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Updated almost 11 years ago on . Most recent reply

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Eric Kenon
  • Investor
  • Capitol Heights, MD
4
Votes |
15
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Ready to learn

Eric Kenon
  • Investor
  • Capitol Heights, MD
Posted

Hello All,

My name is Eric, I'm a 35 year old HVAC Mechanic living in the DC Metro area. I'm very interested in taking advantage of my areas Real Estate Market. After doing a little research I think it would be a great time to 'buy and hold' properties.

I want to learn as much as possible before I take the dive into being a landlord, and this site is the perfect place to do so. I look forward to meeting others who are excited and passionate about Real Estate Investing. My plan is to buy-to-hold 3 SFs in 5yrs and then purchase a 4-6 unit MF, and then do it again! I'm still in the planning stages so any helpful tips and advice would be greatly appreciated.

"A journey of a thousand miles begins with a single step" - Lao-tzu

Happy Investing!!

Eric K.

Most Popular Reply

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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
2,248
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7,730
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Eric Kenon

Welcome. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need. There is a large club in your area.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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