Hey Everyone new rookie coming thru

New Member Introductions
1yFollow

Hey Everyone new rookie coming thru

Jose Ferreiras
Member since 2025 · 10 posts · 10 votes

Hi all my name is Jose I live in Queens NY and I've been following BP for a few years now but just now came around now to join the BP forum. I am a beginner investor with a not much experience but looking to learn.  I invest in the neighboring state of New Jersey and have 2 properties with a total of 4 units between the 2 and I am looking to scale. I came to a bit of a roadblock since I have been finding it a bit difficult to scale. My wife and I started investing in 2019 while growing our family at the same time. Now with 2 little ones we have been force to take on lower paying jobs to to make sure we can have decent schedules to accommodate the needs of the family. I know there are creative ways to scale since I have been listening to the BP podcasts so here I am ready to learn and ready to be part of this great community.

Thanks for having me.

Jose Ferreiras

6Reply
32 views

12 Replies

Jump to latestLatest
  • Michael K GallagherBusiness Member
    Real Estate Agent · Columbus OH · Member since 2018 · 1k+ posts · 1k+ votes
    1y

    @Jose Ferreiras welcome to the forums this is a very powerful place and I anticipate you finding many great people to connect with here.  you sound like you are off to a great start already!  excited to see you grow here.

    [email protected]614-362-2231
    0Reply
    • Jose Ferreiras
      OP
      Member since 2025 · 10 posts · 10 votes
      1y

      Thank you so much @Michael K Gallagher I am looking forward to that, I will try to be active here and take advantage of all the knowledge and looking forward to make great connections. 

      0Reply
  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    1y

    Do you have equity in the current properties that you can utilize to scale? Are the 2 properties currently cash flowing? I would be careful not to be too aggressive/risky with little kids and taking a pay cut. If income is your constraint that might be something to see if there's room to increase. There is creative ways but at the end of the day you'll still need money to do those deals and have reserves. 

    0Reply
    • Jose Ferreiras
      OP
      Member since 2025 · 10 posts · 10 votes
      1y

      hii @Caleb Brown I do have some equity in both properties and they do both cash flow really well thankfully. What is holding me back is the fact that I am a bit hesitant about getting a HELOC and hurt my cash flow as I pay that back so the deal has to really make sense. I also don't know how difficult would it be to be approved for a meaningful amount with us not bringing in as much anymore from our W2s.

      0Reply
  • Jay ThomasPro Member
    Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
    1y

    Hey Jose, welcome to the BP community.

    Wishing you all the best on your journey.

    [email protected]832-889-5607
    0Reply
  • Samuel DioufBusiness Member
    Real Estate Agent · Columbus & Cleveland, OH · Member since 2023 · 1k+ posts · 1k+ votes
    1y

    Welcome to BP Jose! 

    Have you looked into any markets in the Midwest? A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

    Prices in a city like Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well. I actually moved from Florida to Columbus for the real estate. I saw how fast the city was growing and decided to make the jump.

    [email protected]614-662-1652
    Reafco - Samuel Diouf528 Reviews
    WebsiteView Page
    0Reply
    • Jose Ferreiras
      OP
      Member since 2025 · 10 posts · 10 votes
      1y

      Thank you @Samuel Diouf, honestly no I have not considered it. As of right now I rather concentrate on the market I am currently at. Just feels more safe and comfortable for me. I feel like I still have a lot to learn before I make an out of state play.

      0Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    1y
    Quote from @Jose Ferreiras:

    Hi all my name is Jose I live in Queens NY and I've been following BP for a few years now but just now came around now to join the BP forum. I am a beginner investor with a not much experience but looking to learn.  I invest in the neighboring state of New Jersey and have 2 properties with a total of 4 units between the 2 and I am looking to scale. I came to a bit of a roadblock since I have been finding it a bit difficult to scale. My wife and I started investing in 2019 while growing our family at the same time. Now with 2 little ones we have been force to take on lower paying jobs to to make sure we can have decent schedules to accommodate the needs of the family. I know there are creative ways to scale since I have been listening to the BP podcasts so here I am ready to learn and ready to be part of this great community.

    Thanks for having me.

    Jose Ferreiras

    Hi Jose, if you're having difficulty scaling in New Jersey, it's likely because the price point is really high. I would recommend looking into out of state investing in a much more affordable city like Columbus Ohio! The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here. For example Intel headquarters, Google, FB, Amazon, Nationwide, Honda, Microsoft, LG (recently Anduril announced another 4k jobs to Columbus). Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential. Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k! Happy to connect and answer any questions you have!

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9120 Reviews
    WebsiteView Page
    0Reply
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    1y
    Quote from @Jose Ferreiras:

    Hi all my name is Jose I live in Queens NY and I've been following BP for a few years now but just now came around now to join the BP forum. I am a beginner investor with a not much experience but looking to learn.  I invest in the neighboring state of New Jersey and have 2 properties with a total of 4 units between the 2 and I am looking to scale. I came to a bit of a roadblock since I have been finding it a bit difficult to scale. My wife and I started investing in 2019 while growing our family at the same time. Now with 2 little ones we have been force to take on lower paying jobs to to make sure we can have decent schedules to accommodate the needs of the family. I know there are creative ways to scale since I have been listening to the BP podcasts so here I am ready to learn and ready to be part of this great community.

    Thanks for having me.

    Jose Ferreiras


    Hey Jose! 

    That's awesome to hear that you already have 4 units and looking to add more. I think you can still find a lot of decent areas where you can invest and make cash-flow that are very affordable. I recommend that you look into Dayton,Toledo, Cleveland, and Columbus. Let me know how I can help 

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate541 Reviews
    WebsiteView Page
    0Reply
    • Jose Ferreiras
      OP
      Member since 2025 · 10 posts · 10 votes
      1y

      Hi @Kerlous Tadres as of right now I'd like to concentrate in my current market since that's where I feel more comfortable and so far has given me great results. Maybe sometime in the future I can consider something OOS.

      1Reply
  • Aaron Ameen
    Investor · Houston, TX · Member since 2021 · 22 posts · 26 votes
    1y

    Hey Jose—welcome to the forums, and props to you and your wife for getting started and growing your family at the same time. That’s no small thing.

    I started investing in 2017 while working full-time and raising a young family too, so I definitely relate to how hard it is to scale when time and income are both stretched thin. What helped me push through that roadblock was getting really clear on my criteria, my time availability, and finding ways to invest that didn’t require me to be everywhere at once.

    For me, that meant building a portfolio across a few different states with strong local teams, and I now help other investors do the same—especially folks juggling career and family responsibilities.

    Feel free to DM me if you want to chat more or swap notes—I’m happy to share what’s worked for me and what I’d do differently if I were starting again now.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free