All Forum Posts by: Jubal Noel

Hi BP community,

I've been passively learning as much as I can about real estate investing while I save my money up. By passively learning I mean I am reading books and being active on the BP community page. As I get more confident in my real estate knowledge I plan to actively learn by going to real estate meet-ups and meeting up with some local investors. I then plan to invest in NYC or upstate NY with my brothers and the capital we have to invest is ~90k. Since I'm new to the game I was planning to set aside 30k to 20k of that money to use as cash reserves. 

I have already read Rental Property Investing by Brandon Turner and I'm looking for new material to read. I have a small background in construction -- I used to do small jobs like tear up carpet or help cut or demolish sheet rock for my local church -- so I'd like to try serving as my own general contractor. I work a typical 9-5 out of Manhattan so the time I have is limited to a little bit in the evenings and the weekends. Any advice anyone can offer me will be greatly appreciated!

 Thanks Maureen! I'll add that to my library.

I'd like to look into the real estate market first here in NYC. In Brandon's book on Rental Property he believes that it's usually possible to find good deals in any market. The entry price just may be higher.

If not in NYC itself I was planning on searching in New Jersey or Upstate NY for some possible deals. 

 Thanks Min! I'm open to investing out of state and I'll be sure to reach out with questions as they arise.

Thanks for all the suggestions, Abel! I've started Brandon Turner's "Rental Property Investing"  book already but I'll be sure to look into "The Book on Managing Rental Properties". I also plan to start looking at properties after I finish some reading just to practice analyzing deals.

 Thanks so much! I've always loved learning and there really is a whole lot to learn. I'll be sure to reach out when I have some questions, thanks for your support!

Hi Bigger Pockets community,

First a little bit about myself, my name is Jubal Noel, I’ve recently graduated college with an electrical engineering degree. I started my first job this past June and have been (mostly) saving up as much money as possible since then.

Primarily I invest my money in stocks, but recently I learned about real estate through the bigger pockets podcast and have been largely inspired. I feel like I'm in the perfect position to start investing my money into real estate instead of stocks because it seems like the ROI with stocks is lower than with real estate.

I’m close with my brothers and we’re all working and still living with our parents, so we don’t have much expenses. We are going to pool our money together and by the end of this year, we will have ~90k dollars to invest. 

I finished reading the "How to Invest in Real Estate" by Joshua and Brandon, and even before that I listened to several podcasts. I've decided I want to start out with small multi family properties and use either a buy and hold strategy or the BRRRR strategy, depending on the time investments.

I love engineering, I’ve been working as a full time engineer for 8 months now about. The problem is I want to have a comfortable lifestyle and to travel. Engineering makes ok money but I’d like to make an additional 40-50k a year at least using real estate. That’s my current goal. I live in NYC and I’ve yet to check the market.

This year I plan on doing as much research as possible as me and my brothers save our money for our first deal, there’s 3 of us total.

If you read this far thanks so much! Expect more posts in the future that will be shorter and have more specific questions! And any insights anyone can give me on anything is greatly appreciated. I plan on reading as much informational books as possible during this time so recommendations are welcome.