Newbie from New York!

29 Replies

Hello all! Its been almost 10 years since I've owned a property (SFR).

It was a foreclosed home that I bought upstate in Albany. I did rehab, and rented the property out for many years then sold it. 


Looking to educate myself like im brand new, but I want to start looking and feeling. Im thinking to stick with SFR for now and im looking into South New Jersey and Charlotte, NC areas. Im very open to advice and suggestions from the more experienced then myself. (Its been a while)

I would like to network as much as possible so that I can learn as much as possible. 

Investors, Developers, Specialists, Real Estate Agents, Brokers, etc. Everyone is accepted. 

Hello New Jersey State and North Carolina people! 🙂

Welcome!  If you haven't already I highly recommend you checkout the podcasts.  They are loaded with information.  Start with the beginning and work your way up.  They cover everything you need to know.  That's how I got started.  I haven't done any networking.

Originally posted by @Brent Paul :

Welcome!  If you haven't already I highly recommend you checkout the podcasts.  They are loaded with information.  Start with the beginning and work your way up.  They cover everything you need to know.  That's how I got started.  I haven't done any networking.

Very interesting, Ive heard just a couple podcasts. They were very informative, so I will continue to listen to more. Thanks!

 

Originally posted by @Ladè Baruwa:

Hello all! Its been almost 10 years since I've owned a property (SFR).

It was a foreclosed home that I bought upstate in Albany. I did rehab, and rented the property out for many years then sold it. 


Looking to educate myself like im brand new, but I want to start looking and feeling. Im thinking to stick with SFR for now and im looking into South New Jersey and Charlotte, NC areas. Im very open to advice and suggestions from the more experienced then myself. (Its been a while)

I would like to network as much as possible so that I can learn as much as possible. 

Investors, Developers, Specialists, Real Estate Agents, Brokers, etc. Everyone is accepted. 

Hello New Jersey State and North Carolina people! 🙂


 

Welcome to the site.

Originally posted by @Ladè Baruwa :

Hello all! Its been almost 10 years since I've owned a property (SFR).

It was a foreclosed home that I bought upstate in Albany. I did rehab, and rented the property out for many years then sold it. 


Looking to educate myself like im brand new, but I want to start looking and feeling. Im thinking to stick with SFR for now and im looking into South New Jersey and Charlotte, NC areas. Im very open to advice and suggestions from the more experienced then myself. (Its been a while)

I would like to network as much as possible so that I can learn as much as possible. 

Investors, Developers, Specialists, Real Estate Agents, Brokers, etc. Everyone is accepted. 

Hello New Jersey State and North Carolina people! 🙂

 Hello and welcome! Best of luck to you! 

@Ladè Baruwa

You have the right idea: going out-of-state. I am a big advocate of that approach, and I wear it constantly.

NY state has been tough for years, it's worse now due to the state legislative accomplishments and (likely) future plans in this arena. I do know that Charlotte has definitely grown in price quite a bit due to the huge influx of people to the region. I imagine there are a few areas there, but I am not sure if you will find great investment returns.

It's harder to find deals these days. For my money, I like Kentucky and Tennessee. I was in Virginia until a few weeks ago (sold our multi-family). Even that's getting tougher with a tax and inventory situation. 

Good to see other New Yorker's here. Don't hesitate to reach out if you need anything.

Originally posted by @James Wise :

Originally posted by @Ladè Baruwa:

Hello all! Its been almost 10 years since I've owned a property (SFR).

It was a foreclosed home that I bought upstate in Albany. I did rehab, and rented the property out for many years then sold it. 


Looking to educate myself like im brand new, but I want to start looking and feeling. Im thinking to stick with SFR for now and im looking into South New Jersey and Charlotte, NC areas. Im very open to advice and suggestions from the more experienced then myself. (Its been a while)

I would like to network as much as possible so that I can learn as much as possible. 

Investors, Developers, Specialists, Real Estate Agents, Brokers, etc. Everyone is accepted. 

Hello New Jersey State and North Carolina people! 🙂


 

Welcome to the site.



Thank you for the love!! Im so excited to be a sponge and learn from everyones experiences as well as my own. The topic exchanges on here are great!!  

Originally posted by @James Wise :

Originally posted by @Ladè Baruwa:

Hello all! Its been almost 10 years since I've owned a property (SFR).

It was a foreclosed home that I bought upstate in Albany. I did rehab, and rented the property out for many years then sold it. 


Looking to educate myself like im brand new, but I want to start looking and feeling. Im thinking to stick with SFR for now and im looking into South New Jersey and Charlotte, NC areas. Im very open to advice and suggestions from the more experienced then myself. (Its been a while)

I would like to network as much as possible so that I can learn as much as possible. 

