Newbie from NYC .... willing to travel

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Newbie from NYC .... willing to travel

Phillip White
New York, NY · Member since 2017 · 4 posts · 2 votes

Hey everyone, My name is Phil and I'm looking to get into real estate investing. I'm from NYC but was thinking about trying the eastern pa area or nj. I extremely new to this and I wanted to start out by buying in auctions and flip it houses. Just looking for some good solid advice in the right direction 

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Tom Ott
Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
9y
Originally posted by @Phillip White:

Hey everyone, My name is Phil and I'm looking to get into real estate investing. I'm from NYC but was thinking about trying the eastern pa area or nj. I extremely new to this and I wanted to start out by buying in auctions and flip it houses. Just looking for some good solid advice in the right direction 

 Hello and welcome! This is a great place to start. Give The Most Common Misconceptions of Investing in Real Estate a read to get you started.

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  • Ozzy SirimsiBusiness Member
    Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
    9y

    @Phillip White Let me know if you consider Baltimore, if you are a buy and hold person Baltimore is a great area.

    0Reply
  • Tom Ott
    Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    9y
    Originally posted by @Phillip White:

    Hey everyone, My name is Phil and I'm looking to get into real estate investing. I'm from NYC but was thinking about trying the eastern pa area or nj. I extremely new to this and I wanted to start out by buying in auctions and flip it houses. Just looking for some good solid advice in the right direction 

     Hello and welcome! This is a great place to start. Give The Most Common Misconceptions of Investing in Real Estate a read to get you started.

    1Reply
  • Bernard ReiszPro Member
    CPA delivering RE Tax Tools: 1031 Exchange, SDIRA, 401(k), Cost Seg · New York City, NY · Member since 2017 · 581 posts · 563 votes
    9y

    @Phillip White

    Welcome to BP and best of luck in your real estate investing!

    A great place to start is https://www.biggerpockets.com/meet which you can use to find like-minded people in your area that can help achieve goals.

    You'll find some helpful tips at https://www.biggerpockets.com/starthere.

    See you on future threads!

    [email protected]
    0Reply
  • Phillip White
    OP
    New York, NY · Member since 2017 · 4 posts · 2 votes
    9y

    thank you everyone for the warm welcome. 

    @Ozzy Sirimsi i would be interested in looking into the Baltimore area. When u say bybamd hold are you talking long term or for a few months or so? 

    0Reply
  • Ozzy SirimsiBusiness Member
    Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
    9y

    Buy&Hold meaning rental properties. It is up to you long terms or short term...

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    9y

    @Phillip White

    Welcome to the BP family! Great that you joined the site! Here are some recommendations for you:
    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    Wishing you the best!

    0Reply
  • Ryan SaullePro Member
    Flipper/Rehabber · Rahway, NJ · Member since 2017 · 137 posts · 123 votes
    9y

    Welcome to BP! @Phillip White ! Stick around, you learn so much from this site! 

    0Reply
  • Phillip White
    OP
    New York, NY · Member since 2017 · 4 posts · 2 votes
    9y

    thanks again everyone 

    0Reply
  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    9y

    @Phillip White welcome to BP. 

    While I love Baltimore I suggest you invest somewhere closer to where you live. It is easier, less risky and less costly to invest nearby. The investors who know the market best get the best deals. That is easier to do locally. My guess is there is plenty of opportunity within 1-1 1/2 hrs of where you live.

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  • Jefferson G.
    Investor · Matawan, NJ · Member since 2015 · 111 posts · 29 votes
    9y

    Welcome @Phillip White to BP! Regarding starting, I suggest to avoid auction if you are brand new since in auction there are too many moving pieces and you are buying properties that possibly you will not be able to see prior to buying. Try reading all the free articles and books here in BP to educate yourself of terms, different ways of structuring deals etc.. Good luck :)

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