All Forum Posts by: Brandon Rush

Thanks for the insight @Lien Vuong!

Hey team,

I'm a new investor in Boston and I am excited to get after some creatively financed buy-and-hold deals. I bought my first investment last year and feel pretty confident in my deal finding, renovating and management chops. My only hesitation in jumping in to find my second deal right now is the volatility in the job market. I live in Boston where my PITI is really high and I don't have enough cash to keep up with the fixed cost of a multi-family building without rents. For context, my cashflowing duplex right now is about $4k/month before any repairs.

My worst fear is buying a property, getting tenants and having those tenants lose their jobs unexpectedly (i.e the virus gets worse) and leaving me footing the full bill every month.

Does anyone have advice on how to qualify deals/tenants in a fluctuating market?

Any advice is greatly appreciated!

Excellent question! I'd agree with @Anthony Gayden. I've gotten started with buy and hold investing while working full time. Most of the time your attention is pulled to your rental property because of tenant problems. Tenant problems, of course, are not daily events and can be leveraged out easily (with a property manager or a good handyperson). Being a landlord isn't a walk in the park, but you'll get less calls/week during the day managing a rental than you would managing a flip.