Investors, Developers, Specialists, Real Estate Agents, Brokers, etc. Everyone is accepted. 

Hello New Jersey State and North Carolina people! 🙂


 

Welcome to the site.



Thank you for the love!! Im so excited to be a sponge and learn from everyones experiences as well as my own. The topic exchanges on here are great!!  

Originally posted by @Trevor Ewen :

@Ladè Baruwa

You have the right idea: going out-of-state. I am a big advocate of that approach, and I wear it constantly.

NY state has been tough for years, it's worse now due to the state legislative accomplishments and (likely) future plans in this arena. I do know that Charlotte has definitely grown in price quite a bit due to the huge influx of people to the region. I imagine there are a few areas there, but I am not sure if you will find great investment returns.

It's harder to find deals these days. For my money, I like Kentucky and Tennessee. I was in Virginia until a few weeks ago (sold our multi-family). Even that's getting tougher with a tax and inventory situation. 

Good to see other New Yorker's here. Don't hesitate to reach out if you need anything.

@Trevor Ewen Thank you so much for the great feedback. You feel my pain as a New Yorker! 

Very interesting choices you have made in your market selection. Thank you for the info regarding Charlotte. I will continue to do research before I make any movements. 

I will reach out, thanks again and good luck on your endeavors as well!

Originally posted by @Trevor Ewen :

@Ladè Baruwa

You have the right idea: going out-of-state. I am a big advocate of that approach, and I wear it constantly.

NY state has been tough for years, it's worse now due to the state legislative accomplishments and (likely) future plans in this arena. I do know that Charlotte has definitely grown in price quite a bit due to the huge influx of people to the region. I imagine there are a few areas there, but I am not sure if you will find great investment returns.

It's harder to find deals these days. For my money, I like Kentucky and Tennessee. I was in Virginia until a few weeks ago (sold our multi-family). Even that's getting tougher with a tax and inventory situation. 

Good to see other New Yorker's here. Don't hesitate to reach out if you need anything.

@Trevor Ewen Thank you so much for the great feedback. You feel my pain as a New Yorker!

Very interesting choices you have made in your market selection. Thank you for the info regarding Charlotte. I will continue to do research before I make any movements.

I will reach out, thanks again and good luck on your endeavors as well!

Originally posted by @Trevor Ewen :

@Ladè Baruwa

You have the right idea: going out-of-state. I am a big advocate of that approach, and I wear it constantly.

NY state has been tough for years, it's worse now due to the state legislative accomplishments and (likely) future plans in this arena. I do know that Charlotte has definitely grown in price quite a bit due to the huge influx of people to the region. I imagine there are a few areas there, but I am not sure if you will find great investment returns.

It's harder to find deals these days. For my money, I like Kentucky and Tennessee. I was in Virginia until a few weeks ago (sold our multi-family). Even that's getting tougher with a tax and inventory situation. 

Good to see other New Yorker's here. Don't hesitate to reach out if you need anything.

 

Updated almost 2 years ago

@Trevor Ewen Thank you so much for the great feedback. You feel my pain as a New Yorker! Very interesting choices you have made in your market selection. Thank you for the info regarding Charlotte. I will continue to do research before I make any movements. I will reach out, thanks again and good luck on your endeavors as well!

@Ladè Baruwa So I started browsing your posts from your reply on my post regarding the property my family owns and you have interesting markets that you are looking in to! I have decided to put my families house on hold as it has an emotional link. I have been looking into the South Jersey market as well. What specific counties are you interested in? I'm currently exploring Camden.

You have already taken some huge first steps just by getting your foot in the door! There is a vast wealth of free information and training available to you on BiggerPockets, so definitely take advantage of it. The community here is very knowledgeable and supportive as well, so ask any questions you may come up with! There are other forum-based community websites as well, such as LandInvestors.

@Inemesit C. I have not looked at too many places in South Jersey just yet, though I have also heard a few things regarding Camden as well. Message me and lets talk

Originally posted by @Amy Aziz :

You have already taken some huge first steps just by getting your foot in the door! There is a vast wealth of free information and training available to you on BiggerPockets, so definitely take advantage of it. The community here is very knowledgeable and supportive as well, so ask any questions you may come up with! There are other forum-based community websites as well, such as LandInvestors.

Thank you so much for the introduction! I have definitely absorbed a large amount of information through BP in a variety of ways. The community and website gears you with so much knowledge its almost absurd not to take full advantage!! 


I will look into LandInvestors, thank you again!

@Ladè Baruwa

Welcome to the BP family! Glad you joined the best real estate investing website! Here are some recommendations for you:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users
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Wishing you the best!

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