All Forum Posts by: Nick Ferrer

@Tomas Gutierrez @Alex Corvin I appreciate the insight! Have been listening to the bigger pockets podcasts as well. Thank you Alex for the info on the Triangle area duplexes. Tomas I am also considering getting my real estate license, think it would help my understanding of it all. The percentage figured you provided are useful too.

@alexcorvin 

Thank you for your response! That is very helpful. I will check out those books and readings to get a bit more understanding. Would you suggest any particular type of building to start off with? Ex. Duplex or single family home

Hello everybody! I'm excited to be joining this network of investors. I have several wealth goals I would like to achieve and heard that investing in real estate could be a perfect way to do this while also still holding a full time job sales job. I live in Eastern NC (Greenville, moving to Raleigh) and would like to get started as soon as possible. I would like some guidance on the following (please remember I am completely new to the housing/construction business as a whole so some of my questions might be no brainers for the more experienced of you but they are crucial for me): 1. For my first investment, are there any current specific market areas or states in which I should look for property? Some that are more valuable than others? Or should I stick to property around where I currently live and work? 2. If a house needs 'work' or the goal is to flip the house, do you contract that out or do you have to do it yourself for the sake of costs? 3. In terms of actual purchase of the property, what if I have subpar credit? Any ways to remedy that enough to purchase a property with good rates? These mighty be difficult questions to answer but I'm a little lost here and would really like to start this business yesterday if I can. Thank you!!