I'm Dave from Hamilton, NJ. Hi All!

6 Replies

So as the title stated I'm Dave, David J. Warrick, Jr. to be specific. I’m an above average guy standing at 6’9” tall. I enjoy spending time with my family, and taking day trips to local favorites like the boardwalk and beach.

I'm in the beginning stages of starting my investing career. I have been interested in real estate since I was in my very early 20's, I just didn't know what it was or what I was doing. I attempted to buy several properties over the course of a year or so and whenever an issue stopped me, rather than persevere and move on I gave up. Today I look back at the "deals" I missed out on and kick myself. Flash forward to a little over a year and a half ago, I am married have a "good" full time job as a police officer and have started a family. However I'm not satisfied with what I have in life. So I start looking for a solution. I started on YouTube, watching "get rich quick" videos. Each one would lead me to another and down a path until I found videos about books.

Looking back, it’s kind of silly but the first book I read that got me started was, you guessed it, Rich Dad Poor Dad, that same week I also read The Richest Man in Babylon (which I think was mentioned in Rich Dad). This lit a fire in me only a few months before my 30th Birthday. Within 8 months or so My Father and I purchased our first flip. It was a hectic time in my life and I feel like I didn't do it right, things were missed and it wasn't what I expected. We did most of the work ourselves (my father taking the lead and doing 80% of it). Within 8 months the flip was bought, rehabbed and resold for a profit (taxes yet to be determined). Now that was 4 months ago. Since then, I have done a ton of reading and listening to BP podcasts. I have seemed to come to a tipping point.

I don’t want to flip houses, it wasn’t what I expected it to be, and there are too many moving parts for my taste at this time. I do however want rentals. I want to buy and hold multifamily homes. So, that being said I’m in a savings and learning phase. I need to develop my knowledge base, learn how to evaluate deals and make quality offers. My goal is cash flow with a bigger purpose in mind, fulfilling a lifelong dream of building my own home on a small farm preferably in my hometown of Hamilton. I am hopeful that I can make that dream come true within the next five years, and I think with the right moves it should be possible, only time will tell.

So I guess that covers the basics with some extra details and poor grammar thrown in for good measure. So Now that I’ve been a BP member for about a year (I think) I’m finally introduced. Feel free to ask questions, and/or give me any pointers or advice.

I hope to be a BP Success story once day! 

Hi Dave, same thing with my story I started out with looking at already good remodeled homes that I can rent out. Fast forward 8 months later I have 2 properties that I rent out by rooms since its by a college. Look into Turnkey investment properties in your area. Those are companies who purchase properties, remodel them and put tenants in place, and they provide management and tenants. Just be careful about your numbers and the credibility of the company. Hope this helps. 

@Ali Zantout Thats very cool. I hope to get there. I should clarify, I'm not adverse to a remodel if it adds value to a property I'm holding, the brrr method does interest me. I think I'd prefer that to buying turnkey and paying the premium. However that may be a good option I hadn't considered for my first one or 2 to save me some time. I appreciate the advice. Best of luck and keep up the momentum!
Originally posted by @David J Warrick Jr :

So as the title stated I'm Dave, David J. Warrick, Jr. to be specific. I’m an above average guy standing at 6’9” tall. I enjoy spending time with my family, and taking day trips to local favorites like the boardwalk and beach.

I'm in the beginning stages of starting my investing career. I have been interested in real estate since I was in my very early 20's, I just didn't know what it was or what I was doing. I attempted to buy several properties over the course of a year or so and whenever an issue stopped me, rather than persevere and move on I gave up. Today I look back at the "deals" I missed out on and kick myself. Flash forward to a little over a year and a half ago, I am married have a "good" full time job as a police officer and have started a family. However I'm not satisfied with what I have in life. So I start looking for a solution. I started on YouTube, watching "get rich quick" videos. Each one would lead me to another and down a path until I found videos about books.

Looking back, it’s kind of silly but the first book I read that got me started was, you guessed it, Rich Dad Poor Dad, that same week I also read The Richest Man in Babylon (which I think was mentioned in Rich Dad). This lit a fire in me only a few months before my 30th Birthday. Within 8 months or so My Father and I purchased our first flip. It was a hectic time in my life and I feel like I didn't do it right, things were missed and it wasn't what I expected. We did most of the work ourselves (my father taking the lead and doing 80% of it). Within 8 months the flip was bought, rehabbed and resold for a profit (taxes yet to be determined). Now that was 4 months ago. Since then, I have done a ton of reading and listening to BP podcasts. I have seemed to come to a tipping point.

I don’t want to flip houses, it wasn’t what I expected it to be, and there are too many moving parts for my taste at this time. I do however want rentals. I want to buy and hold multifamily homes. So, that being said I’m in a savings and learning phase. I need to develop my knowledge base, learn how to evaluate deals and make quality offers. My goal is cash flow with a bigger purpose in mind, fulfilling a lifelong dream of building my own home on a small farm preferably in my hometown of Hamilton. I am hopeful that I can make that dream come true within the next five years, and I think with the right moves it should be possible, only time will tell.

So I guess that covers the basics with some extra details and poor grammar thrown in for good measure. So Now that I’ve been a BP member for about a year (I think) I’m finally introduced. Feel free to ask questions, and/or give me any pointers or advice.

I hope to be a BP Success story once day! 

 Welcome to the site David.

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