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Updated almost 9 years ago on . Most recent reply

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12
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Paul Falardeau
  • Rio Rancho, NM
2
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12
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Newbie Paul from Albuquerque

Paul Falardeau
  • Rio Rancho, NM
Posted

Hello all!  My name is Paul and I'm from Albuquerque, NM.  I'm new to Real Estate Investing.  I've been to some classes and I'm reading everything I can get my hands on.  I look forward to learning even more here on Bigger Pockets.

My long term goal is to invest in multi-unit apartment complexes for regular cash flow, and I'm currently looking at some four-plexes to get started.

My short term goal is to do several fix & flips for at least the next two to three years.  

My challenge is funding. I do not have much cash on hand, and even my "retirement" funds are not very big. I know I can use HML for fix & flips, but I'm not sure how to fund my rental properties. Anything I can learn from all of you seasoned investors would be greatly appreciated.

I'm looking forward to the day when I'm experienced enough to help other newbies here on BiggerPockets.

Most Popular Reply

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320
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154
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David Torres
  • Full Time Investor
  • Albuquerque, NM
154
Votes |
320
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David Torres
  • Full Time Investor
  • Albuquerque, NM
Replied

Welcome to the website!  Check out the podcasts for inspiration and direction. 

Also, make sure to check out the local REIAs for local advice.  We have 2 active REIAS.  The first is Albuquerque Congress on Real Estate (http://www.meetup.com/ACRENM/) the other is the ABQREIA (http://www.meetup.com/ABQREIA/).  

Good luck and let me know what I can do to help you out.

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