Matt from central NJ ready to learn and earn

[Matthew Flores]

Hi BP fam!

I'm Matt and I've been a member of the BP community for over a year, but never been involved in posting. I'm from Central New Jersey (732) and will finally be getting my feet wet into real estate. 

My goal is to own 2 duplex or multi- family properties by December 2017. My credit is poor and my debt is under 7k. I'm waiting for a big check soon (20-50k) from a settlement sometime next year, and would like to start generating cash flow with that money, even sooner if the opportunity arises. 

I would like to connect with anyone who wants to help motivate me to succeed.

And if anyone who can recommend good threads to read please post them for me and I will get to them.

Right now for income I am  self employed by reselling sneakers. It's a pretty good gig, but its only getting me by. I need to start building for my future now, so that I can be generating enough income to be financially free. 

And how will I start this endeavor? 

Seller financing. I choose this method because my credit score is bad, and I like win-win situations.

How much money can I save to invest in real estate?

About 10k within the next 6 months.

Why do I think real estate is for me?

I have time, so I can LEARN, look for deals, go check properties, and build my network.

I have skills, I'm handy, which I believe will help when it comes to turning over tenants, understanding estimates and estimating costs for certain repairs, I'm a effective communicator and a great salesman, so I know how to get a yes.

I'm BILINGUAL! I believe that can be a great edge into the market. By being fluent in both Spanish and English, I think it will allow me to effectively get my point across to a lot of distressed Latino property owners. 

I'm not afraid of risk. I am not nervous when it comes to money and dealing with it. I know it takes money to make money. I learned a lot about money from a gambling binge I had in 2013. I left pretty much even, but from those swings in emotions from the table games, I've become emotionally numb to the whole spending and investing large amounts of money. 

I want to be there for my family. I want to be able to support my family and have a flexible lifestyle. 

Thanks for reading and supporting this forum. I truly believe BP will help me succeed and this community will support me throughout my future experiences. 

-Matt