Hi all! Newbie from Paramus, NJ

[Joseph Chui]

Hi BP Community! My name is Joe Chui, I'm a newbie in REI, meaning ZERO experience. I'm originally from San Francisco, currently living in Paramus NJ, moving into Manhattan this October.

I work as a sales consultant for a internet domain name company. Being a consultant there are flexible hrs, i get to work from home, but there are no benefits or 401k. Reading Rich Dad Poor Dad I knew one day I would grow my retirement thru REI.

I love to bike, swim, play basketball, play my guitar, and do things outdoors. Unless it's board game night, then i'm staying inside (catan, cashflow, spartacus, agricola, risk).

I stumbled across BP from a thread I saw linked on Yahoo Finance. So far I've read a lot of great threads, subscribed and listened to half a dozen podcasts by BP and growing my respect for this community and the RE industry each day.

My RE goal is to hit an income goal of $250k/yr within my first 5yrs and my end goal is to create a $20k/mo cash flow each month for retirement. I know this is a bit ambitious but I know with the right mentor, a strong work ethic, and a bit of luck it will happen.

I'm looking to meet mentors or partners within the NJ area and also the NYC area who are active in the field. I have a little saved for my first property, no debt, decent income, and good credit; just need some guidance and glad that BP is here to connect me with the right people. I understand that to get to my goals it must be a full time effort. I would like to steadily transition from consultant work into full-time REI when cash flow and/or experience allows. I would also like to take my REI international within 1-2yrs as I have a lot of family and resources in HK/China.

I believe for my goals flipping is the right strategy while adding rental properties along the way as I get experience. (open to feedback)

I look forward to my journey into REI. I truly believe it is the best investment vehicle one can make, if vetted of course :)