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Updated 3 months ago on . Most recent reply

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Brandon Fumagalli
  • Oakland, MD
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New S-Corp REI looking for networking / advice

Brandon Fumagalli
  • Oakland, MD
Posted

My wife and I recently have started our journey into Real Estate Investing. We have had a few walk through and done property analysis on several properties, but are not really cognizant of what we are getting into. We have taken a few real estate classes and read countless books to grow our financial knowledge. However, we have a lot of questions about pitfalls and unknowns especially with older properties, or if there is a better investment strategy since cash flow properties in our area aren't meeting the numbers we are looking for. We have started looking into wholesaling and subletting but still kind of overwhelmed about the amount of information we still don't know. We are in the Northern Maryland area and would like to have some 1 on 1's or partners to help us find deals or acquire more knowledge in the areas we are weak in.

We are thrilled to be in this community and are looking forward to getting to know you all better.

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Well right off the bat if you're interested in wholesaling, and you're in Maryland you should familiarize yourself with House Bill 301 which is likely to pass. That will require that wholesalers become licensed agents. That will dramatically change the nature of the wholesaling business with the legal compliance factor that agents need to comply with.

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