Newbie from Rockland MA
Hello, my name is Mitch Comeau. I currently work full time in financial services servicing mutual funds.
I have always been interested in real estate, seeing it as a way to build passive income, and a lifestyle that has more freedom than the long hours working in corporate America provides.
Short of buying my own primary residence I have not been able to get involved in real estate investing, but recently speaking to a relative, who is active in real estate and referred me to BiggerPockets, has motivated me to get off the sidelines and get in the game.
My goal in real estate is to replace my current income with income from rental properties. My initial strategies I intend to implement is to find homes cheap by contacting owners of vacant homes and seeking turn key properties with positive cash flow. I hope to learn the ins and outs of these strategies and possibly others in the hopes to accomplish my goal in the shortest amount of time. It appears this is a good place to start and I look forwarded to networking.
#2 New Member Introductions Contributor
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- Rockland, MA
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#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
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). Find them through Google and meetup.com There are meetings in Rockland, Plymouth and Cape Cod locally.
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Good Luck
Paul
HI Paul, Thanks for the post. I was just considering The book on Estimating Rehab costs. I plan to purchase today.
Welcome to BiggerPockets, a place to interact with a vibrant REI group, learn the real estate business and language at near zero cost. It doesn't matter if you are young or old, totally new or need to build upon your experience.
Yes, you have just announced a commitment to the thousands in this community about
your seriousness regarding REI and have taken this bold step to affirm it.
Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.
You are here at the Forum, but, should raise your mouse to the top and explore the other
headings displayed.
Don't get overwhelmed by the massive amount of data archived on this site.
Simply, bone up on the areas that you need to expand knowledge in such as, Forums,
Marketplace, Learn, Network, Analyze, Resources.
Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of book
recommendations.
Also, you can review the quick links below to help solidify your grip on this site.
- http://www.biggerpockets.com/starthere
- http://www.biggerpockets.com/ubg
- http://www.biggerpockets.com/meet
- Setting up Keyword Alerts
- How to Use @Mentions on BiggerPockets
- 25 Tips for Real Estate Success
After becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.
Don't get caught up in analysis paralysis.
You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.
Take calculated risks if needed and you shall be rewarded!
"Each step you take reveals a new horizon. You have taken the first step today. Now, I challenge you to take another." - Dan Poynter
Lastly, don't forget that we are here to help and likewise learn from your contributions. Good luck and happy investing, again, welcome aboard!
welcome to the BP family Mitchel.
Welcome to Bigger Pockets. BP is full of resources. You will find resources here from blogs to pod casts and forums. You can also send messages to members. This is one of my favorite features of Bigger Pockets especially for asking specific questions.
@MItchell Comeau Welcome.
Goals and a timeline is usually good.
Welcome Mitchell!
Hi Mitchell, welcome to BP.
This is a great place to learn. Make sure to listen to all the BP podcasts, read the articles on the main blog and be active in these forums to learn a ton very quickly about any topic in real estate you want to know more about.
This is also a great place to meet people that can be assets to your business. Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.
Besides doing that on here make sure to get out to some of the many local investor events we have. As Paul mentioned there is one right at home base for you in Rockland and a couple others on the South Shore to check out. Besides those I would highly recommend going to the Black Diamond meeting in Waltham (2nd location in Worcester). Beyond those there are many other options if you get north of Boston as well.