Out of state Real Estate Development

[Christopher Charles]

Hey Guys, I'm an investor from NYC, I have been investing in Philly and Baltimore for about 4 years; primarily rental properties/ and flips. I am now looking to get into new construction development in the PG, Montgomery, and Rockville county areas of Maryland. Anyone could suggest any tips, resources, or builders/contractors they had worked with? Thanks in advance 

[Jonathan Klemm]

Hey @Christopher Charles - I have two preliminary questions for you.  

1.  How did you find your general contractors in Philly and Baltimore?  Would that method work again?

2.  How come you want to switch up the strategy and move markets at the same time?

Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland?  Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.

[Mija Aguilera]

Hi @Christopher Charles I’m based in Maryland and familiar with the areas you’re looking to invest in. As both a realtor and a general contractor.
We’re currently working on a complete renovation in Silver Spring, so feel free to reach out if you need any assistance or guidance—I’d be happy to help!

[Jonathan Klemm]

Hey @Christopher Charles - I have two preliminary questions for you.  

1.  How did you find your general contractors in Philly and Baltimore?  Would that method work again?

2.  How come you want to switch up the strategy and move markets at the same time?

Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland?  Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.

[Christopher Charles]

Quote from @Jonathan Klemm:

Hey @Christopher Charles - I have two preliminary questions for you.  

1.  How did you find your general contractors in Philly and Baltimore?  Would that method work again?

2.  How come you want to switch up the strategy and move markets at the same time?

Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland?  Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.

 Hey Jonathan,

I found contractors through refferals and facebook groups, those contractors were great but they are not experienced in new construction; plus with me being out of state it would be ideal for me to hire a GC, instead of sub hiring ( i dont have time for that being far away),I am switching from rentals and fix and flips due to there's just more profit when doing new construction, and way more deals!

[Christopher Charles]

Quote from @Mija Aguilera:

Hi @Christopher Charles I’m based in Maryland and familiar with the areas you’re looking to invest in. As both a realtor and a general contractor.
We’re currently working on a complete renovation in Silver Spring, so feel free to reach out if you need any assistance or guidance—I’d be happy to help!

Hey Mija, I will send you a message. 

[Mija Aguilera]

Awesome @Christopher Charles, looking forward to connect with you! 

[Michael K Gallagher]

Quote from @Jonathan Klemm:

Hey @Christopher Charles - I have two preliminary questions for you.  

1.  How did you find your general contractors in Philly and Baltimore?  Would that method work again?

2.  How come you want to switch up the strategy and move markets at the same time?

Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland?  Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.

 @Jonathan Klemm always asking the real questions!  gotta echo the sentiment for spending some time on the ground even if a small amount on the front end.  and planning to attend meetups while there is another great idea.  

[Christopher Charles]

Quote from @Michael K Gallagher:

Quote from @Jonathan Klemm:

Hey @Christopher Charles - I have two preliminary questions for you.  

1.  How did you find your general contractors in Philly and Baltimore?  Would that method work again?

2.  How come you want to switch up the strategy and move markets at the same time?

Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland?  Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.

 @Jonathan Klemm always asking the real questions!  gotta echo the sentiment for spending some time on the ground even if a small amount on the front end.  and planning to attend meetups while there is another great idea.  

 Yep those are great as well!