New Real Estate Investor from Hamilton, New Jersey

8 Replies

Hello BP!

My name is Adam, and I am a new real estate investor currently residing in Hamilton NJ. My "day job" is currently as a graduate student at Thomas Jefferson University, and I spend a lot of my free time in educating myself of the ways of real estate. My business partner is a real estate agent who is also new to the investing side of real estate, and we are mainly interested in buy-and-hold for multifamily properties in central/south Jersey. Our long term goal is to acquire multiple multi-family properties over the next 5-10 years, and to eventually trade up for an apartment complex. We are very excited to get our feet wet, but finding a deal in our target area that fits our investing goals has been difficult. We are young investors (ages 22 and 23 respectively), so finding funding for any RE investment hasn't been the easiest either. We are looking to learn as much as possible in the coming months as we continue to search for deals, and I am very excited to be a part of the BP community! I would love to discuss more with anyone in my area about their experiences in our local market. I hope everyone has a wonderful day!

Regards,

Adam H.

Hey @Adam Haines there are a bunch of us operating in the area! Check out meetup.com for local investor meetings, there are a few in Trenton. I also run one for SJREIA in Princeton we meet the 3rd Thursday of the month, I'll send you a PM with more info.

Welcome to BP!

Hey Adam,

Welcome to BP! I'm relatively new myself and live in the area. Justin is a great resource and I definitely suggest going to any SJREI meetings or meetups. I try to get to as many as I can but I'm a mom of 2 children with some time constraints. I'm currently rehabbing my first property in Ewing. PM if you're interested in seeing the property and discussing the process, I'm still very green but willing to share my experience so far with you. Kudos to you for starting in your twenties!

Lillian Leigh

Luminaire Property Group

Welcome to BP, Adam!

Keep posting and stay active on the forums. You will learn so much from others who are very experienced in what you would like to do. You can also go to your local Real Estate Investor Association meetings to make some very valuable contacts.

Start speaking with lenders (both big banks and the smaller ones) to get a feel of what they would require you to bring to the table. Remember that real estate is a numbers game so if you are rejected by one lender just move on to the next!

Thanks for your advice @Noel Challenger ! It truly is amazing how willing the BP community is to help novices such as myself. What I've found most difficult is figuring out how to make time to provide something of value for more experienced investors. My current job only leaves me with time during the weekends, but my partner and I are doing everything we can to slowly make contacts and get ourselves out there. Your advice on speaking with lenders is spot on, there are many lenders out there so I think it is just about being persistent and learning from each experience. Thanks again!

Welcome to BP @Adam Haines ! You're in a good place in Hamilton. There's a lot of investors in your general area and you've got access to NY and Philly investors and meetups. There are plenty around and more and more popping up by the day. Best of luck!

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