Updated about 10 years ago on . Most recent reply
Newbie from Davenport, Iowa
Hi everyone! I am a financial analyst by day and an MBA student by night (graduating in December! Yay!). I am new to real estate investing. I am interested in wholesale, fix & flip, rentals, multi-family, buy & hold and vacation rentals (still trying to decide which type of investment works best for me). My goal is to make real estate investing my main source of income in the next 10-15 years. I found this site through the podcast which was introduced to me during a meetup organized by @Country Musick a little bit over a month ago. Thanks Country, this is a great site!!
I would like to move to somewhere warmer within the next year. Currently considering Raleigh, North Carolina and possibly invest in vacation rentals in the Wilmington/Kure Beach area? I am not ruling anything out just yet, still keeping my options open. I am open to any suggestions/recommendation!
In the meantime, I would love to be involved in wholesale or flip either directly or just shadowing someone with experience.
One fun fact about me: I am multilingual, I speak 3 Chinese dialects (Mandarin, Cantonese, Hokkien), Malay, Intermediate Spanish.
-Mary Anne :)
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#2 New Member Introductions Contributor
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- Rockland, MA
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#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
Welcome. Your international connections could be a source of all the private investors you will need. 6 of the top 10 markets for foreign investors are in FL rounding out the list NYC, Vegas Phoenix and Honolulu.
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
Good Luck
Paul