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Updated over 8 years ago on . Most recent reply
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Ryan from Laurel, Maryland
Hi Everybody!
My name is Ryan and I'm really excite to join the community and to continue my journey into Rental Estate. I currently live in the Baltimore/Washington metro area, but have strong ties to real estate in Ocean City, Maryland area, as well as looking ahead to a potential move to the Fort Lauderdale, Florida area. My current profession is a software consultant with backgrounds in Physic and Music Business.
This past year I've kicked my ambition into overdrive and decided to start improving my quality of living. Part of this was to embrace my fascination/passion in real estate and to start looking at rental properties for multi-streams of income. During my search for information I stumble across the BP podcast and this site. I was impressed and the webinar helped sell me to the idea that this community would be a great place to grow my skills and meet new people.
My experience in real estate started in middle school. My mother was a full-time, successful realtor in the Ocean City, Maryland area. Although I don't know a whole lot about the technicals from that time, I grew up seeing the dedication, lifestyle, and opportunities that the right attitude, work-ethic, and drive can bring in the real estate world. Hence the passion. In more recent years I've acquired two homes 1) a rental condo in Takoma Park, Maryland 2) a town home in Laurel, Maryland (my current residence). I purchased both as temporary residence hoping to rent them after I move out. Looking at the prospectus of both I'll be lucky to break even. So probably not the best deals. But on positive I did something and have been building equity in both properties. So its a great start.
As I mentioned above, I'm looking to build multi-income streams and eventual become financially independent. I also want to use rental properties as an opportunity to give back to the communities in which they are located.
Right now I'm looking for opportunity. Opportunity to learn, network, and eventually invest. Action of any kind is the best way to build momentum.
As far as locations I'm open to investing anywhere, if things look good, but I'm focusing on Maryland and South Florida.
I look forward to meeting and sharing with everyone.
Ryan
Most Popular Reply
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@Phil Bottfeld Thanks, I definitely will reach out, about the area once I get myself setup. I feel like I'm drinking from the fire hose right now.
@Mark Wasko Thanks I will. Are you an out state investor or do you have some connections to the area?
@Russell Brazil Thanks. I wish I would know that information 6 years ago. Their rental laws have completely turned me off to any properties there. I'm interested in connecting with other landlords in that area to hear about how they are dealing with the city. As far as I know all properties are rent controlled regardless of the quantity. I need to research the cities process to request of a rent increase.
Thanks again everyone