Novice real estate investor from Hartford, CT

Novice real estate investor from Hartford, CT

Hartford, CT · Member since 2017 · 5 posts · 3 votes

Hi everyone, 

My name is JC Foumena and I am a novice real estate investor from Hartford,CT.  I have a keen interest in wealth creation and management and am passionate about investing at the macroeconomic and microeconomics level. My interest in real estate investing stems from the fact that I want to be financially secure and provide for my family now and for the distant future. I think that real estate really provides an unique way to develop long term wealth if done correctly. I currently have a full-time job with an insurance company around Hartford, CT and am eager to soak as much knowledge as I can before making my first deal. I joined bigger pockets this month and am looking to expand my knowledge for a year. I have been using the amazing learning resources that are available on bigger pockets. (I started listening to the podcast. It is amazingly goood!!) 

My short-term goal is to buy my first investment property by June 2018. 

During the next 12 months, I want to :

expand my REI knowledge,

meet and discuss with  local and online real estate deal makers,

create my real estate team(RE agent, property manager, accountant, attorney)

get my real estate license( I am not sure if I should start the process of getting my license now or hire a real estate agent for my first deal or do both)  

get my personal finance in order 

set up a business plan

What to do you guys think about this plan?

With my limited knowledge and the fact that I am working full-time, I am mostly interested in investing in small multifamily rental properties(2-4 units) in CT, MA, and RI.  As I get more experienced, I would like to consider other investing venues such as private lending opportunities, investing in rental properties abroad, investing in historic homes. I also want to learn and participate in syndication if the opportunity arises. 

I apologize for making a long post but I am sure that it provides a thorough view on my short-term and long-term aspirations and goals. My mantra is to add value in anything that I do.I am very happy to be part of the BiggerPockets family and look forward to discuss with like-minded people. 

Please feel free to add my as a colleague or shoot me a message if you can. 

Random Fact: I speak fluently French and Spanish.  

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  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    9y

    Welcome to the BP community JC and all the best in your investing

    BiggerPockets
  • Hartford, CT · Member since 2017 · 5 posts · 3 votes
    9y

    Thank you @Michael S.!!

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