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Updated about 6 years ago on . Most recent reply

User Stats

7
Posts
5
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Nwachukwu Onyeaso
  • New to Real Estate
  • Jersey City, NJ
5
Votes |
7
Posts

Old dog eager to learn new tricks!

Nwachukwu Onyeaso
  • New to Real Estate
  • Jersey City, NJ
Posted

Hello everyone, it's great to be here. I moved to the US 3 years ago and I live in Jersey City, NJ with my wife of 10 years. In that time we have been renters but are now in agreement that we should look to buy a home. Easier said than done when you choose to live in such an rapidly appreciating, hot property market like ours. Cue David Greene's exceptional book - Long Distance Real Estate Investing - which led me here and has helped me think through what my investing philosophy needs to be. 

Above all, I am hoping to connect with anyone whose investments are out-of-state rental properties and are currently doing over 20 deals annually. That said, I'm also keen to network and meet people so say hi and I'll say hi back. 

I am interested in in buying rental properties that lend themselves to the BRRR strategy in these markets - Houston, El Paso, Tucson, Baltimore, DC, Philadelphia, Louisville, Indianapolis and Orlando. I've set myself a minimum target of 10 deals in 2019. My long term goal is to build up a significant enough warchest through real estate investing to focus on affordable housing initiatives in my home country.

My background is in finance and I am a Chartered Financial Analyst (CFA) charterholder so if you need a pair of eyes to look over your numbers with you, I will work for coffee and donuts! At least for now.  

Most Popular Reply

User Stats

6,241
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3,800
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Aaron K.
  • Specialist
  • Riverside, CA
3,800
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied

@Nwachukwu Onyeaso going from renter to 10+ properties in a year may be a bit aggressive, and if it were me I'd focus on return as opposed to number of units.  Do you have a plan to obtain financing for all these properties?  Aggressive goals are great as long as they are semi-realistic.

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