Never Bought Before from Williamsburg, VA & Moving to New Haven, CT

[Will Melton]

Hey everyone. I just started listening to the BiggerPockets podcast today as I am anticipating a move in about 6 months and am considering buying a multifamily home in Connecticut.

I am currently a partner in two businesses in Williamsburg, VA and rent a condo that I love. I plan to keep a room in my condo when I move so I can keep a finger on my businesses here. I've always had a knack for business, but I haven't always been great with my personal money. Recently, I embarked on a plan to pay off my debt and start saving/investing. I'll have virtually no debt by the time I move and will have the ability to save a decent chunk of money each month.

I've know real estate investing to be a profitable venture for many, but never saw myself in a position to get started in it. It looks to me like there are a number of opportunities for either flip or multifamily cashflow situations in New Haven as this is the home to Yale. My girlfriend will be pursuing a PHd there.

Anyhow, I am not sure what direction I am going to take this, but I have a mortgage guy looking at my situation to give me options so we can purchase a home for ourselves, but I figured I might want to dive into this thing and really make some money for myself. Any advice is more than welcome and I will try to reply as soon as I can to any that is offered. My second company keeps me rather busy, but investing in real estate looks promising and I may choose to shift my focus soon.

As an aside, I am a digital marketing strategist my trade, so I am looking to bank on that experience as I get into the real estate investing business.