I'm a super-noobie and wouldn't mind picking the brains of some locals in SOC.

You are starting with a larger amount of capital than most new investors, so you need to make sure you carefully plan how you will utilize it to its highest potential.

After gaining great education I moved to Jersey City and I rented a decent apartment in a house on top floor in affluent heights area of JC.My landlord told me and is part of lease agreement that heat and hotwater included, now after staying here for 4 months we had heating started in the month of October and my utility bill jumped from average 40 dollars to 250 dollars a month.

i mean, of course, if you can pick up a house for over 60,000 below market or in this case 20% below market and fix it up to make like 10 or 15k, that's good.there's just so many variables.

They only costs they have are for utilities (Electric, Gas, Water, Sewage) and Insurance for month.

I have found Loans to be a great way to leverage and acquire assets, assuming like everything else you pick the right investment.But again, I really think it comes down to what are your specific Cashflow and investment goals.

I'd pick another city.

I got my FICO in July and it was a 674 which isn't HORRIBLE, but I want it alot higher so I can get a good rate for my first real estate dealAnyway..I heard that for people like me, I could get authorized under some1 else's credit card and I would automatically pick up their years of credit.

i just pick up the local paper and check out what other landlords are getting. sometimes i even go and check out other rental properties to see what shape they are in for the money. if you call and be upfront, i found that most other landlords will be helpful.

I found a guy (investor/builder) who will do the following: You pick any deals that you want to invest in.