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Updated about 10 years ago on . Most recent reply
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Just another newbie.
Hi, I'm Andri from Newark, NJ. Sorry I skipped this step. But I'm here now doing what I'm supposed to do. I'm really glad I found this community. I'm here to learn, connect and eventually pass on the knowledge to others.
I just finished reading the "Ultimate Begginer's Guide to REI" book. Loved it! I may start from buy and hold. Hopefully I can find an owner-financed deal nearby. Since I'm self employed, traditional loan might not be an option for me. I think a small multi family house should be a good start.
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- Rockland, MA
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Welcome. Time to build the foundation below.
Check out the Start Here page http://www.biggerpockets.com/starthere
Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 90 past ones to catch up on.
Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.
Consider checking out HUD homes for small multi's owner occupied gets first crack.
You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Good luck
Paul