Hi everyone - hope this message finds you well.
I am brand new to BP and am actively looking for the first deal. We are primarily looking for SFH rehabs in the West Orange / Maplewood / South Orange area in Essex County northern New Jersey. My wife and I both work in marketing / brand management for large organizations, but there is a part of us that still thinks like engineers. We are excited to put the 'scientific method' into action and are eager to learn and navigate a new business. My wife's last day at work is this Friday the 13th (fitting), so our newly formed LLC will have its captain and we will be accelerating our research and outreach to find some deals. We'd love to meet new folks in the area and would be open to partnering on deals to continue the learning curve, particularly in the small multi-family rental space (easy access to PATH/mass transit).
Looking forward to sharing our experiences and connecting with you.
@Nick Senter Congrats to you and your wife on the decision to start this RE journey together as a team! I recommend you start going to local REI clubs. You can find ton of them here on BP under Events or on Meetup site once you register. Feel free to PM me for specific recommendations.
Thanks a lot Alina. We are going to be traveling and off-the-grid for a couple of weeks, but we definitely plan on attending events in northern NJ beginning in August. We are going to check out a live auction to try to learn the ropes before we explore that avenue for deals.
Nick welcome to the forums. Based on your profile pic, did you go to Cornell? Go Big Red!
Welcome to BP. here are 4 local REI clubs you may want to attend
The second one has a meeting tonight , they all usually have meetings once a month
Congratulations to you both and best of luck in your journey!
@Kon Zel : Yes, I spent my undergrad years far above Cayuga’s waters and managed to get through the engineering curriculum. Go Big Red!
@Patrick Liska :
Thanks a lot- hoping to meet you at one of these events in the near future. Take care.
Welcome! I have a women only Investment group that is about connecting, learning and inspiring. Check out the link. Love to have your wife join us! https://www.meetup.com/Women-Who-Want-to-Be-In-Rea...
@Risha Walden :
Thanks a lot - I passed it along. Hopefully she can make a meetup in the near future.
@Odie Ayaga :
Engineering undergrads, but we both went back to get MBAs and transitioned to marketing.
Very interesting transition. Any particular reason?
@Odie Ayaga :
We wanted to set and drive strategy, which was owned by the marketing function at our companies. So, we made the move and haven’t looked back.
@Nick Senter Welcome to BP!
If you haven’t already listened to the podcasts I’d start there.
Episode 108 - Grant Cardone... Just listen…
Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...
Episode 113 – Jay Papasan - Very practical slow and steady advice
Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k
Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Tax Reform Update – Brandon Hall and Amanda Han
BP Calculators or spreadsheets uploaded by members
My Favorite Books
I have to say all of the BP books…right? :)
The Millionaire Next Door
The Millionaire Real Estate Investor
What Every Investor Needs to Know About Cash Flow
Hope this information can give you a good start. Feel free to reach out with any questions.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you