All Forum Posts by: Kyle Burrows

Good point

@Gerald Boone What was your experience with the deals in Trenton? I've heard a number of mixed reviews from people about "bad" areas like this. 

@Gerald Boone Hey Gerald,

I was wondering what part of New Jersey you were able to find those deals. I live in Brooklyn where the prices are so high it makes it hard to find a good deal so I've been thinking of looking at New Jersey for some better results. Having not spent much time in Jersey, I was wondering what areas are good to look

Not sure what data the trulia crime map is based on but there are other websites that provide detailed crime statistics of a given area. city-data is one of them. I agree that it would be best to get an idea of what the area is like from the locals because I've seen how these maps can be a little inaccurate. For instance, the map might say that the crime in one city might be high but it doesn't break it down by neighborhood. So even if the majority of the crimes in an area come from only a couple neighborhoods, the entire area's crime rate looks bad. Definitely best to hear it from the locals. 

@Mike Dorneman Thank you. I think I have a common strategy that I've heard a lot of new investors use; wholesaling to build up capital to help fund other investments. My short term goal is to own a couple rentals with enough cash flow to cover my bills. That would give me the freedom to go out and try other deals without putting too much pressure on my income from my job. 

I would love to do this in my area but the New York City market is really tough with prices that I think are way out of my league. I'm not sure if I would even qualify for financing on most of these. That being said, I'm reading up on different strategies that exist that I might be able to use moving forward. For now I've been looking at the surrounding areas where the prices are a lot more manageable but I'm still figuring out how that process would work for me. 

Hi everyone. I'm a newbie living in Brooklyn who is really interested in real estate investing and everything that comes with it. I just wanted to take the time to introduce myself and say thank you to everyone at Bigger Pockets for all the great information that they have shared with the community. 

I'm only just starting out, trying to learn as much as I can and, to be honest, all the information is a little overwhelming. I have never done anything like this before and I do have that fear that I guess all newbies have, but I know that I'm willing to do whatever I can to be successful at this. 

I've been listening to the podcasts, reading the blog and browsing the forums and all the information here has really helped give me confidence to take that leap. I would love to connect with other, more experienced investors that I can learn from along my journey but for now I just wanted to say thank you to those who put this all together. 

@Anthony White I can't tell you how much encouragement I got from reading your post. I'm at the very beginning of my journey and I only hope I can accomplish the goals I have for myself, as you have. Congratulations on your success!!

Thanks for the information Roland. I don't know why I thought it would be more difficult than that. I feel much better about getting started now

I just started learning about wholesaling real estate and investing in general and I'm starting to get a good understanding of how the whole process works. One question that I had was how does it work when you find deals outside of your area? I live in New York city where the prices for homes seem much too high for someone who is just starting out in the business. My plan was to look at surrounding areas to find potential deals but what is the procedure when it comes to working with the title companies and closing on these deals? Would both my seller and buyer have to be present at the title company? Would I have to find a company in the area that I find the deals and drive out there every time I want to close? I know this might seem like dumb questions but it's something that I really am confused about. Can anyone help with this?