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Updated about 5 years ago on . Most recent reply
How to get started in real estate
Hello everyone! I want to get started buying properties in the Essex county NJ area to build wealth for my family. I have close to $10,000 saved up. Can anyone give me some advice on how to get started. I have read a lot of books on real estate and now i'am stuck in place. So please help with some advice on where to start.
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Welcome to BiggerPockets, and congrats on saving 10k!
I recommend you start to narrow your focus and define your target. Are you looking to buy and hold? Flip? Will you start with condos, multi-family, etc?
While you are thinking about your strategy, search for local real estate meetups in the area. Attending those meetups can be a quick way to develop relationships. Put yourself around people who are doing what you want to do. You definitely want to start looking for an investor-friendly realtor, and you probably should speak to a lender in the area who can help you determine what you can afford. Best of luck!