All Forum Posts by: Timothy Maldonado

Thanks @Kurt Kwart for setting up the last AC event of the year! 

Bumping this. I'll be attending tomorrow.

Thank you for the heads up on this. I'm following this for my family in PR. 

That's awesome! Congratulations!

@Joseph ODonovan I'm rarely around brigantine but my overall perception of Brig is that there's a lot of renters but also homeowners there. A lot of people who were living there year around were casino workers, teachers, nurses, etc. Being that Hard Rock Casino will be about a 15 minute drive and if you're living closer south of brigantine near the bridge, then I can see Casino Workers coming back to brigantine. Also it's gotten a lot easier to travel from brigantine and into the middle of AC with the Tunnel, so shopping at the Walk Tanger Outlets is always a plus. Also a lot of Borgata, Harrah's and Golden Nugget casino employees live there because it's a very nice shore town and it's minutes away from there Job. I do know they have a nice school based on my experience designing their renovations and solar. Then obviously you do have the summer time which makes a killing. You have 4x4 owners on the beach, There's the atlantic city marina district, Casino's, the beaches, and wildlife preservation and Golf course up north of brig. So in my opinion, I would probably find a duplex that can provide you a year-round tenant and summer rental - I believe that's ideal. So it's something to consider when you're looking for property in brigantine.

@Kurt Kwart @Keven Vanegas @Alan G. Thanks for all your input guys - I appreciate it. I wouldn't mind getting together on a weekend, I tend to be more available. This weekend I'm available Saturday in the morning until about 5pm, and Sunday from noon and on. 

@Kurt Kwart Yes, I believe I'll be pre-approved today. Just got a hold of my mortgage lender this morning.

@Keven Vanegas Thanks Keven! I'll definitely take you up on that. I appreciate the warm welcome. 

Hello every one!

My name is Tim Maldonado and I came across biggerpockets through their podcast on Google Play. Their podcasts discussions have really validated a lot of my research, analysis techniques and course of planning to start going into real estate and rental properties. Currently I'm employed through a Large Union Electrical Contractor and my field of work has been designing construction plans and has moved on to estimating large construction projects that are out to Bid. These projects consists of $1 Million+ projects. Although we've been successful my position and rewards have not met my expectations, so I decided to apply all my Years of experience in designing Architectural, Civil, Electrical, Plumbing, Structural and Solar and also my years of Construction Estimating to Real estate and rental property investments. My other skill sets is Site surveying and data processing, which had enabled me to be quite accurate on existing buildings and provide the information as quick as possible.

Personally I am a 30 year old single male with no kids who likes to be active and social when it's possible. It's allowed me to connect with rental property owners, Investors and business owners that I respect in this area. I live in Ventnor City which is a shore town literally next to Atlantic City. I've lived there most of my life and It's a great shore town that has the best of both world, in my opinion. Lately there's been a lot of news about our area - there's the recent announcement that A.C.'s property owners will have a 11% decrease in taxes which is significant now, Stockton University is constructing buildings on the beach block (The E.C. that I work for is working on the Parking Garage of that project), Tropicana Casino is expanding, and Hard Rock Casino has acquired Taj Mahal for a full renovation and transformation to a Hard Rock Casino. So I'm heavily interested and believe this Area is turning around. If it does not turn around as I would've expected I can definitely search for investment opportunities elsewhere.

My goals are to acquire Rental Properties, meanwhile invest into stocks (check - I have a financial group that I'm involved and is working well), and any miscellaneous income to provide me the cash to 1. provide me passive income and 2. Start a business or own/co-own a business. Currently I make 50k+ a year (bonuses from closing contracts in time, which is also my responsibility, dictates how much more I will get on top of my base salary). Right now, I have decrease my debt to be under 20% and still continuing to deplete it to 0%. So I feel very confident that I can generate enough passive income to leave the career I'm in and pursue the dreams and work that truly validates me and the experience i bring to the table.

I'm looking forward to hearing from you guys and learning so much. Confidence comes from learning, not success. 

Thank you for your time!