New investor in Northwest New Jersey

[Richard Neumann]

Hi! My name is Richard Neumann and am a 31 year old near Belvidere, NJ. I have renovated 3 rental properties and 2 personal properties with my father. He has been the money and I have been the labor. I'm a mechanical engineer/project manager by day and jack of all trades at all times. I am looking to understand the financial side of real estate to find investors to renovate properties to either flip or turn into rentals. The end goal is to build a portfolio of properties of my own. We are a competitive family (I have two brothers as well) and while my father is currently in the lead in properties, I hope to equal or surpass him in the next few years.

I have tried to stay sharp and in tune with my local market after buying my personal property four years ago. My live in reno is almost complete. So I have been looking at distressed properties, drafting excel sheets to determine ARV of properties, following them to completion and then comparing what they sell for and the repairs they did to my sheets. I am happy to report that they have been within what I consider the margin of error. Now that I'm comfortable with that aspect I need to understand investing/loaning and of course that means networking. Something I have never been good with as I am quite the introvert. So what better way to start than from behind a keyboard! So let the learning and networking begin!