Cash Flowing Multi-Family Properties in Boston
Hi Everyone!
Im looking to purchase a multi-family property in the Boston area. This is a first time purchase for myself and my significant other. It will be as a house-hack to stop paying rent and to begin a real estate investment portfolio. The plan is to live in the property for at least a year, then repeat the process by purchasing a new multi-family property, move into the new property, with the first property cash flowing once its fully rented and no longer owner occupied.
Boston is obviously a very expensive market and when I run numbers on properties seems as though even getting to the 1% rule is hard to do. Does anyone investing in multi-families in Boston have advice on what you look for when purchasing multi-families that cash flow?