New to Investing, Aiming for Passive Income

New to Investing, Aiming for Passive Income

NJ · Member since 2018 · 2 posts · 1 vote

Hello Biggerpockets! My name is Daniel. I'm 25, and just started my career path to become a licensed plumber. For the past few months I've been listening to the Biggerpockets podcast learning about real estate investment. The BRRRR strategy is something that really stands out to me. The idea of putting little to none of my own money down and building up passive income obviously has its appeal.

I'm looking to get started with either single families or duplexes. I don't have interest in investing in my home state NJ (a state with more landlord friendly laws would be more up my ally). I've been considering Texas.

I understand that networking with lenders, real estate agents, property managers, and local banks is a must in order to get started. Its my goal to be on these forums everyday until I get my team! Wish me luck! I'll see you in another thread.

1Reply
19 views

5 Replies

Jump to latestLatest
  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    8y

    Welcome to the forums Daniel and best of luck in your investing

    BiggerPockets
  • Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
    8y

    Welcome to BP @Daniel Vivanco! What led you down the path of becoming a licensed plumber?

  • Investor · Charlotte, NC · Member since 2017 · 791 posts · 479 votes
    8y

    @Daniel Vivanco texas is a great market for investments. If you become an expert in a certain area of Texas and know everything about it your chances or making a great invest sky rocket.  Also having someone in the area that you can rely for unbiased feedback will help you a lot. bets of luck to you in your future investments.

  • NJ · Member since 2018 · 2 posts · 1 vote
    8y
    @Scott Morongell Thanks Scott. What sort of knowledge would you say is best to have about an area?
  • Retirement Accounts Attorney · Southfield, MI · Member since 2017 · 3k+ posts · 1k+ votes
    8y

    @Daniel Vivanco

    Welcome to Bigger Pockets.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.