First Post Here! Looking to Start Building My Team!

13 Replies

First off I would like to say thank you to everyone that contributes here.  The wealth of knowledge than can be obtained is incredible and I am happy to have stumbled across BP and more importantly this NJ sub forum.

A little bit about myself - I've always had an entrepreneurial spirit growing up (started a small landscaping company in HS to get me through college), however, I fell into the trap of "you need to get a good degree, then a good job, with a good company."  So I went on to get my accounting degree from Kean University and then on to get my CPA.  Here I am several years later, still stuck in the wheel working for the man.  Luckily, I work for a great company who values it's employees, however, I still don't feel fulfilled and I feel tied down and not free to make my own decisions.  This is why I am now getting into Real Estate investing.  I'm brand new to real estate, because I was always told how difficult it is to buy a house, let alone invest in a property, but now I have learned that is all simply not true (I do know it is not easy, per se, but it is attainable with some hard work and diligence!)

If you're still reading this, thank you!  So, right now I'm at the point where, I'm just getting off the ground.  Luckily, my amazing wife is completely on board with this and we've put a plan together to save as much as possible in the upcoming months to hopefully be able to close on our first investment property by the fall (if not sooner).

While we are saving I would love to start connecting with people to develop my team, and I'm hoping you guys can help.  I know this topic has been brought up before, so I'm going to beat a dead horse rather than start DMing people here out of the blue looking for help. I know people are busy and don't want to waste anyone's time if they're not interested.

What my current company has taught me is that it's not fun to be successful and at the top, all by yourself.  If you share your success with the people you work with you will all be much more successful in the long run.  I'm not looking for the cheapest help, but for great help.  I want to build a team where we can all grow and be successful together!  

My goal is to make my first investment, ideally in a 3/4-plex in the Hudson County area, although I am also open to a Duplex as well if the deal is right, and I'm looking to be able to connect with like minded individuals in the following areas:

- Agent - someone who wouldn't mind working with a new investor, and has experience/knowledge working in the Hudson County area (which is where I currently reside - I'm in West New York to be specific)

- Bank - I would love to be able to work with a community bank/credit union, as I prefer to be able to give back to the small businesses within the community rather than fill the pockets of the big banks. I would like to get information on qualifications for FHA or other low down payment options. If anyone has had any great experiences working with any specific banks in the area, please let me know.

- Attorney - someone along the same lines as the agent - someone with local knowledge/experience would be great as I'm not sure if there are any specific rules to the different cities within Hudson country that I should be thinking of.

- Accountant (yes, I'm a CPA but unfortunately my experience has nothing to do with small business set up/taxation issues), it would be great to be able to sit down with someone to figure out how to best structure everything for my situation.  I would also want someone to handle the tax filing annually.

Thank you all for reading this far.  Any referrals would be greatly appreciated.  I look forward to connecting with anyone here and look forward to the day when I can finally start providing my experience to help the community here grow.

Kind Regards,

Justin

Hey @Justin McElroy , welcome to BP!

The best way to network and connect with the professionals you just mentioned, is attending local RE meetings! Take a look here in BP or Meetup.com and do a search. Im pretty sure you will be able to accomplish your goals there! Good luck!

Hi Justin, Welcome! Sounds like you have a focused game plan- I'm sure you will do great things in the REI space. Here's to a new venture! Cheers

Welcome to BP!

I am also a CPA - I realized there had to be more to life(vacations, seeing family, long lunches) than the mundane busy season that rolls in year in year out. Busy season also appears to get longer and longer as you progress in your career.

I would focus on an agent in the area that you are interested in investing in and having him/her set you up with daily updates to the MLS. Also reach out to a lender to see what you qualify to buy. No need to waste anyone's time if the quad you want to buy is $400,000 and you only can buy a property at $200,000.

Good luck on your Journey!
Let me know if you have any specific questions.

Welcome to BP Justin!

Definitely attend some biggerpocket meetups. If there isn't any in your area then perhaps it's a good opportunity to start one. Good luck to you on building your team. Keep us posted on any new developments.

Thank you all for the warm welcome and words of encouragement!  I noticed there are a couple meet ups right here in Hudson County.  I'll keep my out for the next one.

If anyone else here attends any of these events, let me know.  I'd would love to meet some of you guys there.

And of course if anyone else has any references or information they can provide specific to the Hudson County area, I'm all ears!

Welcome to BP Justin! I live in nearby Jersey City, and I decided to invest in Allentown/Lehigh Valley for higher returns. It is only a 1.5 hour drive away, so if you are ever interested in investing out of state, give me a shout. I am also down to talk about ASC 606 if that is what you are into.

@Justin McElroy welcome! west New York is a great place to start. it is very close to the city and there are a lot of great deals in that market. you could start looking for an agent with local knowledge from whom you could get some general ideas. 

