First Time Owner Occupied Rental in Eastern MA

[Reese Millican]

Hey everyone. I have been an on again, off again user of Bigger Pockets for the past EIGHT YEARS. That is how long I have been deferring my goal of homeownership! I have finally reached the point in my life where I am actually going to do it. I am saving for my first cashflow positive, owner-occupied rental property!

I want to move to a community within an hour's drive of my job in Auburndale, MA, although I can go a little farther. I am thinking at least a triple decker where I can cashflow positive per unit. I have $60k in my 401k, and I plan on saving $1300 per month for the next two years a down payment/rehab. I am hoping for an FHA style loan with 10% down, but I'm flexible.

I would love to hear from any real estate agent/investor who has experience with buying a multi family and becoming a cashflow positive landlord anywhere in eastern/central MA, northern RI or southern NH. 

I hope to hear from you soon!

[Matthew Crivelli]

Come out to western mass lol. You get a lot more for your money out here! If only the T extended through the entire state :)