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Updated over 8 years ago on . Most recent reply

User Stats

19
Posts
11
Votes
Michael Fiducia
  • Real Estate Investor
  • Union, NJ
11
Votes |
19
Posts

New Member Intro - Northern NJ

Michael Fiducia
  • Real Estate Investor
  • Union, NJ
Posted

Good afternoon everyone! 

This introduction is longgggg overdue. Should have posted it when I first joined BP about two years ago but I got so pumped up after last night's webinar with @Brandon Turner that I will not waste another day! I can't stop thinking about all the opportunities in both deals and networking that I have missed from not engaging in the community. At the end of the webinar I created a 9 point action plan based off everything that was covered. Posting this introduction was #2. Enough is enough, I'm ready to start building my empire today!!!

Quick background on me: 

Current MBA student in Rutger's newly created Real Estate program. I teetered back and forth with the idea of going and incurring student debt. However, the biggest and most influential RE developers in NJ are on the board of this program and will be teaching classes. Not their employees but the actual principals of the firms. So after a thorough analysis, I decided the network and opportunities that will be made available through the program outweigh cost. 

I spent two years working for a developer/general contractor who had a 50 unit portfolio in Elizabeth, NJ with a mix of affordable and market rate units. I built a solid knowledge base of construction and developent and also made some good connections in the industry with brokers, agents, HM and private lenders, contractors and local politicians. I have since moved on from the company and work for a CRE accounting and project management software company (another great networking platform).

However, now is my time. I am actively looking for a property to perform my first flip. I found what seems to be a good deal and will be viewing the property on Saturday. On Sunday I have a meeting with a private lender to possibly fund the deal. My goal is to build a sustainable flipping operation while reinvesting profits into value-add multi-families to begin building my portfolio. 

The one thing that really resonated with me from last nights webinar was when Brandon told us that he just purchased a 4-plex that will fund his daughter's college education. I don't have any kids yet but to me it was such a profound statement and resonated at such a deep level because my main driver in creating wealth through real estate is to give my family that financial foundation. 

I would love to meet and connect with any investors, lenders, brokers, attorneys, accountants, etc. in the area. There are not many REI networking groups in the Union/Morris County area so I am looking to start one with meetups in Morristown, Cranford, and Scotch Plains. If you think it could benefit you let me know and I will get you involved early.

Happy hunting!!

Mike

Most Popular Reply

User Stats

27
Posts
12
Votes
Angel M.
  • Elizabeth, NJ
12
Votes |
27
Posts
Angel M.
  • Elizabeth, NJ
Replied

Hi Mike, 

Welcome, even though it sounds like you've been around here longer than I have :)

Sounds like this webinar really got you pumped! I haven't attended one of these yet, but your enthusiasm inspired me to sign up for the next one.

If you do organize meetups in Union County, NJ be sure to post them here on BP. I'll keep any eye out for them.

Best of luck to you. 

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