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,

[Aaron Zimmerman]

House hacking is the easiest way to break into expensive markets. Coming from Chicago, an expensive market, this is the way I’ve started and many clients have started. If you do this consistently, you will not regret it assuming you buy the property right