After spending five years in a single-family home in Saint Petersburg, Florida, my good friends Julia and Shelby were ready to move back home to Massachusetts. The two were no strangers to building sweat equity having recently made out well in the sale of their charming fixer upper down South. But this time around, they wanted to skip the home improvement projects and move right into something turn-key.
The house hunt spanned an entire school year for Chrissy, a local music teacher, but it was well worth the wait.
Chrissy, who relies on public transit had been saving up to purchase her first home in Medford, Malden or Arlington. Home values in these areas have seen a recent surge thanks to easy commuting options into the city. To justify the high-priced mortgage payment, Chrissy decided that she needed plenty of space. Not only did she want a home that could fit her piano and guitars, she was also looking for a two-bedroom so that a roommate could help cover the housing costs. Continue Reading
Some of the best plans are made over a cup of coffee. I first met Matt at a Starbucks in Somerville after he heard me speak about real estate investing on the Bigger Pockets Podcast. He was determined to make his first multi-family purchase before his apartment lease ran out. By the end of our meeting he had a clear roadmap outlining what needed to happen to hit his goal. Continue Reading