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Updated about 9 years ago on . Most recent reply

Account Closed
  • Manama, Capital Governorate
2
Votes |
6
Posts

Aspiring real estate investor in Baltimore

Account Closed
  • Manama, Capital Governorate
Posted

Hello everyone

My name is Matthew and I am an aspiring real estate investor looking to purchase my first investment property in the Baltimore metro area.  I have lived in the Baltimore area for a year and 1/2 and after finally "dropping some roots" in the Baltimore area, I am eager take the plunge into real estate investing in my adopted new home.

After saving up some investment capital, I am finally in a position to start prospecting and seeking lending opportunities.  From there, I am not 100% clear as to the next step to take in this journey however, while figuring that out, I am reading books and blog after blog written by successful investors to gain as much knowledge as I can.

At the advice of Gary Keller's "The Millionaire Real Estate Investor" and numerous other real estate blogs, I know I will eventually just have cast my fears aside and take the dive and close my first deal but, as a new member on BiggerPockets, I am here to learn as much as I can about investing and about my market along the way.

I look forward to engaging with and learning from the community here and developing my professional network along my journey into real estate investing.

Most Popular Reply

Account Closed#1 BiggerPockets Exclusive PRO Area Contributor
  • Professional Auctioneer
  • Baltimore, MD
1,468
Votes |
1,857
Posts
Account Closed#1 BiggerPockets Exclusive PRO Area Contributor
  • Professional Auctioneer
  • Baltimore, MD
Replied
  • Tread carefully in Baltimore and other investing areas. 
  • There are sharks circling. 
  • Look at 50 houses before you make an offer on one, 
  • keep a journal, keep prices of square foot per house that you look at it. 
  • Farm an area, look for for sale by owner's. 
  • Take your time learn the market.  
  • Attend public auctions get on mailing list,  
  • hang with people you want to be like,
  • have fun, do not take yourself too seriously.
  • Do not be anxious to put down deposits. 
  • Read and understand real estate contracts. 
  • Know the difference between a skinny contract, and an agent's agreement, option, and a delay settlement.
Good luck

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