Updated about 8 years ago on . Most recent reply
Noob from northern New Jersey
Hello,
I have been lurking around BP for some time now, reading through the different forums. After listening (and continuing to listen) to numerous podcasts, and watching several webinars, I decided to upgrade to PRO membership. The practice in running analysis through the calculators itself is worth the upgrade.
I live in North Jersey, but grew up in Brooklyn, NY. Growing up my mom had real estate properties, from co-op rentals to a multifamily house. Real estate has always been in the back of my mind, but between finishing grad school and starting a family, REI was just not on the radar. Luckily, I lived through all the issues she had with the tenants, how she handled them, and helped with reno's from time to time. I was learning on the sidelines without realizing that some day I may use what I learned and start my own REI adventure. However, the funny thing is my mom would be totally against it.
The "why" is really what has pushed me to take this next step. My son has special medical needs, and as he grows he will need a specialized van to go on longer trips. As we know, anything that is "specialized" is not cheap. And thus I have to find other financial mean, outside of my career, to find the means to make sure he has what he needs.
It amazes me how many different paths can be set upon with REI, the question is always 'which is the right path for me?'. That I am still trying to figure out. Sticking with what I know most about, multifamily rentals, would make the most sense.
I look forward to gaining as much knowledge from the members of these forums, and maybe even working on some deals together.
Best,
Alex
PS. To start this new adventure I've decided to sell my BMW 5 series, for those that have reached their financial independence and would like a mint ride, send me a PM :)