Updated over 1 year ago on . Most recent reply
How should we start?
Hi everybody,
My name is Francesco. My father and I are currently looking for our first real estate project in the US. We have been working in the real estate space for a while, but all our experience is oversea (Italy 🇮🇹). We dealt with rentals, flips, commercial, small apartment complex developments (~10 apartments), sport facilities, and a few government contracts.
We are actually very open to different opportunities and investment approaches, but our plan was to start "smaller" with some cash deals in NJ (maybe somewhere in the area between Staten Island and Philadelphia, but staying in NJ), by flipping a few smaller properties and starting to generate some income. For example, we have been looking closely to the Beverly/Burlington NJ area, but we are definitely not constrained by location as long as we are within ~1hr from Staten Island. We still have to network and create a reliable team, so this would serve us as time to meet contractors/agents/other investors/etc...
We are planning to start investing ~$200k depending on the deal.
I'm writing this post to get some advice from somebody who might be more experienced in New York, and possibly to start creating some connections. Any thoughts, suggestions, or comments are appreciated!