All Forum Posts by: Dj Samson

@Joseph BallI was referring to Paid Newsletters.

@Sean T.Thank you for the suggestions.  

Hi,

I work in direct marketing in the financial sector. It's a really interesting job and in the beginning I was surprised there were so many newsletters based on stocks/options investing.

But I haven't seen many real estate investment publishers. Am I missing something? Do you subscribe to any REI newsletters?

@Nathan Emmert Thanks for the advice. I'm actually in the process of relocating to a different area to start a new job. But once I get settled I absolutely plan on joining the local REIA and immersing myself in the local scene.

@Shane Pearlman@Account Closed @Jeff Greenberg 

First off, let me thank all three of you.  You guys have given me a wealth of information to chew on. It sounds cheesy, but this community truly is an awesome place for people to learn together.

So I guess my best bet right now is to save up some money and create a solid track record of income.  If it's possible to partner with someone I'll jump on it, but if not after the two year mark I will most likely take out a conventional loan for a 4-unit (or smaller).  

Then as my net worth increases I will be eligible for a commercial loan.  I don't think the max loan amount will affect me, since my investment strategy is value-play oriented and I want to keep "trading up" to larger properties every few years.

Thanks again for the amazing help!!

As someone who isnt interested in flipping SFH, and wanted something more active than buy and hold, the value-play method is absolutely perfect. I count Steve Berges as one of my favorite real estate authors.

Hello! This is a newbie question but couldn't find it asked anywhere else. I want to buy a multi-family building and plan on spending the next year saving up the down payment and learning more about analyzing investments. I want to live in one of the units and rent out the rest. But I'm just starting my first "grown up" job. I spent the last few months since graduating college working for myself and part-time for a hotel with low wages. How long will I need to work for this company to establish a solid track record of income before I can apply for a conventional loan?

I'm relocating to South Florida (the Delray Beach area) next month and I'm interested in joining a local REIA. I am a beginner just starting out, but I saw there are a good amount of real estate investment organizations in the area. I was wondering if there were any BP members who could give their two cents on the ones they have joined? I wouldn't mind driving to places like West Palm, Fort Lauderdale, etc.

Hello!

My name is Darren and I recently graduated college and I am in the process of getting my NYS Real Estate Salesperson License. I am back home living right outside of Poughkeepsie, NY which is located in Dutchess County a little north of NYC. My plan is to begin flipping houses in Poughkeepsie/the Hudson Valley in order to build up some capital. I will also be working as either a commercial or residential real estate agent depending on which firm I choose in the next couple of weeks. My ultimate goal is to take the profits from my flipping business and invest in large complexes for a more passive income.

I have learned alot thanks to authors like JScott, but now I'm looking to meet with other investors who may more specialized knowledge of the areas I'm looking to invest. I would love to find out some recommendations regarding local attorneys and general contractors in Poughkeepsie who are familiar with real estate investors/flipping.

I also hope to eventually move to the Rhode Island coast in the next few years and potentially begin investing in the Newport/Narragansett, RI areas even sooner. I wouldn't mind picking someones brain who is located/invests there either if they were interested.

Thank you for your help!

Darren

Hey @Michael Medeiros, I don't have much advice to give as I am very new to REI, but Newport is my all-time favorite vacation spot. I am from upstate New York and I am involved in real estate here, but my ultimate goal is to relocate to RI and live in the Narragansett area and invest near Newport. I have heard inland Rhode Island doesn't experience much growth, but as far as Newport goes even in the winter time there is steady tourist traffic.

@Colleen F., I have read some of your posts after doing searches based on Narragansett. Is there a local REIA near the RI Coast?

I'm just starting out with real estate investing but I am constantly tweaking my long-term and short-term plans. I wanted to ask the BiggerPockets community if anyone does any other type of business ventures?

The reason I ask is because they opened up a Moe's (a growing national mexican-food chain) in my area and they're absolutely killing it. The place has been packed for the past year since they started doing business. I looked up the owner and he operates multiple locations in my state plus a few frozen-yogurt stores as well. It seems like a great passive income stream.

I have also been daydreaming about the idea of opening up my own property management firm when I decide to become a full-time investor.

It's obviously an investment I won't be able to undertake for a while, but I was wondering does anyone else dabble in other entrepreneurial ventures?