New Member Introduction

9 Replies

My name is Matt Sawicki and I live in the Philadelphia area. I am new to real estate investing and I am hoping to get some tips, advice and knowledge from experienced investors. I am looking to invest in single and multi family properties and ideally I would like to build a portfolio of 4 or 5 homes to rent out and hold for a while. I would like to do this to supplement my wife's income to give her the ability to work part time or not work at all so that she can spend more time at home with our 2 kids. I am 30 years old and I do have some experience with home renovations and repairs/maintenance but I am looking to learn more. I am young and very motivated to start investing.

The question that I have for experienced investors is, what is the best way to find properties to buy? For someone new just starting out, it seems like a daunting task to find an income producing property so any help that someone can give me would be greatly appreciated. I look forward to reading the many articles and threads on this website and learning as much as I can about real estate investing.

Welcome to the BP family @Matt Sawicki , it’s great to have you here! You came to the right place to learn all about real estate investing.

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Wishing you the best!

@Matt Sawicki Welcome to BP! @Dmitriy Fomichenko passed along some great links. Also check out the Podcasts.

Plus Complete Profile as it allows others to connect with you easier on the @mentions, etc. Have fun, ask questions, and jump into the conversations. See you around the forums.

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Matt,

Welcome to the BP community...I too am relatively new to REI but have learned a lot on this site. One of the contributors on this site is Mike Simmons and he also has a podcast that is great for the new REI investor called Just Start Real Estate. In fact I just listened to one of his episodes today that would be perfect for you to listen to. You can find it at the following link:

http://juststartrealestate.com/dennisfassett

Also, if you haven't started listening to the Podcasts here on BP, do yourself a favor and start...You will not be sorry you did

Again, welcome and happy hunting

Paul

@Matt Sawicki - I'd approach it this way.

1. Pick a strong market (job growth and industry diversity - among other things)

2. Establish relationship with property management companies (they will help evaluate deals and can introduce you to active brokers)

3. Establish relationship with brokers

4. If that doesn't get you a deal then you can do direct mail to owners (you can buy lists or look them up on county website or for sale by owner sites)

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