New Member from North NJ

[David Da Silva]

Hello ladies and gentlemen of Bigger Pockets.

My name is David Da Silva

I would first like to say that I'm very excited to be a new member of this awesome community. I look forward to meeting local real estate enthusiats and chatting with many more on the forums. I'm located in Northern NJ -specifically Bergen and Essex County.

For as long as I could remember, I always had a strong desire for creating/developing businesses as opposed many of my friends that were satisfied with their 9-5 jobs. I can always appreciate the the concept of working "smart" instead of just working "hard" for money.

Like many people here, I read Rich Dad Poor Dad, and my whole thought process on finance was changed by the idea of generating passive income and using debt as a tool for business! I believe that now more than ever investing money properly is the key to financial success. I have dealt with other forms of investment such as 401k, stocks, forex, and hedge funds, but believe me when I tell you: I am now hooked on real estate!

I ran into Bigger Pockets in a search for more info on real estate. I was blown away by the resources shared on this website, let alone the podcasts (I'm already on BP episode 71, the content is simply staggering).

I currently work for an international parts importer in the automotive industry under the title of Account Sales Executive. I deal with accounts all over the Tri-State area which have allowed me to familiarize myself with other potential markets that show promise. I deal specifically in B2B relations, and my experience in this field has allowed me to sharpen my effectiveness in closing deals and creating successful business strategies in a competitive environment. 

I hope to share some of my skills with you, as I'm sure you guys will be able to do the same along the way. 

As a new real estate investor, I plan to start off with a small multifamily (the taxes in NJ are treacherous) since the additional rent will help to offset some of the expenses. I like the buy and hold strategy, so I think that will be the route I plan on going with. 

I'm currently looking to get my realtor license as well and perhaps saturate myself more in the realm of real estate to gain more experience. Any help, critique, or advice is gladly welcome!

Hopefully I didn't bore you guys with my blabbering.

Anyways, looking forward meeting more of you guys.

[Johnathan Boyle]

@David Da Silva Welcome to BP. First, congrats on finding this resource. It is awesome. Second, congrats on planning to get your license. It is definitely an advantage in this market in my opinion. As far as buy and hold, do you have an idea of how you want to purchase? aka 203k, fha, conventional loans or hard money or all cash? and as far as markets, you need to see which works better for you, appreciating markets or cash flow markets as Essex and Bergen have both.