Newbie from Northern NJ

[DJ Thompson]

Hello everyone!

We are a young investor couple (I am 26, Tina is 23) who are looking to get into the real estate business.  My mother was a real estate agent up in our area for 30+ years with her last 7 years doing new construction before she retired.  My mother and father have also been investors for roughly 15 years so they have taught me a couple things just by being around them. 

We are looking to start building up our portfolio specializing in multi-family/ multi-unit housing.  I have some family (also a ex-real estate agent down in Crystal Springs FL) who have been keeping me updated on the market down in the Tampa FL area which I plan to operate most of my business.  Reason being is start up capital is hard to come by for northern NJ markets.  I would love to bring it closer to home over time however.  My goal is to have a net worth real estate portfolio of $1 million by the time I am 35.  And double that number by the time I am 40. 

Our time frame to get started is within the year.  Currently we are saving funds and trying to learn as much as possible by asking around, books, webinars ect.  Next year we both look to get our real estate licenses for NJ.  We both work full time jobs (I am a sales manager of a Toyota store) and she is a school teacher so the real estate license may take time.   

I look forward to contributing and learning on this site,

DJ

[Adrian Smude]

@DJ ThompsonI currently do not invest IN Tampa but outside in the Brandon, Plant City, and Lakeland area, but yes South Tampa is a good area.  St Pete is hot right now.  Something to think about is investing closer to home if you never plan to move.  I have a friend in a small town in NY and he's doing just as good there or better than most people I've talked to in the Tampa market.  It'll be closer to home.  My point is the same thing @Brandon Turneris Always saying on the podcast, there is somewhere within an hour or two from where you live that has great opportunity.