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Updated over 8 years ago on . Most recent reply

User Stats

52
Posts
14
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John Jimenez
  • Burlington Township, New Jersey
14
Votes |
52
Posts

Newbie to BP and REI! New Jersey

John Jimenez
  • Burlington Township, New Jersey
Posted

Hey guys, glad to have found this awesome site!

My names John Jimenez, I am 24 years old, married and currently a member of the USAF living in Idaho, who's contract ends March 2017. 

My current plans are to move back to New Jersey at the end of my contract and use my GI Bill for college and housing, and purchase a duplex (living in one of the units) using the VA loan. I would love to one day own many homes which I rent out for passive income (Buy and Hold?), and possibly even some flipping down the line. As of right now I am on podcast episode 35 and have recently started reading the beginners guide, both of which I really enjoy!

Currently since I live in Idaho I am not really confident in purchasing any homes in New Jersey so I would rather wait till March 2017 to begin my real estate "career", but I plan to soak up as much knowledge as I can until that time to better prepare myself. Does anyone else who has had a similar experience have any advice for a newbie like me? 

I look forward to getting to know as much people as I can! Thanks for any advice I receive!

-John Jimenez

Most Popular Reply

User Stats

1,980
Posts
572
Votes
Joseph Scorese
  • Banker
  • Philadelphia
572
Votes |
1,980
Posts
Joseph Scorese
  • Banker
  • Philadelphia
Replied

Hi @,

Welcome to BP!

Thank you for serving our country first.

Some simple things to get started;

* Join Real Estate Educational Networking events in your area. (Example: South Jersey Investors)

* Consider obtaining your Real Estate License (Access, Knowledge and Education)

* Evaluate towns where if you buy the multi family the rents will cash flow well once you move out and consider it a strong investment property (Follow the train lines) Renters near trains go to work and are able to pay there rent.

Any questions let me know.

Regards,

Joe Scorese

  • Joseph Scorese

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