New Investor from NJ. Interested in flips and multi-family's

[Ryan Paltridge]

Hey guys!

I'm a newbie investor from Morristown, NJ. Currently work as a medical device consultant, but would like to make real estate investing my full time career (sooner then later). Been reading the forums for some time, and learned a bunch already from all of you, so thank you! I'm looking to begin flipping properties, buy a multi-family before the end of year,  and stop flushing my money down the toilet on rent. Been reading a bunch, including Brandon's book, and would like to network with other investors in the area, learn as much as I can, and take the leap. 

Been looking at foreclosures lately for my flipping opportunities, and thinking of doing a FHA or 5% conventional for my multi-family since I won't have a tremendous amount of funds liquid for a down payment. Any thoughts, tips, comments would be greatly appreciated. Thanks guys!

[Paul Timmins]

@Ryan Paltridge

Welcome. 

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 rehabbers (cash buyers). You can Google to locate them and go to meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul