whether I should look to invest in the south shore (where I'm from) or get involved going west towards Worcester, where I see lower average prices.
I'm looking to make a flip as well as house hack. For house hacking I'd like to stay in the south shore (near work and family). For flipping willing to go wherever it makes sense.
Any tips from fellow MA investors on either flips or buy and holds throughout the state would be appreciated.
Brockton, MA · Member since 2017 · 19 posts · 4 votes
9y
Hi @Steve Bracero, I'd like to get invovled with both but think a house hack will be my first deal.
For financing I'm looking at getting a VA loan. This is all new to me but I'm reading up on the criteria for different types of financing (credit requirements, DTI, Income, and so on).
I'm in school at the moment and the housing allowance paid out by the Gi Bill is not considered income. So I have to wait a year until I graduate and get a job before I can start the process. So my goal is within the next year to learn as much as I can.
Any tips on analyzing deals? I'd like to practice so when the time comes I know what to look for and how to see a good/bad deal.
Brockton, MA · Member since 2017 · 19 posts · 4 votes
7y
Hi Greg, I’m actually still looking. No luck with listed properties but looking for off market deals now. Had to put my search on hold for a while unfortunately but i’m on the lookout again.