NJ Newbie-Sort Of...

[Michael Leffelholz]

Hello All,

I have been lurking on the BP site for a couple of months and thought I would finally step out of shadows and introduce myself . My name is Michael and I'm from northern New Jersey. I am interested in pursuing a buy and hold strategy with an eye to building a cash flowing portfolio of residential properties in stable areas with appreciation potential. That's the newbie part. The not so newbie part- My partner and significant other have been actively investing in tax liens here in New Jersey and in Illinois through a third party since 2010. I am also a long time CRE lender. Really enjoy RE but banking not a much fun as it bused to be.

Right now my partner and I are not quite on same page as to where to begin this process. She likes to be more hands on and would prefer to be local while I would be willing to consider some long distance turnkey opportunities. I don't disagree with her rationale but I just keep thinking about the larger investment typically required in our market and the higher cost of property ownership- high prices and high taxes. Other markets would allow for a lower barrier to entry price wise and allow for multiple acquisitions also providing some portfolio diversification.

She and I did have a chance to get together with several other local BP members this past Saturday morning over coffee and "talk shop".

I have been very impressed with the level of info and expeirence here on BP and the communities willingness to help. Am hoping to play a more active role going forward. Did have my first post here yesterday.

Anyway, happy holidays to all and prosperous New Year.