Caldwell, NJ · Member since 2016 · 6 posts · 6 votes
Name is Stephen, 24 years old living in North Jersey. Real estate investing has recently become a strong interest of mine ! Excited to learn and ambitious to make moves in the near future (when that right time comes). I have mainly become interested in rental properties so thats the goal for now !
Real Estate Agent · Daytona Beach, FL · Member since 2016 · 9 posts · 5 votes
10y
Hello Stephen,
I'm also new to this site , just want to say hello back.
If I may recommend something to you, take some real estate classes and become a licensed real estate agent. It will change your life for ever ..... in a positive way.
"To qualify for a real estate salesperson's license an applicant must be 18 years of age or older, have a high school education or equivalency, complete a 75-hour pre licensure course at a licensed school and pass the licensure examination. After successfully completing the course and passing the examination the applicant must apply for a license through a sponsoring real estate broker. In addition the Commission must be satisfied as to the applicant's honesty, trustworthiness, character and integrity."
Caldwell, NJ · Member since 2016 · 6 posts · 6 votes
10y
Hey Antonio,
Thanks for reaching out, the advice is much appreciated. This is definitely something that i have taken into consideration already, just not exactly sure how well that would coordinate with my current career. I will be sure to look further into the courses and get some more information. Thanks again.
Welcome to BP.. I see your situation because I was there.
A great way to start is house hacking with a FHA loan. Unless you do some wholesaling to build up some cash. The only thing is that too many guys try it thinking it easy and do a terrible job.
Real Estate Agent · Union, NJ · Member since 2016 · 16 posts · 3 votes
10y
I have a question, as a first time investor, can someone please tell me how o bring a hard money lender and a gap funder together to finance my project without me expending any cash? What terms should I be looking for?, etc.
Rental Property Investor · Houston, TX · Member since 2013 · 233 posts · 39 votes
10y
@Stephen Marks - There are sections of the site designed for people exploring and deciding on a niche for them. I went from flipping to wholesaling to rehabbing to property management to agent to owner financing and finally settled on loan brokering.
Caldwell, NJ · Member since 2016 · 6 posts · 6 votes
10y
Hey @Eric Benzenhoefer - thats a very interesting resume you have. Thanks a lot for the input its much appreciated. I have pretty much landed on house hacking as my first investment approach, that is the goal right now. It will be conveniant because i am not only looking for an investment property but also my first home ! Very excited to learn more and get cracking. I have been reading into a lot of the rental property and landlord podcasts, along with reading a few different books on rental properties specifically. I must say i am shocked at how much good inforfmation im absorbing in such little time, cant wait to start making moves ! Hope things are going smoothly for yourself, best of luck !
Caldwell, NJ · Member since 2016 · 6 posts · 6 votes
10y
@Deborah Wiggins I Have recently given that some thought, would like to learn a bit more about it before i get myself into that. My lack of experience makes me hesitant haha. I really like the idea of wholesaling and assigning but it sounds like something that would be much easier for somebody who is not working a full time job, just unsure if i would have enough time to dedicate to it. Thank you for the advice ! I appreciate it.
Real Estate Agent · Union, NJ · Member since 2016 · 16 posts · 3 votes
10y
Steven, I have not flipped my first home yet, but everything I am reading says now is the best time. Having a full time job is good because you have steady income. I think we are trying to move from a work dependence to to independent owner.