New Member - Boston, MA

New Member - Boston, MA

Boston, MA · Member since 2014 · 62 posts · 26 votes

Hey Everybody,

I stumbled across BP last week and have been perusing the forum and listening to podcasts every morning on my way into work. As the title says, I hail from Boston (born and raised), I'm 29 years old, and I work as a Product Manager in the ad/tech space. Before you ask, yes, I build technology that nags you into buying things on the internet :)

After a few difficult years, I'm in a great position to start investing and thinking about my future. Thus far, I've learned the very little that I know from my dad (had success with real estate investments in the 80s/90s), a friend of mine (owns 5 condos in the Boston area), and this pretty awesome forum.

I've read the introduction to real estate investing, plowed through about 5 of the podcasts, and have been plugging in searches into the forum. I'm very interested in buying property that has long-term value, though the cash flow situation in and around Boston will be an interesting obstacle to navigate. I'm hoping to purchase my first piece of property in the next few months.

Whew! That's more than enough about me. I'm excited to get to know you guys here and become a part of this community

Beau

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  • Investor · Hattiesburg, MS · Member since 2014 · 280 posts · 98 votes
    12y

    Welcome aboard, lots of info here and many willing to help, best of luck to you!

  • Quincy, MA · Member since 2014 · 21 posts · 3 votes
    12y

    Welcome to BP!

  • Justin SilverioPro Member
    Developer · Andover, MA · Member since 2008 · 1k+ posts · 489 votes
    12y

    Welcome to BP, @Beau Blinder 

    There are a lot of local investors on BP so be sure to set up your keywords so you can see when people are talking about our market.  Also, there are a number of great networking events around the Boston area, including the Black Diamond event (next one is tomorrow night), Success Real Estate Investor (I haven't been to this before but will be attending Wed's meeting in Boston), and you're always welcome to join my quarterly networking event in Woburn.   

  • Lender · Tyngsboro, MA · Member since 2009 · 3k+ posts · 2k+ votes
    12y

    Welcome, Beau.  There is lots to learn about the Greater Boston market.  Glad you're doing lots of reading.  It will help a lot if you get to know other investors in the area, Justin is very open and sharing of information, so be sure to go to his event when he has the next one.  If you can make it tomorrow, you'll meet lots of investors, both rehabbers and buy and hold, hope to meet you then.

  • Landlord and Rehabber · Newton, MA · Member since 2010 · 2k+ posts · 877 votes
    12y

    Hi Beau, welcome to BP.

    This is a great place to learn. Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.

    This is also a great place to meet people that can be assets to your business. Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (As mentioned set up some keyword alerts to find out about local topics) and get connected.

    Besides doing that on here make sure to get out to some of the many local investor events we have.  As also mentioned the Black Diamond meeting in Waltham tomorrow is a great one to get to.  Justin's meetup is also a really good event so try to get to that.  He just had one and it is quarterly so not as much last minute planning there.  :)

    The Boston Area REIA in Medford is another close one to check out. I also enjoy the NEREIA in Chelmsford (Shameless plug: I happen to be the speaker in July). There are many more both North and South of the city so no lack of educational and networking opportunities here!

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Beau Blinder  welcome to BP! I'm glad you're enjoying the podcast. You should definitely start jumping right in the forums! Also, if you haven't yet, try to setup some "Keyword Alerts." It's great for getting into local conversations.

    Also - here's a couple articles you might enjoy:

    The 21 Best Real Estate Investing Books Ever

    How to Rent Your House: The Definitive Step by Step Guide

    See you around the site!

  • Involved In Real Estate · Dorchester, MA · Member since 2014 · 12 posts · 3 votes
    12y
    Welcome Beau Blinder! Take it from another newbie, everyone here has been very responsive to posts and give great tips on how to make your BP experience better.
  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Beau Blinder

    Welcome. Time to build the foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

    Consider checking out HUD homes for small multi's owner occupied gets first crack.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good luck

    Paul

  • Boston, MA · Member since 2014 · 62 posts · 26 votes
    12y

    Thanks for all the replies guys! It's nice to have such a warm welcome.

    @Justin Silverio - thank you for the invite, I'd love to come check out that event the next time you host it.

    @Ann Bellamy - thank you as well. Like I said, I couldn't make the event last night, but I'll be at next month's and I'm looking forward to meeting you guys in person.

    @Shaun Reilly - I appreciate the tips and events to look out for. It sounds like I'm going to have a bunch to attend.

    @Brandon Turner my only issue with the podcasts is that my commute is too short to get through more than one per day! It's been tremendously interesting to listen to other new guys and how they got started, as well as some of the more experienced people you bring in.

    @Jared Cacciapaglia it seems like everyone here is tremendously helpful. It'd be good to connect and find out a bit more about what you're interested in doing.

    Thank you for the book recommendations @Paul Timmins . I've already read through "Real Estate Rewind" and I'll be sure to check out the others.

  • Rental Property Investor · Brookline, MA · Member since 2013 · 1k+ posts · 777 votes
    12y

    @Beau Blinder 

    Brookline!!  Excellent.  Which section of Brookline?

  • Boston, MA · Member since 2014 · 62 posts · 26 votes
    12y

    @Aaron Montague I live right outside of Coolidge Corner. Wish I accord afford to actually buy in the area :(

  • Robert AdamsBusiness Member
    Real Estate Broker · Henderson, NV · Member since 2009 · 1k+ posts · 373 votes
    12y

    @Beau Blinder 

     welcome to BP.

    The Adams Team at Rothwell Gornt Companies4.970 Reviews
  • Mike HurneyPro Member
    Real Estate Investor · Boston, MA · Member since 2009 · 2k+ posts · 545 votes
    12y

    @Beau Blinder Welcome. Boston's a hot market now, maybe your father & friend will help a little?

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    Welcome to BP community @Beau Blinder  It is a great place to meet new friends and learn about various aspects of real estate and more. 

    Wishing you the best!   

  • Boston, MA · Member since 2014 · 62 posts · 26 votes
    12y

    Thanks for the welcome @Robert Adams , @Mike Hurney , and @Dmitriy Fomichenko . Mike, to answer your question, my dad and I are definitely working together on this one to start out with.

  • Contractor · Blackfoot, ID · Member since 2013 · 149 posts · 52 votes
    12y

    Welcome to BP.

    I understand what it's like to be in an overpriced area, but there are nuggets everywhere.

    Just be patient. Anything worth doing is going to be hard.

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @Beau Blinder  welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here!

    And oh, learn how to use BiggerPockets to grow your business by checking this quick guide: http://www.biggerpockets.com/biz

    See you around!

    BiggerPockets
  • Boston, MA · Member since 2014 · 62 posts · 26 votes
    12y

    @Mike Baker - thanks! I'm definitely going to be taking my time and getting my feet under me.

    @Dave Visaya - thank you!

  • Investor · Cincinnati, OH · Member since 2013 · 2k+ posts · 1k+ votes
    12y

    @Beau Blinder welcome to BP and good luck getting that first purchase! 

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