Hello, newbie from NJ

[Abdul R.]

I am from NJ and new to real estate investing. Currently I have been reading up on may real state investment articles and resources. I have capital of my own hard earned money which I'd like to put to good use. I am thinking of educating myself and learning the rules of the game for the next 3 months or so before jumping into flipping, rehabbing, and they do excite me a lot. I would like to you know your suggestions, tips on what to do next. Are there any good real estate seminars available in NJ area? What would your top 1-2 books that you recommend for me read? Are there good online resources that you recommend me to buy and learn? I would like to be in touch and learn more. This looks like a great forum. So much resources, so much to learn. Thanks a lot.

- Abdul

[Brian Burke]

Welcome Abdul,

There are essentially three things you need in order to succeed in RE investing:

1. The ability to find good deals
2. A viable strategy
3. Money (yours or someone else's)

Having some of your own capital to work with gives you a huge head start, but you have to move with precision. One way to make a small fortune in real estate is to start with a big one, and a bad strategy. There are tips on items 1 and 2 all over this site. Move carefully, but don't get stuck in a paralysis of analysis.

Ask questions here, network with local people that are doing what you want to do, and read a couple books. Save the seminars for after you have done a deal, or a few deals, the material in the seminar will mean a lot more to you then.