New to BP and Real Estate Investing

New to BP and Real Estate Investing

New to Real Estate · NJ · Member since 2025 · 4 posts · 5 votes

Hi everyone. Currently located in New Jersey. While I've been looking at and thinking about investing in real estate for a while. I finally am ready to dive in. While it may seem daunting what separate the successful people from the rest is just actually doing it and putting the fear aside. I consider my self to be pretty investment savvy as my professional career is in the financial services industry as a licensed financial professional, currently focused on working with qualified retirement plans. My goal is to use the the next few months to research and absorb as much informations as possible and by the end of the year or q1 next year have my first 1 or 2 properties. Initially my wife and I want at least 1 property that we can use to vacation ourselves and as a STR and continue to grow from there looking mostly at STR and LTR properties. I have a 3 year old son and we really would just like to be able to build something that allows us the financial freedom and flexibility to be present and spend time with family and experience life and something that can create long term wealth for future generations.

Looking forward to connecting with as many of you as possible and learn as much as I can from this community as I start this journey.

Ryan 

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  • Chester DavisPro Member
    Member since 2023 · 15 posts · 4 votes
    1y

    Start with your philosophy and values. 
    If you already have some math skills etc it is not hard to pick up on the evaluation phase but the real details are in the operations and to operate you need to have some core principals which drive the type of product or service you are providing. 

  • Shawn McenteerBusiness Member
    Realtor · Boonton Township, NJ · Member since 2013 · 2k+ posts · 1k+ votes
    1y

    Hi @Ryan Kelly children are great motivators for REI. When my wife and I first started out when I would call relatives they would ask "new house or new child?" We were moving property to property house hacking with 4 kids. All of my children were born in different properties. We decided to house hack because of how fast it allows an investor to scale because we use multiple low money down loans and HELOC's to buy next property. Long story short we started with about $100k to out name and in a few years turned that well North of $2M in equity. House hacking fast tracked NJ investing for sure.

    House Hacking New Jersey563 Reviews
  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    1y

    @Ryan Kelly

    Welcome to BP! That's a strong mindset and solid foundation to start with! Your background in financial services gives you an edge in analyzing deals and understanding risk. Starting with an STR that doubles as a personal vacation spot is a smart move—it blends lifestyle with investment. As you build, consider markets with strong tourism, landlord-friendly laws, and year-round demand to maximize both cash flow and appreciation.

    Good luck!

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    1y

    Welcome to BiggerPockets Ryan!

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