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
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 over 8 years ago on . Most recent reply

User Stats

13
Posts
5
Votes
SAKINAH P.
  • Westbury, NY
5
Votes |
13
Posts

Need help getting going -

SAKINAH P.
  • Westbury, NY
Posted

I'm a new investor that will be using funds from a lending platform (for now) to get home funded. Over the summer I took classes for my RE salesperson license and passed the school and state exam.  However my teacher said that to invest, it may not be wise to get licensed.  A few others have said the same.  So I am working with 2 realtors. 

"The plan" is to purchase homes to buy and hold (BRRR - as I've learned) and to flip homes for larger profit to save and re-invest. I've been putting offers on REO homes in Nassau County and Suffolk County but the banks hold out for a few weeks, then take the properties off of the market. I've attended the weekly auctions at the courthouse but homes are still out of my range - I'm trying to start small before going all out. I've driven around to look for homes in distress that were owned by banks, but keep hitting walls to get through to the correct department. The lender suggested I touch base with a wholesaler. If you are a wholesaler with homes under $225K in Nassau or western Suffolk, please connect with me. Or if under $250K in Queens. I'm also open to any feedback or suggestions from others.

Thanks much!  I hope to hear from someone.. anyone!

  • SAKINAH P.
  • Most Popular Reply

    User Stats

    13
    Posts
    5
    Votes
    SAKINAH P.
    • Westbury, NY
    5
    Votes |
    13
    Posts
    SAKINAH P.
    • Westbury, NY
    Replied

    Once again an offer an a house needing work in a good neighborhood was turned down.  Waiting on feedback on a 3 over 3 duplex in a lesser desirable neighborhood that would be good for a rental.  Wish me luck!

  • SAKINAH P.
  • Loading replies...