Newbie from New Jersey

10 Replies

Hello folks,

                  New to BP and this is my first post. Started listening to the Passive Real Estate Investing podcasts from Marco S. at Norada a few months ago and finally reached the BP website during my research.  I am from NJ and currently own a rental that i originally use to live in. At this point looking to invest out of state and recently got in touch with Norada and had a counselling session with one of their advisors. I have come across JWB and MI in my research as well. Slow start with Norada so far but not in a rush and in it for the long term.

This is a great community and I am glad i found it.

Regards,

Royston

Welcome to BP! It's definitely the best place there is to learn about any topic imaginable related to real estate. 

Hey @Royston Lobo — Welcome to BiggerPockets.

Glad you like our podcast, and thanks for being a subscriber!  :-)

The “slow start“ is really based on how fast or slow you want to go. We make it a practice of not rushing clients into properties. They set the pace. That’s the right way to do it. You build your portfolio as fast as you like.

Happy to address the other providers in a private message if you like.

As always, feel free to contact me anytime.

Continued success!

Welcome to BP @Royston Lobo ! @Marco Santarelli 's podcast is a great one that I listen to as well. Where in NJ are you from? What states are you looking at to consider starting out in your journey? 

There is nothing wrong with the speed of implementation if you are making progress. 

@Royston Lobo Hi there fellow NJ newbie! I’ve been going through paralysis by analysis for the past year! I am finally pulling the trigger and currently closing on a deal in Alabama that came through Norada. So far I’ve had a great exchange with one of their advisors Melissa Nash. They always answer my questions no matter how elementary. I’ve not interacted with Marco Santarelli but I suspect they’ve grown as a business and he’s probably more removed from daily operations than he was say three years ago. Norada walked me through initial steps and gave me contacts to reach out to for lending, insurance, and property management. You still have to do leg work and make sure you do your due diligence by looking at other lenders, property managers, etc. I’m learning A LOT by just doing. More so than just researching and reading. There are just so many nuanced scenarios that arise as result of only taking action. Am I still anxious and nervous... heck yeah! The whole purchase agreement process happened so fast I’m still thinking about what I left on the negotiation table! But the math works out and numbers don’t lie if you have factored in all your variables conservatively. There is always risk... but I’m tired of leaving my money in a savings account earning no interest. Happy to field any newbie questions, with the caveat that I absolutely don’t have majority of answers but we can find them out together. Best, Shawn

Hello! @Royston Lobo

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I have other blogs that may be helpful here on BP in my personal blog that you can check out. Good Luck :)

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