Getting Back Into Real Estate - Newark, NJ

[Leslie Thompson]

Hi my name is Les. I've always had an interest in real estate since 2002 when I used to work as a real estate agent in NYC (renting out apts in Manhattan). Then, I took a break from real estate and was working at a hedge fund from 03-08. In 2006, I bought an income property (the traditional way - no creative financing) in Newark, NJ. I live in one unit and I'm renting out the other. Given the distress in the real estate market, I feel it would be good time to get back into the market. So I joined a local real estate investment club in NJ to network with other investors and real estate professionals. I figured a good way to get back into market is to wholesale properties. I dont have any experience wholesaling properties but I have a few books here that Ive been reading. I also plan to take a wholesale properties course through the RE club I just joined. My goal is to make money wholesaling properties and buy some more income properties in the NJ area. I figure I start locally in Newark and the surrounding areas to get my feet wet. If there are any suggestions/tips from investors, it would be greatly appreciated. Thanks