Hi from NJ!

**FlashCash** · 10-25-2007, 02:14 PM

I''ve been out of school University of FL working as an electrical engineer back in my home state NJ for 1.5 years now....saving money living at home paying back tons of student loans while working towards my Masters in EE at Rutgers.

My investing strategies include: aggressive 401K, high interest online savings accounts, and using the 0% APR on credit cards to pay more student loans back (You have to be careful on paying them on time or the credit card lenders will kill ya w/ accruing interest)

I would love to get into the real estate market. Renting out Condos in NJ maybe. I really need to do some research throughout this website and books before I really make a move.

Would anybody have any suggestions on where to START for a young newcomer to the RE industry?

Anybody have any beginner mistakes that they see often?

Thanks....and GO GATORS!!

~Josh

**IggysListing** · 10-26-2007, 06:54 AM

There is a old quote,
"experience is a dear teacher, but a fool will learn in no other".
Always try to learn from the mistakes of others.
This forum is a good place to start.
Also, find experienced property owners of the type you are considering
and talk to them or work with them.
And as simple as it sounds, location and timing.
If you are going to rent any dwelling, make sure you will have sufficient
demand. If you can find a property that is on the verge of being in
"the right place", that is even better.
As in anything in life, do the work and the homework.
Best wishes.

**RJacobsen** · 10-26-2007, 12:53 PM

Welcome!

Those student loans add up quickly and seem to take forever to repay.

Sounds like you've got a solid plan for your future and I think you are in the right place for learning about the RE industry.

**FlashCash** · 10-26-2007, 05:34 PM

That's exactly what i plan to do. Learn from the more experienced as yourselves. I am really interested in this area and am going to do tons of homework before i get my feet wet. I here that investing in new construction and renting out might be easier to maintain. I also here that keeping it as simple as possible such as investing in property near where you live is easier. What do you guys think? Thanks again for the warm welcome!

~Josh