Buying the Next Property

[Andrew Reis]

Hi - I own a 3 family in Quincy MA (just outside of Boston). I am looking to buy more property that is in Quincy or on the south side of Boston. I want to stay in state, because of the potential for appreciation and cash flow and am familiar with the good and bad areas. I am also well versed with the landlord tenant laws as I've been through an eviction. 

Everyone says the first deal is the hardest to find. But I think it's saving up for the next one, especially in an expensive market. How are other investors getting over the hump? Networking with family/friends for equity on a down payment? Taking a dive into a side hustle business? Wholesaling? Flipping? Development? Property management? I am trying to preserve my cash for the next property and don't want to invest in a side hustle business with no guarantee of long term success. 

Hoping to hear from fellow younger investors in MA who live in these expensive areas as well. 

Cheers,

[Ethan Piani-Hohmann]

House hack or try to find off-market. I just cold-called to get my last one. Retail Price is pricy.