All Forum Posts by: Juan Reyes

well since you don't know what you want to do I would consider things that can be implemented in any industry. I.E accounting, Law etc 

But don't you have to get some core classes out of the way first ? I'm pretty sure taking those will Give you 2 years time to get them out of the way until you have to choose a major. 

By then you'll have experience in real estate and you'll have a better idea of what you want to do.

All these are opinions of course I could be completely wrong just offering a way to think about it. I think you can do both, it all depends how much of your life you're willing to commit. 

I think you should at least enroll in a community college and minimize your cost while at the same time getting your real estate license and begin getting experience. You're 18 you still don't know which path fits you best, and you will figure it out by gaining experience. 

Set your college schedule so that you only have to go two days and you have time to do other stuff on the other days. 

I personally think its important to finish anything you start and your education is no exception. Whether you want to pursue higher degrees after your bachelors that's a different story but your young now and you have very little responsibilities in comparison to what your life will look like in a few years. Utilize these years to gain as much experience and better yourself at every step of the way. College is a great way to learn and meet people if you take it serious.. however hands on experience is irreplaceable.

Best of luck, If you want a job in Jericho Long Island, PM me, I can get you an interview at the bank. We're a direct mortgage lender. 

Welcome Steve and Idara, 

There are a ton of resources here and I have found that most Bigger Pockets members are very willing to help. 

there's many questions I would have when it comes to securing the loan. 

For example a couple of them would be:

•  where do you work in relation to where you will be living. 
• The cashflowing deal that you have now.... was it purchased with a primary residence mortgage, or as an investment property? 

But I guess this would be off topic as you only want to know about the areas for now. 

I personally have seen many clients of mine make the same decision to look in NJ. I believe this has been a trend for the last few years and some parts of NJ are seeing astronomical appreciation because of it. 

All in all, If you find the right area and the right property this can be a great idea for potential cashflow and even appreciation as the trend of moving out of NYC continues. 

I would get in touch with some realtors in these areas and get some listings so that you can get an idea of what is available and start comparing. 

 All these are my personal opinions only 

I personally have always worked for myself, so I understand what you want to do. It isn't easy at all and it doesn't get any easier as time goes on, but if its your passion it can be very rewarding and fulfilling. As long as you can live with this and not let it stop you then you will be fine. 

I personally suggest that you stay in your job and begin investing when you have the cashflow from your job because $60,000 can go very quickly when looking for deals, investing in them, and at the same time feeding yourself. 

I would first narrow down exactly what you are looking for, and get in touch with realtors out in Ohio that can help you find properties. Then maybe take a little vacation from your job and go to Ohio, to look at the properties you have narrowed down, this way you can decide which one to take action on. 

At the same time, knowing that you have this idea, of being independent, in mind. I would suggest that you do a self evaluation and figure out how you can lean yourself out, because you will need to be as lean and flexible as possible in order to take advantage of good opportunities as well as deal with the inevitable ups and downs. 

Unnecessary bills and expenses can hurt you and your investing career. I suggest a self evaluation and then a realistic adjustment of your current habits. 

The most important part of being independent and investing is being disciplined and not letting your emotions dictate your investments. If a deal is not good, then don't justify it, just scratch it and move on, there are many many deals out there, its just a matter of being more active and working harder than everyone else to find them.

These are all just my opinions, you should take everyone's opinions, consider them and then make a decision that you can live with.  

Best of luck to you on your journey, I hope you do great!

The BP community is a great one to be a part of as I think many of us actually want to see each other succeed. 

Hey Ryan, 

It all depends on your current income and debt. As you may or may not know FHA and Conventional mortgages have to abide by regulations that dictate what percentage of your income the mortgage can be.

Now because you have a two family, you can use the rental income as income to help you qualify for the loan. But you are only allowed to use a percentage of that income, not the whole amount. 

Also keep in mind the bank will most likely want to see that you have some reserves in place. 

All in all it sounds like a good idea in my opinion, but then again I have not had a chance to review the whole situation. Best of luck on your investing career! 

whats important is to take action once you have figured out the plan! 

Ill take an inventory list as well [email protected] 

Hey Naeem good luck to you ! I am a Baruch alumni, great school, maybe worth picking up a real estate class or two at Baruch if you need to fill some credits. 

If not BP has been a great help to me personally. I already have property and I am hoping to do my first flip this year. BP articles, tools, and podcasts have been a major help to me.

I am also involved in the business through lending so it helps me out but you can definitely get the job done either way.

Best of luck to you and feel free to reach out with any questions or doubts you have, if  I don't know the answer I will try to help you get it. 

Also consider going to meet ups those are great for meeting people and feeding ideas off of each other. www.NYReigroup.com is one and there are plenty of others you can find on http://www.biggerpockets.com/meet

JAMAICA QUEENS ! 

Do some research on this area, there is alot of development here, I am personally in this area alot due to another business im involved in. 

Start off by reading here:

https://ny.curbed.com/2017/2/1/14465514/jamaica-queens-affordable-housing-development