So I am brand new to REI. I could not believe how much information I found on this site. I went through the course read the starting guides. I have to admit it feels rather overwhelming. So after going through the information I feel a little more ready than I was. I am looking into the fix and flip method to start out with. Does anyone have suggestions of where would be a good place to start looking for deals? I have been doing alot of searching through realtor.com Most of what I have come across is already pending. I am in NJ, but I have been looking at PA for opportunities.
I work a full time job so I am starting this out part time in REI.
Welcome to the industry and BP @Arthur OHara! To respond to your first question I am of the opinion that the best place for a new investor to begin is as close to home as possible. See what you can find by driving for dollars and reaching motivated sellers off-market in places you know well and are comfortable with and expand from there. Good luck to you!
@odie Ayaga thank you for the response. Have you ever heard off or used dohardmoney.com I have read a lot of mixed reviews about them. Some say fraud/scam some say they are really good. Trying to see if anyone on this site has actually used them. I literally have a house across the street from me that was foreclosed on price has recently been reduced. That im considering It's going for 138k I know this neighborhood and prices average is around 230k. I decided I was going try a rental first for the monthly extra income after I looked into flipping options. It does need some work.
Hey @Arthur OHara, I would have to agree with what Odie said. You will know your market the best right now and from there you can always expand outward. I work with investors from all over NJ so if you have any more questions feel free to pm me!