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Updated over 6 years ago on . Most recent reply

User Stats

9
Posts
7
Votes
Christopher Cordero
  • Harrison, NJ
7
Votes |
9
Posts

Aspiring Investor from Northern NJ/NYC area

Christopher Cordero
  • Harrison, NJ
Posted

Hi everyone,

I'm an aspiring investor living in Harrison, NJ, in the greater NYC area.  I originally grew up in the DC/Maryland/Virginia area, but for the past two years, I have been working as a software developer in lower Manhattan.

I have basically zero background in real estate, but I hope to learn a lot from this community -- enough for my wife and me to invest in one or more rental properties within the next two-to-three years that will give us a nicer return beyond our retirement mutual funds.  Judging from the first few pages of the beginner's guide, I think we're looking at possibly doing some buy and hold strategies on single family homes and duplex/triplex/quads, since we both love our jobs and aren't quite ready to jump into the real estate game full time.

The amount of information to read up on and understand is dizzying, and I have never so much as held a mortgage of my own.  Still, I'm glad that I found this BiggerPockets community, and I am excited to get to work demystifying the mystery around real estate investing (for me).

Cheers,

Chris

Most Popular Reply

User Stats

100
Posts
51
Votes
Andrew Fredrickson
  • Rental Property Investor
  • Illinois
51
Votes |
100
Posts
Andrew Fredrickson
  • Rental Property Investor
  • Illinois
Replied

@Christopher Cordero welcome to BP!

This is what I would recommend if I was starting my REI journey over again:

  • Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DO
  • Listening to the BP Real Estate podcast https://www.biggerpockets.com/podcast
  • Listening to the BP money podcast https://www.biggerpockets.com/moneyshow
  • Attend your local https://www.biggerpockets.com/forums/521-events-and-happenings)
  • Start analyzing deals to get practice
  • Engage more on the BP forums
  • All the best!

    -Andrew

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