All Forum Posts by: Patrick Wheeler

@Neil Gulden Welcome to BP! When did you purchase the 3 family in Dorchester? Just curious. Looks like you have been off to a pretty good start. Feel free to reach out anytime.

@Kathleen Diaz Welcome to BP. Definitely stay active in the forums as well to educate yourself.

Welcome to BP David! The Boston market is definitely very competitive right now, but there are always deals to be had.

@Christopher Hui I honestly felt the same way in the beginning and maybe I just got lucky with my situation, but if you can put yourself out there enough, or even on here, it'll come eventually.

@Alex Cwiakala also, are you guys now going through with the rehabs yourself? I know Doug is helping out with one, but what about the other two?

@Lior Rozhansky its hard to imagine any of these markets not increasing overall. Everyone will seemingly continue to get pushed out of places until everything stabilizes. I know a developer that will say East Boston is already well underway to appreciating. He has seen a pretty significant demographic shift since the beginning of the year.

Very thoughtful introduction @Christopher Hui and welcome to BP! See if you can find a mentor/partner initially. Maybe that can alleviate some of the pressures of networking. That is one of my weaknesses as well, which is why it is such a current focus for me.

Feel free to reach out anytime..by the way I read the whole post! Lol

@Steve Brigham Welcome to BP! How close to breaking even are you house hacking the single? And do you live with people you know or random tenants? Just curious as I am pursuing house hacking right now as well and have been considering the possibility of choosing a single also.

Oh yeah, also I just moved from Quincy a couple months ago.

@Account Closed Wanting to acquire as many properties with the money you have is the mindset I had a while back. However, there's so many options out there to acquire property. Do you have access to private money? I would consider trying to raise that for down payments so you can get in with no or low money. I have a 10 unit under contract right now with none of my own money in the deal.

Also, especially if you are moving to the Boston area, I would focus on MF's. Like Andrew and Steve have said, house hacking is a great option. It's something I am currently pursuing also.

What are the two towns specifically? I looked at a couple properties in East Boston earlier this week and the market is so different that what I am used to looking at. It helped to have a partner there who works in the market and understands it very well. My recommendation would be to do the same, find a few local investors that really understand the area. Boston continues to be crazy.