New to the Industry, on the East Coast

[Courtney Allen]

Hey BP Community,

I am brand new to the real estate world and have been researching for months (analysis paralysis?) getting prepared to purchase my first home. I am looking to network and learn from others, both experienced investors and newbies with their own perspective! 

What drew me to REI is the possibility for short term rentals; the hospitality industry has always been of great interest to me and I'd like to provide experiences in cities along the East Coast. In this initial stage though, I am searching for a multifamily unit, preferably in DC or the DMV area. I spend much of my time in MD, but currently live in NYC and work in NJ! Eventually I'd like to invest in several properties along the East Coast, including Orlando and Tampa, FL for short term rentals.

I would love to understand how you got started in RE, how you found deals (is there such thing as off-market deals in this climate?) and what made you successful in this industry. I am looking to network with this like-minded community, share ideas, and understand today's market in 2022. Looking forward to chatting with you!

[Tsipora Smith]

Hey Courtney! I saw you are looking to buy your first property. Did you mean investment, personal or are you planning to house hack? I personally started off with a home for myself that I then flipped. This pulled me into the world of flipping. I now flip as well as use the BRRR strategy for buy and hold properties to build wealth.