Newbie from Jackson, NJ

18 Replies

Hi all at BP,

My name is Justin Hernandez and I am from Jackson, NJ (where Six Flags Great Adventure is located). I recently graduated Rutgers University with an Information Technology degree. I have a deep background and knowledge of trading stocks and FX (currencies) for about 4 years with personal accounts but now want to learn about REI. I am a newbie starting off in Real Estate investing and have little to no money. I have been reading all the information I can get my hands on and am going through Bill Vaughn's Simple Man’s Guide to Real Estate course material as well as reading, The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner. What I plan to do is start off trying to mostly wholesale properties but ultimately would like to do fix and flips once I save enough money and can start to venture into these other areas (focusing more on wholesaling for now).

If anyone can point me in the right direction of getting my first deal, I would really appreciate it. I want to make sure I don’t get stuck in analysis-paralysis and not be afraid of taking a risk to get something positive done. I’ll take all the help I can get. I hope I can network and really learn a lot through everyone here at BiggerPockets and I am looking forward to it!

Thanks all,

Justin H

Hi  @Justin Hernandez

Welcome to Biggerpockets. Great to have you here. You can start by going to Learn. You can find a lot of strategies that can go with your experience.See you around in the forums.Good luck in your REI journey.

@Justin Hernandez

Welcome. Take a good look at student housing see below.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

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

Consider checking out HUD homes for small multi's owner occupied gets first crack.

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 

Hey Justin, I grew up in Jackson, class of 1996! I am now a commercial real estate agent in Knoxville, TN but also want to get into investing at some point. Let me know if there is anything I can do to help!

Originally posted by @Justin Hernandez :

Hi all at BP,

My name is Justin Hernandez and I am from Jackson, NJ (where Six Flags Great Adventure is located). I recently graduated Rutgers University with an Information Technology degree. I have a deep background and knowledge of trading stocks and FX (currencies) for about 4 years with personal accounts but now want to learn about REI. I am a newbie starting off in Real Estate investing and have little to no money. I have been reading all the information I can get my hands on and am going through Bill Vaughn's Simple Man’s Guide to Real Estate course material as well as reading, The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money by Brandon Turner. What I plan to do is start off trying to mostly wholesale properties but ultimately would like to do fix and flips once I save enough money and can start to venture into these other areas (focusing more on wholesaling for now).

If anyone can point me in the right direction of getting my first deal, I would really appreciate it. I want to make sure I don’t get stuck in analysis-paralysis and not be afraid of taking a risk to get something positive done. I’ll take all the help I can get. I hope I can network and really learn a lot through everyone here at BiggerPockets and I am looking forward to it!

Thanks all,

Justin H

 Hey Justin,

Welcome to the BIGGERPOCKETS community. You have come to the right place for assistance with all your real estate investing inquiries.

@Justin Hernandez

 I also am in Jackson.  We are in the real estate market but work in a sector, Distressed Mortgage notes, that does not require a ton of capital to start off with.  Due to being a niche market most investors know little to nothing about it.  Dave Van Horn, PPR Note group, did a pod cast about it a while back.  Feel free to ask any questions.

@Justin Hernandez
Dave Van Horn has a few blogs on here about them.  I have an old powerpoint that we used to use if you would like to read.  Feel free to do a search on bigger pockets.  http://www.biggerpockets.com/renewsblog/2013/07/25...  
With everyone trying to find a good foreclosure or great shortsale, being on the other side of that situation is fun.  They just had a note conference http://www.eventbrite.com/e/2-day-event-new-yorks-...

Lot to learn but I find it less competitive with better returns and lower price point to get in.

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