All Forum Posts by: Ian Walsh

NJ has some great markets.  I started my career wholesaling there.

All of those forms of marketing work.  Establishing a farm area is always a good idea.  Marketing techniques all work. Some will hit at different times than others.  It's usually good to start with a few, be consistent with them and see what is working and what the cost is.  

Off white.

Learn your market and learn to market.  The 50 house rule also can be very useful when getting started.

Everyone's resources are different but in general a negative cash flow situation is not a good idea.

Investing locally is usually the least amount of risk.  When you can't drive to your property, you add a level of risk.

Yes.  You have to buy lower though.  The market hasn't fully recognized the new pricing so you are still looking at low interest pricing.  That is changing though.  There are less deals, but they are there for sure.

If I was new to real estate, I wouldn't touch that money.  I would first learn to make it on under 20k via wholesaling or listings/selling.  Once I have done a couple hundred deals, I would know exactly what to do with the 800k so my risk is very low.