Newbie from NYC

12 Replies

How to get started on  a buyers list? Before I start the wholesaling process, should I build up my buyers list and then search for properties? 

Thank you so much Sharad for the information!

Thank You James, I looking forward to getting some really good information and meeting people on here 

@James Wise  

Hi @Nicole Clarke-Gaines

Welcome to BP. Don't spend time building a buyers list. If you have a good deal, buyers will look for you. You make $$$$$ when you have a deal, so spend time looking for deals. Network Network Network. join meet-up group there are a lot of investors there. Go to BP menu tap at the top and click network, event, check for the up coming meet-up to network with cash buyers. Good luck

@Michael Onyeri  Thank you so much for that information. I will be looking for the next meet-up to network with people.

@Nicole C.  

Welcome. Congrats on going Pro. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 90 past ones to catch up on.

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

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 all the cash buyers (rehabbers) you will need.

Couple good reads 

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

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

Thank You Account Closed for this information!

@Nicole C. Welcome to the community! You've joined the right site. You may find that NYC real estate does not offer much positive cash flow, if any at all. Don't be discouraged. You will find that you don't need to invest in your own back yard. I always suggest a podcast marathon for anyone beginning. This will give you a tremendous amount of knowledge, and perhaps enough knowledge for you to decide which route to take in REI. Good luck!

Jon Huber, Real Estate Agent in New Jersey (#NRS0565737)

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