Investing in Providence Rhode Island

[Jeffrey Haynes]

Hello All!  Jeffrey Haynes aka Mr. Lif here doing my first formal post.  I've been a BP member since 2017 but have been quietly honing my skills as a deal provider since joining. My recent Track Record is: June 2018, closed on a 4 unit building in Pawtucket, Rhode Island as a house hack. July 2018, closed on the sale of my family's long time primary residence (a single family home in the Greater Boston Area). August 2018, closed on the purchase of a duplex in Providence. My focus and specialty is purchasing and renovating distressed multi family properties in Providence and Pawtucket and renting for cash flow. Wether you're an out of state investor interested in these markets or an active investor in these markets, I'd love to hear from you and learn about your experiences and goals.  

[Anthony Thompson]

@Jeffrey Haynes welcome to Bigger Pockets! I know another very accomplished local investor and property manager who also started out with a 4 unit house hack, so I think you're definitely on the right track.

You've definitely come to the right place. Our part of the country has a lot of aging housing stock so there's ample opportunity to upgrade the RI housing supply and get paid to do it (either in one lump sum by selling, aka flipping, or by buying and holding and renting out better units for higher rents).

If you haven't already done so, I'd recommend checking out the RIREIG group that meets monthly in Warwick, and the Black Diamond REI group that meets twice a month in southern Mass, as it seems you're active in both areas and both groups are education oriented (not trying to sell stuff).

I've personally attended both groups and found a lot of good attendees at different levels, from beginners/dabblers to full time investors.

Let us know if you have any specific questions of course!