All Forum Posts by: Ellie T.
Ellie T. has started 18 posts and replied 64 times.
I'm also new and found it beneficial to meet people face to face at local REIA meetings. Check meetup.com for meetings in your area.
Post: Researching a city
- Investor
- Boston, MA
- Posts 73
- Votes 18
following
Post: Is this a good idea?
- Investor
- Boston, MA
- Posts 73
- Votes 18
I am a busy Single mom from Boston, and will not qualify for FHA. I have $50K cash in hand to invest, and due to my current commitments was leaning towards MF buy and hold rental properties with the goal of building a 5 property retirement portfolio (I can invest 30-50K/quarter so this will be my first). MA is priced way too high ($50K at 25% down will only allow for a $200K property which means almost nothing in MA- maybe I can find something in Rhode Island). Investing out of state concerns me due to the distance/remote management and my lack of experience.
What would you do?
Can you recommend a management company and a locale where I can make this happen?
I am busy studying as much as I can, but would love some direction from experienced investors like the amazing ones I found at BP. Thank you all!
Ellie
Post: Busy single mom with 50K to invest- where?
- Investor
- Boston, MA
- Posts 73
- Votes 18
Busy Single mom from Boston. Have $50K cash in hand to invest, and due to my current life requirements was thinking MF buy and hold with the goal of build a retirement portfolio (I can invest 30-50K/quarter so this will be the first one). Boston is priced way too high (50K at 25% will only allow for a 200K property which means almost nothing in MA- maybe I can find something in Rhode Island). Investing out of state concerns me due to the distance/remote management and my lack of experience.
What would you do?
Can you recommend a management company and a locale where I can make this happen?
I'm spending every free second studying all I can, but I am struggling with the above.
Ellie Tamari