New Investor - Northwest of Boston MA

Hi folks,

I’m new to the real estate world, but lately I’ve been doing a ton of research on rehabbing and flipping distressed properties.  Personally, I love the idea of new construction.....yes, it requires more financing, but you can start with a clean slate and build from the ground up, so there should be less surprises for the investor.  Specifically, I've had my eye on modular construction for a couple years now.  I wanted to build a modular home for my family last year, but between finding a suitable property and the trouble of selling our current home at the time, it just didn’t happen. 

Lately, I’ve been thinking….why not do this for another family?  Seems like a profitable part-time venture, and something that I would actually enjoy doing.  I can design a floor plan and hire or partner with a reputable builder/contractor, and I'll secure financing and work with a realtor.

My target market is northwest of Boston, along Route 3.  I live in Westford and I work in Bedford, so those towns as well as Burlington, Billerica, and Chelmsford make the most sense to me.  I'm not quitting my day job either.....just one property at a time for now, as supplemental income.

By the way, I had never heard of Bigger Pockets until I started searching around to see if other people were doing this….then I stumbled onto a modular flipping article by Mike LaCava.  This site is awesome!  It’s really nice to see people helping each other out in what I initially thought was a really cut-throat industry. 

Thanks,

Kevin