Newbie to Investing

[Jack Jennings]

My wife and I are just getting started with our real estate investing future and stumbled upon this gem of a site. We're eager to learn more about how we get started so any comments or suggestions on initial strategies or connections would be helpful. We are especially looking for networking contacts in our area.

[Paul Sorgi]

Welcome and I am not in your area but we can still connect here in the world of virtual networking.

So your looking for initial strategies. What interests you and your wife? Buy and Hold SF, Multi, Apartments etc. Commercial, Development, Land, Rehabbing, Lending, etc.

The big question is what do you want to accomplish and when do you want to reach your goal. EX: I want to make 1000k net per month from rental property. Or I want to make an extra 100k this year.

In example one you could decide to buy and hold SF and you find an area where you can net 250 per month per house. Now you know you need 4 houses to meet your goal.

Second example you just want to chunk money and decide that you can make 20k per house flip . Now you know you need to flip 5 houses this year to reach your goal.

OK, hope that helps. Search all the above in more here on BP and you will be very happy with the information people have and will share.