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Updated over 8 years ago on . Most recent reply

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Kenneth Anderson
  • Rental Property Investor
  • Reisterstown, MD
7
Votes |
6
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New from Maryland - possibly looking for mentor?

Kenneth Anderson
  • Rental Property Investor
  • Reisterstown, MD
Posted

Hello BP!

My wife and I live in a suburb of Baltimore, Maryland and are considering getting into real estate investing, most likely by starting with a flip. We are in our early 30s, with full time jobs, a 1 year old daughter, and have a decent amount of liquid cash we could invest. I have a finance background and I held my real estate license in Massachusetts in my early 20s (although all of that knowledge has pretty much been lost).

I am in the early stages of educating myself about real estate investing, and flipping. So far I've only listened to about 10 of the BP podcasts but plan on listening to as many of them as possible, reading the Ultimate Beginners Guide, and some of those books by J Scott, and anything else really.

However, I have a question and would love some advice on something I'm considering. I thought it would be a good idea if we could find a mentor of sorts in our area who has proven themselves as a successful flipper.I would like to invest in them, lend them some cash to help their next flip, get some sort of return on my investment, but more importantly learn as much as I can from them about the entire flipping process (tag along, meet with contractors, the buying process, the selling process, etc.). Is this something people do? If so, how would I go about finding this person?Obviously they would need to prove to me they’re a successful flipper before I provide funds for their next flip.

Thanks for the help and let me know if I am missing any necessary information!

Most Popular Reply

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

@Kenneth Anderson

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 rehabbers (cash buyers). You can Google to locate them and go to meetup.com Here you will find someone to work with. Don't wait for the meeting look up the club website call club officials and vendors to begin networking.

Paul

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