All Forum Posts by: Glen Knight

@John Thedford thanks for the advice, I actually made an appointment with a CPA to discuss my current financial situation this weekend. I'm not very well versed in the intricacies of these account types and rules relating to them, so I'm doing as much research as possible before jumping in.

@Mark Nolan Thanks for the early clarification. That saves a lot of hurt in the long run.

@Natalie Schanne - thanks for your response and advice. I'll continue to work on my savings and credit through budgeting. I do have W2 income available to help, I'm not sure if I have enough to help me get approved for a loan though, as I'm not sure of the criteria. I wanted to get advised and be a bit more informed before I looked into getting pre-approved for a mortgage and started making calls to different home owners. 

Was the house you were speaking of strictly a rental property? I've definitely heard horror stories, and that has added to the fear of getting started. I was thinking my first property should be my primary residence with the capability of being turned into a rental. I could live there and fix it up a bit and rent it out after a year or so.

I also signed up for an event with my local REIA this week. I see you are in the NJ area, I'm not sure if you're familiar with the quality of the REIA NYC, as I was invited to another event by a different group that turned out to be a Renatus sales pitch.

Hi all, after a few life changes I'm looking to seriously begin investing. I've been reading and going to different investing events. 

My credit is on the low side and my savings are low as well. I'm taking the time now to understand and increase both of these, but in the meantime, I'm looking for ways to get started. Reading around I found that I could look into HUD homes and foreclosures, for financing I also read that you can use up to 10k from your 401k to finance your first home.

I'm looking to see if anyone has had a similar experience or any advice regarding the strategies I've spoken about. 

Hi everyone. I have been doing some reading on BiggerPockets to get myself educated in the various types of investing that can be done with real estate, as well as talked to a few friends who invest, mostly doing flipping, and I think that based on my current financial status, wholesaling may be the best option for me.

The purpose of this post is to hopefully have a few questions answered, or at least point me in the direction I need to find the answers. I'm a young professional, and I moved back to NYC last year from Florida. NYC is my hometown and someplace where I'd like to start spreading my roots. 

My questions are:

Does anyone with experience wholesaling in NYC have any advice where to start?

What will I need to get started?

I apologize in advance if my questions are a bit general, but the amount of information is a bit overwhelming, and I'd like to talk to someone to help break it down for me.

Hi everyone, I'm still wrapping my head around the concepts and terms so please bear with my ignorance :) I'm currently renting an apartment close to my current job, and I think I'm ready to make the jump to owning/pursuing investment properties.

As a recent grad, my credit history/savings is limited, but I am working on that.

I'm thinking of inquiring about a few condos and single family homes I've seen in the area. Hopefully I can find something to move into by about August at the earliest. I would have to contact a realtor to help me along that process.

I've also done some research and found local REIA's for meetings to attend. I'll give them a call later during the week to inquire about their mentoring programs and meeting schedules.

I read through the beginners guide, and also have the podcasts queued up.

As far as putting myself in a better position, would owning be a better position at this starting point, or should I continue renting and place my focus elsewhere?

Hi everyone, I'm Glen. I'm a recent college grad living and working in fort Lauderdale. I don't know much about real estate besides what I've read on the site, but I would like to learn. My final goal is financial independence and early "retirement", and I hope to achieve that through many different investments, real estate included. In the short term is like to make the transition from renting to owning, perhaps a condo, or a multifamily home as I've read on the site.

I don't have much cash saved up yet outside of a small emergency savings fund. I'm not exactly sure where to start as far as owning, I did sign up to be prequalified for a mortgage, so it's a start. Right now I'm on the site mostly to learn so I can plan my steps wisely. Any advice would be greatly appreciated. I look forward to working with you all :-)