All Forum Posts by: Garrett Pfau
Garrett Pfau has started 1 posts and replied 3 times.
@Zachary Jensen Any update here? I live in a high COL area and a current roommate and I are trying to figure out how to partner on a triplex house hack in order to have funds for value-add work. If only one can sign on the mortgage, I'm trying to figure what structure would make it worthwhile to the other since they wouldn't be receiving tax and credit building benefits, etc.
Post: 22yo New Investor looking to start in Boston area
- Boston, MA
- Posts 3
- Votes 2
@Brian Connelly @Patrick Wheeler
I am definitely looking outside of the city center, but have yet to decide on a specific area. Brighton, Medford, Watertown, and Jamaica Plain are areas I've been drawn to in my short time here, but I plan to continue my on-the-ground scouting of different areas over the coming months. Thankfully, I typically travel for work from Monday-Thursday, so the commute time is not a huge factor for me personally.
Post: 22yo New Investor looking to start in Boston area
- Boston, MA
- Posts 3
- Votes 2
Hello BiggerPockets,
I recently moved from my hometown of Kansas City to Boston to pursue a consulting career post-undergrad. As I began evaluating housing options for when my lease ends in August, I slowly fell into an internet rabbit hole that took me from looking at renting a single room, to buying a house and renting the spare room(s), to debating a live-in duplex/triplex investment, all in the name of getting my monthly housing expenses down (and maybe even turned into a monthly housing income?).
Compared to the market in my hometown, prices in the Boston area are dramatically higher, especially for a first-time buyer. As such, I believe my first priority is to research and understand what sort of low-money-down financing I can source for this first investment (FHA 203K has come up). I'm also curious to learn about any other sort of private and/or alternative financing that may work well with my scenario.
While I don't yet know what my 10-, or even 5-year plan is, the idea of pursuing REI as an escape from the "rat race" is very appealing to me. Even if it just allows me to pursue a career I find more enjoyable at the sacrifice of a corporate salary, it'll be a huge win for my long-term quality-of-life.
Looking forward to learning more!