Originally posted by @Justin McElroy :

First off I would like to say thank you to everyone that contributes here.  The wealth of knowledge than can be obtained is incredible and I am happy to have stumbled across BP and more importantly this NJ sub forum.

A little bit about myself - I've always had an entrepreneurial spirit growing up (started a small landscaping company in HS to get me through college), however, I fell into the trap of "you need to get a good degree, then a good job, with a good company."  So I went on to get my accounting degree from Kean University and then on to get my CPA.  Here I am several years later, still stuck in the wheel working for the man.  Luckily, I work for a great company who values it's employees, however, I still don't feel fulfilled and I feel tied down and not free to make my own decisions.  This is why I am now getting into Real Estate investing.  I'm brand new to real estate, because I was always told how difficult it is to buy a house, let alone invest in a property, but now I have learned that is all simply not true (I do know it is not easy, per se, but it is attainable with some hard work and diligence!)

If you're still reading this, thank you!  So, right now I'm at the point where, I'm just getting off the ground.  Luckily, my amazing wife is completely on board with this and we've put a plan together to save as much as possible in the upcoming months to hopefully be able to close on our first investment property by the fall (if not sooner).

While we are saving I would love to start connecting with people to develop my team, and I'm hoping you guys can help.  I know this topic has been brought up before, so I'm going to beat a dead horse rather than start DMing people here out of the blue looking for help. I know people are busy and don't want to waste anyone's time if they're not interested.

What my current company has taught me is that it's not fun to be successful and at the top, all by yourself.  If you share your success with the people you work with you will all be much more successful in the long run.  I'm not looking for the cheapest help, but for great help.  I want to build a team where we can all grow and be successful together!  

My goal is to make my first investment, ideally in a 3/4-plex in the Hudson County area, although I am also open to a Duplex as well if the deal is right, and I'm looking to be able to connect with like minded individuals in the following areas:

- Agent - someone who wouldn't mind working with a new investor, and has experience/knowledge working in the Hudson County area (which is where I currently reside - I'm in West New York to be specific)

- Bank - I would love to be able to work with a community bank/credit union, as I prefer to be able to give back to the small businesses within the community rather than fill the pockets of the big banks. I would like to get information on qualifications for FHA or other low down payment options. If anyone has had any great experiences working with any specific banks in the area, please let me know.

- Attorney - someone along the same lines as the agent - someone with local knowledge/experience would be great as I'm not sure if there are any specific rules to the different cities within Hudson country that I should be thinking of.

- Accountant (yes, I'm a CPA but unfortunately my experience has nothing to do with small business set up/taxation issues), it would be great to be able to sit down with someone to figure out how to best structure everything for my situation.  I would also want someone to handle the tax filing annually.

Thank you all for reading this far.  Any referrals would be greatly appreciated.  I look forward to connecting with anyone here and look forward to the day when I can finally start providing my experience to help the community here grow.

Kind Regards,

Justin

Welcome Justin! I'm gonna throw you a bit of a curveball. Everyone always says "go to meetups" (myself included). I don't believe I've ever gotten contacts for potential team members from meetups. Don't get me wrong, they are great to go to to learn and build your network, but I built my whole team from resources right here on BP. If you're on here enough and cognizant of what's going on you can probably find knowledgeable people and resources fitting everything you described right here. Set your keyword alerts appropriately and drop in once a day and you'll have no trouble. Good luck! 

Hey Justin - Nice Intro!  Im sorta new here as well and kind of new to RE Investing.  I am in the next town over in Union City and would love to link up for coffee.  I currently have two multifam in Union City and looking to get some more.  I, like you, am a CPA but the closest I get to tax and structures is doing my own taxes.  I too am not fulfilled working day to day at a company.  So, if you are interested in chatting, let me know.  I could also use a buddy to go to the local Real Estate Investing groups!

welcome to the forum.  Some folks will tell u if you don’t have enough money don’t waist others time...  I will tell you opposite..  

if you do not have enough money find the folks who do who are also open minded about your journey.

The key is to find passionate A team members the ones who will believe in you.

Perhaps I am not the best person to provide this advice because after all ... heck I am just a newbie and only 2 months and 14 days in commercial real estate journey....

Yet somehow I already found one person just from a local meeting who I managed to bond with well.

The idea here is to be likable and yes make contacts across both virtual levels and physical levels.

In case if interested how I get folks to trust me.. even though I am just a newbie feel free to check out my journey, where I document my actions and simply share with folks my passion to gain financial freedom by investing into multi family building.

If interested to see how on earth am I doing this feel free to ask me to share the link to my blog and I will gladly do so.

And once again welcome to this forum and I am excited to have new passionate members in this amazing journey towards financial freedom.

Wow, I really enjoyed this thread. It's easy to get discouraged as a newbie in real estate (overnight success doesn't exist and having patience and doing the actions steps needed on a consistent basis is key...)

Hearing other passionate real estate investors is really refreshing and inspiring.

Good luck to all of us!

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