Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
You must be logged in and allowed to do that
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

52
Posts
25
Votes
Ryan Paltridge
  • Real Estate Consultant
  • Nashville, TN
25
Votes |
52
Posts

New Investor from NJ. Interested in flips and multi-family's

Ryan Paltridge
  • Real Estate Consultant
  • Nashville, TN
Posted

Hey guys!

I'm a newbie investor from Morristown, NJ. Currently work as a medical device consultant, but would like to make real estate investing my full time career (sooner then later). Been reading the forums for some time, and learned a bunch already from all of you, so thank you! I'm looking to begin flipping properties, buy a multi-family before the end of year,  and stop flushing my money down the toilet on rent. Been reading a bunch, including Brandon's book, and would like to network with other investors in the area, learn as much as I can, and take the leap. 

Been looking at foreclosures lately for my flipping opportunities, and thinking of doing a FHA or 5% conventional for my multi-family since I won't have a tremendous amount of funds liquid for a down payment. Any thoughts, tips, comments would be greatly appreciated. Thanks guys!

Most Popular Reply

User Stats

7,730
Posts
2,248
Votes
Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
2,248
Votes |
7,730
Posts
Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Ryan Paltridge

Welcome. 

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). You can Google to locate them and go to 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.

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 

Loading replies...