Newbies from Torrington, CT

[Ilmar Molder]

Hello all, my name is Ilmar Molder and my wife’s name is Beth. We have been researching real estate investing for quite some time and now we want to take the plunge and actually do it. My work background is actually in IT and engineering so I tend to check things out thoroughly sometimes to the point of analysis paralysis. Now that I have found this site and see that there are experienced REIs willing to share their knowledge and help newbies like me I hope to get over this bad habit.

I was just downsized after 10 years which was quite the blow. I want to use this down time to kick start our real estate investing business; with a little luck I will not have to go back to the old rat race grind. We are interested in rehabbing to flip but also want to learn about other exit strategies to generate cash flow.

We will be looking for partners so my first question is “is it better to look for or work with REI partners locally in my state or does it really not matter where they are?â€

Thank you for your time,

Ilmar and Beth