New aspire investor in Boston, MA

7 Replies

Hey everyone,

 My name is Drew Greene and I am looking to get started in real estate investing as a way of replacing my income over time so that my Wife and I have the freedom to enjoy life the way we really want, traveling and working projects we're passionate about.

I am studying business with a focus on Entrepreneurship and Supply Chain Management at Northeastern University. However, I'm currently in a full-time internship with Wayfair Inc. as an Assistant Project Manager. Before school, I served 5 years in the United State Marine Corps as a Light Armored Vehicle Crewman with two deployments to Afghanistan.

I don't have any formal background in real estate, though I have always had a love for architecture. Like many young investors, I picked up Rich Dad, Poor Dad around the time I left the Marine Corps and got very excited about the idea of investing in real estate, but I couldn't really see my path to get started. A few years later and wiser, my wife and I are now looking to buy our first multi-unit property and become live in landlords instead of renting like we have to so long.

I've listened to a lot of episode of the podcast over the last few years but because I didn't see what I could invest I never came to the forum. I'm here now because we are ready to take the leap and I want to learn more about real estate investing and I want to get to know more people with this same passion.

I'm really excited to be here, I really feel like this is part of my commitment to our goals. Looking forward to getting to know you all.

-Drew A. Greene

@Drew Greene Welcome - and thank you for your service.  Glad you made it home OK!

I was born and raised in JP and it has really changed over the last few decades.  It's at the point where triple deckers are now selling for $1.34M.  I don't know how anybody cash flows with prices like that.

My advice has consistently been to look to the south.  Norfolk, Plymouth and Bristol counties, where prices are much lower for both buy & hold and fix & flip properties.

@Drew Greene Let me point you in the right direction. I wouldn’t really ask what is the best way to invest, but more along the lines of what is the best way to invest that fits you. Some don’t want to deal with tenants and prefer to flip, some like to idea of holding property and renting for annual cash flow, and others become the bank and invest in notes. I’m here to explain more if you’d like. Hit me up directly abs i can explain further. Saki

Hi @Drew Greene and welcome to BP! Real estate investing can be a great decision for many people and its great that you are ready to jump into it. My advice would be to keep active on the forums and BP, keep listening to podcasts, connect with other individuals who have done what you're looking to do, and never be afraid of asking any questions.

I'm always happy to help and share my insight anyway that I can so please don't hesitate to reach out if you think I can help!

Hello @Drew Greene!

I am also new to real estate investing but will say that this forum and BP in general is a wealth of knowledge.  Other than the podcast, books, and unlimited YouTube videos I would also suggest attending local BP meet ups.  I recommend the Boston Real Estate Guild in Somerville. Well worth the $10.  I got out of the Marines in 2013 and spent years stuck in the rat race and I am also taking the leap into the path toward financial freedom. 

Good luck! 

Thank you all so much for the advice and support! I will definitely keep active here on the forum so that I can keep learning. I've set time in my schedule each week for REI research and professional development that PB will definitely be part of.

I also would really like to get involved in a local REI community, So thanks, @Alexander Wardell  for the suggestion, I will look into the upcoming events for the Boston Real Estate Guild!

Hello! @Drew Greene

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

The second is a post that will help get you focused with your real estate investing goals:

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

I love answering questions if you have any! Good Luck :)

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