In other words you have to come really prepared to fight if you want to buy here...  

I have 8 figures of spec constructions loans out at anyone time all from community banks.. what happened is so many builders went bust and filed BK they simply to this day can't get loans from banks.. the banks I deal with in Oregon won't take on new comers but will go really far with someone like me who has been at the bank since its inception.. never defaulted or had to do a short pay etc etc.. they are precluded from loaning money to anyone who did that.so its a catch 22 the really experienced folks who were fully engaged in 08 90% of them had finaical trouble and those starting out fresh don't have the experience or capital to pull off these loans.its capital intensive to the extreme to develop from dirt up.. 

that comes from the rich people who have been successful. but i personally as a complete new comer feel like that is an insult.

@Dave Comer In my experience that's usually how it goes.

. :)   No worries, looks like you have some serious follower too hahaha, me personally I like helping the up and comer, because that use to be me, and i hate realtors and brokers, no worries, but I thought someone had to take a shot at you ;)

I'm based in NYC and would love to invest in one of the boroughs but feel that as a new-comer to REI I'm probably priced out of the market.I'm looking at option in Jersey City (specifically JSQ area) as I have lived there before so am familiar with the area.

I am new to this world full of great stories that encourages new comers like me to take chance.

Hey everyone, my name is Ariel and I'm a fairly young new comer to the real estate business in Seattle, WA. 

@Mike Bassett Welcome to one of the best resources out there for new comers and experienced Real Estate investors alike.

Any other information that you might think a new comer might find helpful!