Cheap property near Boston

[Patrick Hagerty]

Where do you suggest for a first investment (multi family) with 200k living in Boston?

[Lior Rozhansky]

@Patrick Hagerty to be honest you may want to consider holding off on investing in real estate and focus on improving your cash reserves. If your max budget is $200K on an FHA loan, meaning you basically have around $10K to play with, you may not be well capitalized enough to buy your first one quiet yet. The real estate game is fantastic, but I always encourage buyers to at least have $5-$10K as reserve funds after purchase (I had a furnace go out within a month of my first purchase that ran me $8K). Especially in the price point you are looking at, if you do find anything chances are it will likely not be in a great location and it wont be in great shape. If you focus on earning/saving for the next year, you'll be in a much better position to go after better property and not place yourself at risk. My 2 cents.