NY & NJ Licensed Real Estate Agent, Investor & Business Owner

[Bill Polynice]

Hope all is well with you and yours, especially during this holiday season and beyond! Though I am not completely new to BiggerPockets forum, I never took the opportunity to make a New Member Introduction. As the title says, I have been business owner (Consulting, Project Management, Property Management) for a few years now but have recently taken a dive into real estate and relating investments. I've began accumulating knowledge from several different sources such as Brandon Turner and the likes, as well as a variety of different podcasts, including the Real Estate Rookie and more.

I have heard the BiggerPockets realm referenced from several different sources and am looking to see what I can learn here because I believe I can never stop learning. Being licensed in New York and New Jersey, I am looking to learn as much as possible from everyone but especially from individuals working/investing within the two states.

Some things, among many others, that are on my mind:

How you got into investing?

What's your current strategy? How does your current strategy differ from your past strategy(s), if at all? How well aligned is your current strategy with your future strategy/end goal?

What are your expectations for the near future of the real estate market that might influence when/how you invest?

[Abel Curiel]

Quote from @Bill Polynice:

Hope all is well with you and yours, especially during this holiday season and beyond! Though I am not completely new to BiggerPockets forum, I never took the opportunity to make a New Member Introduction. As the title says, I have been business owner (Consulting, Project Management, Property Management) for a few years now but have recently taken a dive into real estate and relating investments. I've began accumulating knowledge from several different sources such as Brandon Turner and the likes, as well as a variety of different podcasts, including the Real Estate Rookie and more.

I have heard the BiggerPockets realm referenced from several different sources and am looking to see what I can learn here because I believe I can never stop learning. Being licensed in New York and New Jersey, I am looking to learn as much as possible from everyone but especially from individuals working/investing within the two states.

Some things, among many others, that are on my mind:

How you got into investing?

What's your current strategy? How does your current strategy differ from your past strategy(s), if at all? How well aligned is your current strategy with your future strategy/end goal?

What are your expectations for the near future of the real estate market that might influence when/how you invest?

 Hello Bill and welcome to the forums! 

Sounds like you've had some great experiences leading to your current position. Wishing you all the best in the industry!

I totally agree with you here, we can never stop learning. I feel like 20 mins scrolling through BP forums can teach us a couple of new things each day. 

As for your questions:
How you got into investing?
I began as a househacker in 2010. Back then, I didn't know a thing about RE and I didn't even realize what I was doing was called househacking. I saw my grandfather and father use this strategy as I grew up and I just thought this was what people did in NY... didn't think too deeply about the benefits behind the strategy but I am glad I chose this path.

What's your current strategy? How does your current strategy differ from your past strategy(s), if at all? How well aligned is your current strategy with your future strategy/end goal?
I will keep househacking for another 5-10 years to accumulate 1-2 units per year. This strategy is aligned with future goals pretty well. I will take cashflow and equity to keep buying househack properties. I will use savings from the RE sales business and partnerships to purchase OOS multi-family properties.

What are your expectations for the near future of the real estate market that might influence when/how you invest?

I'm not too big on predictions. I read from people who predict a crash/correction as well as folks who believe our market will only continue to get stronger and more competitive. 

As anyone would tell you, Real Estate is local and cyclical. Here in NY, we've seen 10% value increases in 1-family properties and 17% increases in 2-4 family properties since 2020... 2020 &2021 saw 20-30+% increases in some areas but as we saw, rate hikes brought things kind of 'back to normal'. I have partners in the industry in different states who are seeing properties sit on the market 6+ months after a hot 2020-2022.

As for how this will influence my strategy, if the market takes a dive, I plan to buy more RE.

All the best to you on your journey. Looking forward to seeing you around the forums!

Abel