Newbie From NYC/DC/Bangkok

3 Replies

Hello,

My name is Mark and I am new to BiggerPockets and REI. At the beginning of January I had an epiphany that made me want to get involved with REI. Since then, I've used nearly all my free time to read up and learn about REI. This includes everything from reading books and articles online, watching YouTube videos, studying REI terminology, attending REIA networking events and talking to people I know that have had some form of real estate experience.

I have lived in NYC (Manhattan) for ten years and was born/raised in the DC Area.  I would be looking to invest in either metropolitan area as well as Bangkok, Thailand as I am of Thai heritage and have ties to that area as well.

Currently, I have a good full-time job that pays a solid amount but have never aspired to climb up the corporate ladder.  I may be the only one in my circle that does not have an advanced degree b/c it just never appealed to me and I never saw the need for it.  The moment I started working in corporate America, I knew it wasn’t for me.  For years, I’ve kicked around business ideas but never truly acted upon it, until now.When I had my epiphany, it just all made sense to me.

I didn't want to post on here until I felt like I had a working knowledge of the different strategies and niches of REI. Now that I do, I'm trying to figure out what the next step is. I am leaning towards multi-unit buy and hold but not quite 100% sure. I will not rule out anything just yet.

My immediate next steps (by end of February) are to finish the plan I’ve drafted, go to more networking events in NYC, connect with more people and practice real world comp assessments.

Would love to connect with anyone who is based out of any of the aforementioned areas.

@Mark K.  

Welcome. Your Thai connections could provide all the private money you will need as the US is the #1 country for foreign investors.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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