Happy New Year, BP Family!
I'm finally ready to purchase my first property and am looking to invest in a multiunit that can offset or reduce my mortgage payment while I live there. How can I find a value add property in this area not listed on MLS? Are there any wholesalers in this area?
What I'm looking for: a 2 or 3 multifamily property.
Preferred Location: Chelsea, Everett, Lynn, Roxbury, Malden, Revere, etc.
Timeline: Any point in January or February 2021. I'm not restricted to a specific date.
Loan Type: Prefer to use an FHA loan.
I am not working with any realtor at the moment and trying to figure out the best approach.
Let me know if you have any questions for me.
I really appreciate any help you can provide.
Hi @Biruh Mezgebu congrats on being ready to purchase your first property! I started with a duplex in Malden back in 2015. I would suggest networking with local real estate agents, investors, and driving for dollars. With that said, with an FHA loan, it might be more difficult to find an off market deal as most of those sellers are looking for cash buyers or buyers with little to no contingencies. But that's not to say that it's not possible. Let me know if I can help with your search as I am very familiar with the areas you listed.