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Updated over 8 years ago on . Most recent reply

User Stats

3
Posts
1
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Will Effiong
  • Real Estate Investor
  • Pomona, NY
1
Votes |
3
Posts

Newbie in need of some guidance

Will Effiong
  • Real Estate Investor
  • Pomona, NY
Posted

Hello BP community, I'm a newbie to REI. I live in NY but want to invest in Newark New Jersey simply because NY is too expensive and as a newbie I don't want to get in over my head on my first flip. My question is this, can I register a business a REI business in NY state and operate in NJ? Is the market in Newark a buyers or sellers market for a single family home? I hoping not to sit on a property too long simply because the market is horrible. I'm interested in the Weequahic section of NJ and its surroundings.

Also, I would like to network with some investors in the area who wouldn't mind being a mentor. Any advise, suggestion, and or guidance will be greatly appreciated. Thx in advance!

Most Popular Reply

User Stats

265
Posts
91
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Joshuam R.
  • Specialist
  • Florida
91
Votes |
265
Posts
Joshuam R.
  • Specialist
  • Florida
Replied

Welcome to BP community, hope all is well.

What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.

also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.

recommended books:

-Rich Dad Poor Dad

-Millionaire Real Estate Agent (known as the Red book within REA's)

-Millionaire Real Estate Investor (known as the Blue book within REA's)

-4 hour work week

-The E Myth for Real Estate Investors

-Profit First

-10x Rule

-Ultimate Beginner's Guide to Real Estate Investing (free from BP)

Good luck, you seek , you will find

#keepthehustle #lifeisworthliving #notdreamingitsreality

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