All Forum Posts by: Marianna Osipenko

@Alina Trigub, thanks so much. Really appreciate the advice. Trying to read as much as I can now, listening to podcasts, and hoping to network at some local events. Not sure if I am just impatient, but I really want to skip over the smaller properties, and go to a larger one with more cash flow and a budget for a property manager.

Good Afternoon Fellow BiggerPocketeers,

Finally launching my RE investment dream 15 years after getting my undergrad in RE Finance/Investment (and then a Masters in Business). I have spent the last 15 years doing business valuations/consulting, as well as selling small/mid-size companies. I have great analytical skills, and lots of business/finance experience, but have never owned investment property before. 

I am in the Boston area, and the RE prices are through the roof (RE pun intended). I would prefer my first investment to be local, so am looking at opportunities around MA (possibly Rhode Island). Cash flow is critical, and I have about $100k ready to go, and possibly another $100k or so from family/friends. I am looking at the 10-15 unit multi-families, as it seems to take at least that many units around here to cash flow given the high prices. Challenge is, my (only) mentor is strongly suggesting I start with a smaller property (2-4 units) to gain some experience (and likely forgo cash flow). I feel that once you are managing a multi-family, the size is really not that critical. In fact, the larger properties have the cash flow to afford a PM, as well as some reserves for Cap-Ex, etc. Can you please share how you started out? Do you feel starting with a 10-15 unit is doable? Would love some advice/success stories, as my mentor is beginning to shake my confidence a bit ... Would love to connect with anyone who is willing to share their expertise, or anyone local:)) Thank you in advance!