New Member - South Boston

[Blaine Page]

Hi All,

My name is Blaine.  I currently live in Southie and work in Newton.  My wife and I are taking the first steps to investing in Real Estate.  We have very demanding, time consuming jobs, so we think buy-and-hold rental properties are a better fit for us than wholesaling, flipping, etc.  Like everyone else, our goal is to generate enough passive income in the next 5-10 years for one or both of us to escape the corporate rate race.  We have little-to-no experience, but we have been studying some of the recommended books on here and listening to the BP podcasts.  I also have a single family rental property in Atlanta.  It was my primary home and it is now rented out and handled by a property management company.  There isn't a lot of cash flow in it, but it has allowed me to build equity as the real estate market begins to recover down there from the recession.  That's primarily the extent of our experience.

Our goal is to buy 2-3 multi-family properties per year.  We'd love advice on how best to get started and the common pitfalls to avoid.  We are looking in the Dorchester, JP, East Boston, Malden, Everett and Chelsea markets.  How do people feel about these areas?  Is it possible to find cashflowing properties for $500k or less?

Thanks in advance for the advice.  Look forward to getting to know everyone on here.

Best,

-Blaine

[Ali Boone]

Hey Blaine! Where did you live in Atlanta? I'm from there and that's where all my properties are (but I live in LA).

Have you thought about buying more in Atlanta or out-of-state? Boston is a hard place to make cash flow.