Kind of new member, from the NYC area

Kind of new member, from the NYC area

Investor · The Bronx, NY · Member since 2012 · 226 posts · 44 votes

Hi all. I joined BiggerPockets about 7 months ago. I have not ever posted here in the new member forum. At 1st I didn't know about it and after, well, I just screwed up and procrastinated for a while. Finally, I'm doing it.

I live in The Bronx, NY. My target areas for doing wholesaling and lease options (my 1st two investing strategies) are, The Bronx, Brooklyn and Nassau counties in New York. As I've been networking (REIA meetings, social media, phone calls, email, SMS, etc.) with investors in those counties and also Westchester, Queens and Manhattan for close to a year now, I've made a significant number of contacts in the area so I might be able to help BP members in the areas connecting and getting deals marketed and sold. I hope those of you in the above areas might be able to help me too here and there. I would appreciate that.

As I've already learned, BP is a great place to learn from experienced investors and I grateful to Josh and his staff for providing this amazing resource. I listen to the podcast religiously! Additionally, I eat, sleep and breathe RE Investing. I've come a long way. I've just purchased 2 positive cashflowing properties in Memphis last month and I'm buying one in Indiana this month.

Please check out my profile and learn more about me and my business. My contact info is there as well. I'm glad to help in any way I can. Hopefully, my business and I could offer value to you and your RE investing business. Thanks for taking the time to read this.

Pete Nater

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Brandon TurnerPro Member
Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
13y

Hey Pete Nater It's good to see your introduction!

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  • Lexington, KY · Member since 2009 · 2k+ posts · 1k+ votes
    13y

    It's about time! But, better late than never! Congrats on the 2 recent purchases Pete!

  • Investor · The Bronx, NY · Member since 2012 · 226 posts · 44 votes
    13y

    James Vermillion, Thanks, i appreciate it!

  • Chris ClothierBusiness Member
    Rental Property Investor · memphis, TN · Member since 2009 · 2k+ posts · 3k+ votes
    13y

    Hey Pete Nater - Glad you are finally getting active on BP! You are right - this is a GREAT place to network with some really top notch people and start providing some of your own great advice and feedback.

    Great to see you on here!

    Chris

  • Investor · The Bronx, NY · Member since 2012 · 226 posts · 44 votes
    13y

    Chris Clothier, thanks. B/t/w, the properties I mentioned, they are via Memphis Invest :) Amanda H is awesome. She explained how through private financing, I could buy more properties faster & stay off the FHA/Fanie Mae positions 2 through 4 radar at the beginning. You know what I mean. :)

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    Hey Pete Nater It's good to see your introduction!

  • Investor · The Bronx, NY · Member since 2012 · 226 posts · 44 votes
    13y

    Brandon Turner, Thanks. Love you on the podcast too. I'm a musician too and it occurred to me I might compose short commercial theme for your "Quick Tips" and "Famous Four" segments?? Interested?

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    I'm not opposed, but I think Josh might have something it the works for that. Not sure - I'll find out!

  • Investor · The Bronx, NY · Member since 2012 · 226 posts · 44 votes
    13y

    OK Brandon Turner, let me know. Thanks

  • Real Estate Investor · Dumont, NJ · Member since 2013 · 61 posts · 2 votes
    13y

    Hi Pete, I am new to the BP website and just getting started in REI. I am in Northern NJ and curious whether you are able to find properties in area that cash flow, and why you decided to purchase your first two purchases out of state.

  • Investor · The Bronx, NY · Member since 2012 · 226 posts · 44 votes
    13y

    Michael Krassos, you can definitely find cashflowing properties in Northern NJ but they are sure to be at a higher price point. Where I've invested, Memphis and now in Indiana, the houses are less expensive (the ones I'm buying are all under 70K) so I could put down payments on three with the same amount of money I might need to put on one in NJ. I also had guidance from trustworthy sources "holding my hand" for the 1st 3. We did our due diligence and I feel confident that they are good investments. You can message me if you want more specific info on my sources.

  • Real Estate Investor · Dumont, NJ · Member since 2013 · 61 posts · 2 votes
    13y

    Hi again Pete, yes please do share specifics on your sources, looking for any help I can get. Thanks in advance.

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