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Updated over 8 years ago on . Most recent reply

Account Closed
  • Potomac, MD
2
Votes |
2
Posts

Newbie from DMV (DC-MD-VA)

Account Closed
  • Potomac, MD
Posted

Hows everyone doing BP.

My Name is Simon, I'm 26 and I currently live in Montgomery County Maryland.


Real estate has been something I've always had an interest in but not in your typical capacity. 


Growing up in Montgomery county I've been fortunate enough to be surrounded by some beautiful homes/mansions, have friends who lives in interesting estates, properties, farms, and apartments.

I've always had a taste for "expensive" real estate but as I got older I've also been attracted to rehabs because I can put my own vision/taste into a place, and also have developed an interest in passive income.

My goal is to be able to go a day "without working" the idea of rehabbing homes, managing properties seem more like fun (to an extent) than work to me, and the best part is two friends and myself are thinking about combining our efforts.

We had no idea the three of us were all into real estate besides one of us who is a Real Estate Agent.


We probably dont have as big as capital as others, as were moderately young - so I thought I'd come here to find out where to start small.

I'd assume we would start with "flipping" as we dont have the capital to own a rental property - nor could I figure out a way to make rental properties work while having a loan.

Lastly I took the initiative to finish a book I bought a year ago called "How to find, fix, and sell houses for profit" by Rock Villani and Clay Davis, and I'm also planning on picking up the How to estimate any Rehab from this site (forgot the actual title excuse me)

Thanks everyone! 

Most Popular Reply

Account Closed
  • Potomac, MD
2
Votes |
2
Posts
Account Closed
  • Potomac, MD
Replied

Thanks for the reply @Account Closed! I actually do have a few questions about the end side. I will shoot you a PM soon! 

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