Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Newer RE Agent in NJ; New to Investing; Need direction to lead to Massive income
Hello all,
A quick bit about me, I am in my late 20's, love real estate, dedicated, and dream of owning many income-generating properties. I have pushed the dream of being a realtor and RE investor off for many years. Late last year I said enough of dreaming and got my RE license and joined a fantastic brokerage. Now, I am done waiting to begin my investment dreams. My goal is to become a millionaire by my early to mid thirties, so I need to get going lol.
My biggest roadblocks have always been my family (support wise), and not being able to find someone who could offer more than a few conversations and texts of guidance.
I am currently looking for a two-family unit to purchase, live in half and rent out half. I have always been the most interested in three types of RE investing. First is owning multi-family, single family homes, and apartment complexes to rent out. Second, which came from wanting the first, is to purchase properties to rehab to increase their value and then use their equity to acquire another property and repeat. I recently learned there is a name for a more refined version of this called BRRRR. Commercial rental properties have always intrigued me too. Recently, I have heard a lot about short-term rental properties, which I would not mind doing in addition to another method.
Ultimately I do not know where to start. I think I want to aim for the BRRRR method, but I also need a place to live. Currently, I am working two jobs to build up funds for my own home and investing. I am here to see if I can find some straight-forward direction on where to begin , maybe even sit down for a coffee or drink with a seasoned and serious investor in my area.