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Renauld Elder
  • Jacksonville, FL
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Newbie from Jacksonville, fl

Renauld Elder
  • Jacksonville, FL
Posted May 6 2015, 15:56

Greetings BP

I'm new to real estate investing but have been in the mortgage industry for over 6 years from sales to underwriting. I'm starting with wholesaling and maybe some house hacking on a duplex as i move up to where i have over 200 rental properties. I'm an avid researcher and came across BP podcast along with a few others and began my process of learning and i put my feet on the ground. Im a sponge and looking to connect with good people to learn from and grow and an investor

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Larry Fried
  • Investor/RE Broker
  • Eugene, OR
963
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3,823
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Larry Fried
  • Investor/RE Broker
  • Eugene, OR
Replied May 6 2015, 16:35

@Renauld Elder

Hi and welcome to BP! JAX is a great place to be to launch your REI. Although I live in Oregon, I started my REI in JAX, and have several properties there.

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Craig Barnthouse
  • Investor
  • Jacksonville Beach, FL
7
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31
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Craig Barnthouse
  • Investor
  • Jacksonville Beach, FL
Replied May 6 2015, 16:44

Welcome to BP Renauld. I'm also an active investor in the Jacksonville market and it's been a great place to make money.

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Renauld Elder
  • Jacksonville, FL
1
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Renauld Elder
  • Jacksonville, FL
Replied May 6 2015, 17:19

@Larry Fried and @Craig Barnthouse thanks for the support and encouraging words. I look forward to joining the ranks of fellow investors here in JAX and other states. But first I guess I need to start in my back yard..lol. I'm actively putting together a marketing campaign now to get things off the ground and I will definitely keep you guys in mind when I come across good deals.  any tips or suggestions?

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Anil Samuel
  • Investor
  • Baltimore, MD
103
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605
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Anil Samuel
  • Investor
  • Baltimore, MD
Replied May 7 2015, 06:17

@Renauld Elder

Welcome to BP and begin listening to all the podcasts and become active on the forums daily. Engage people/potential mentors as much as possible because I have gained vast amounts of knowledge from these forums through people that were willing to give their time freely and provide consistently sound advice!

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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
2,245
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied May 7 2015, 07:39

@Renauld Elder

Welcome.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers).

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

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William Byers
  • Engineer
  • Jacksonville, FL
66
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182
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William Byers
  • Engineer
  • Jacksonville, FL
Replied May 7 2015, 13:10

Welcome @Renauld Elder

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Paul Ellis
  • Jacksonville, FL
14
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28
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Paul Ellis
  • Jacksonville, FL
Replied Jun 11 2015, 17:48
Originally posted by @Paul Timmins:

@Renauld Elder

Welcome.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers).

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

Hi, im jumping in here with a question. Which site is best for looking at HUD homes? I found quite a few, thanks

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Michael S.
  • Biggerpockets Support
  • Las Pinas, Metro Manila
1,132
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Michael S.
  • Biggerpockets Support
  • Las Pinas, Metro Manila
Replied Jun 11 2015, 17:54

@Renauld Elder

Welcome to Biggerpockets. Great to have you here. 

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88
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28
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Tyrone Green
  • Professional
  • Boise, ID
28
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88
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Tyrone Green
  • Professional
  • Boise, ID
Replied Jun 11 2015, 18:07

Welcome @Renauld Elder!

Browse the "Learn" tab at the top of this page and get lost in all of the knowledge that is there.

I am a strong advocate of finding a mentor that can guide you through this minefield.

You also want to be sure to have a business plan in place before you make a major move...to many people skip this step and end up worse than they did before they started.

You have a good foundation by being an expert in the mortgage industry.

Also, everyone here is very helpful in answering any questions you may have.

Much success!

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Armond Wright
  • Investor
  • Indianapolis, IN
26
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178
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Armond Wright
  • Investor
  • Indianapolis, IN
Replied Jun 12 2015, 04:43

Welcome to BP..

200 rentals very impressive