Investor from New Jersey

[Account Closed]

Greetings!

I've taken a few seminars on real estate and read a few books but theory is different from experience. Can someone help point me to the right direction since I want to start investing in real estate possibly start off in wholesaling and work myself to other strategies? Anyone here willing to help? I've been thinking about enrolling in an education package on real  estate which brings me to the Catch 22 scenario-- not having enough cash/cash flow to invest in an education to start with-- but knowing that real estate might be a vehicle for me to start earning a second stream of income. I'm planning on investing in real estate as a secondary source of income. I have spare time after work and during the weekends to work on deals. 

Thank you!

[Grant Greene]

Genevieve:

Good evening, and welcome to BP!  I hope this advice comes across as it's meant (just advice) rather than a pitch for your business - since my company is not licensed in New Jersey, you can rest assured that we're not trying to sell you anything.  : )

As you're about to embark on this very exciting new endeavor, I would HIGHLY recommend you meet with a mortgage/financial professional and share with her both your short- and long-term goals.  When you do this, she will be able to help you construct a plan that will enable you to reach your short-term goals and reap benefits that will provide the resources you'll need (and want) to reach your long-term goals.  Many new investors start off "hot", and they end up either overdeveloping their first property or they spend their money too fast - either way, they short-circuit their plans and end up sort of scuttling both their short- and long-term goals.  A mortgage/financial pro will be able to give you the guidance you'll need to avoid those potential pitfalls.  If you don't know a mortgage/financial pro, I would highly recommend seeking out two or three RE investors whom you trust (and you've seen them with a successful track record) and ask them for a referral to such a professional.  

I wish you the very best!

Grant Greene