New member from Maryland

New member from Maryland

Real Estate Agent · tampa, Florida (FL) · Member since 2013 · 206 posts · 96 votes

Hello all, my name is Mike, 24 and I'm in the MD/Dc/northernVA area. I've always been somewhat interested in real estate but always thought it was one of those "only for the rich" things.

I've always been bad with money growing up, but been in a position where I'm lucky enough to not get in a bad financial spot. I should be so much further along in life than I am now, I've had a low 6 figure paying job in IT since I was 20' and up until last year, didn't utilize my checking account and was basically living pay check to pay check, with nothing to show for it now but being in debt with a couple cars and a bunch of useless things I do not need.

I decided for my 25th birthday in a couple months, i want to start building wealth, i want to be able to by my 26th birthday have one or 2 properties that i've either bought to hold, or flipped... havent decided which is better for me yet, I'm still doing research but I am giving myself an action date of my birthday in a couple months so I'm not struck with analysis paralysis and time to save some money.

I plan on attending the next meetings for all of the Maryland/DC area REIC meetings, and being active on forums, but will try not to be annoying and ask a bunch of questions instead of using the search function...I know how annoying that is haha

Hope to get to know and work with a lot of you

0Reply
34 views

10 Replies

Jump to latestLatest
  • Investor · DMV Maryland · Member since 2013 · 867 posts · 370 votes
    13y

    Welcome! I'm new and learning alot by reading through the postings here - set up your profile with some keywords so you get posts that are connected with what you want to learn. Good luck to you!

  • Vendor · Laurel, MD · Member since 2013 · 36 posts · 4 votes
    13y

    Hey Mike you've definitely come to the right place. There is a pretty decent sized DMV presence on the blog so you'll be able to learn a ton about investing in our area. Also there is a meetup happening mid May so that should worth checking out. Good luck!

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    13y
    Originally posted by Mike Hicks:

    I plan on attending the next meetings for all of the Maryland/DC area REIC meetings, and being active on forums,

    Welcome to Bigger Pockets Mike. Glad you decided to start building wealth. The earlier you start the better. Being active here and networking are keys to being successful. Good luck, - Ned

  • Will BarnardPro Member
    Moderator
    Developer · Santa Clarita, CA · Member since 2008 · 15k+ posts · 10k+ votes
    13y

    Welcome to BP Nation Mike. Great to see that you have decided to start at a young age, that is fantastic. Dig in to the forum threads and grasp the knowledge.

  • Real Estate Agent · tampa, Florida (FL) · Member since 2013 · 206 posts · 96 votes
    13y
    Originally posted by Christina R.:
    Welcome! I'm new and learning alot by reading through the postings here - set up your profile with some keywords so you get posts that are connected with what you want to learn. Good luck to you!

    that's a good idea, i didn't know you could do that, thanks!

  • Real Estate Agent · tampa, Florida (FL) · Member since 2013 · 206 posts · 96 votes
    13y
    Originally posted by Victor Etongwe:
    Hey Mike you've definitely come to the right place. There is a pretty decent sized DMV presence on the blog so you'll be able to learn a ton about investing in our area. Also there is a meetup happening mid May so that should worth checking out. Good luck!

    not sure if that's a good or bad thing as far as competition vs networking haha look forward to seeing you in May

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    Hey Mike Hicks welcome to BiggerPockets! I think your plans are totally doable! Let us know how we can help you get there.

    A few places to get you started:

    1.) Check out our "Start Here" page
    2.) Check out "The Ultimate Beginner's Guide to Real Estate Investing."

    And Also :

    How to Start Investing In Real Estate at a Young Age

    and

    How to Make a Million Dollars in Real Estate: A Step by Step Path

    Also, be sure to set up some Keyword Alerts for some of the topics you are knowledgeable about, or other topics that interest you (like wholesale, Maryland, Rehab, etc ) so you'll be notified that those words were mentioned in the forums and can jump into those conversations! It's also an awesome way to meet new people from your area when they introduce themselves to this forum!

    (p.s. Don't forget a photo!)

  • Silver Spring, MD · Member since 2013 · 42 posts · 5 votes
    13y

    Hey Mike,

    Welcome. I'm a newbie too.

  • Property Manager · Hyattsville, MD · Member since 2014 · 23 posts · 3 votes
    12y

    Welcome Mike ! I am also very new to Real Estate Investing. I am in process of creating my LLC entity . Good LUCK TO YOU!

  • Real Estate Investor · Waldorf, MD · Member since 2014 · 592 posts · 320 votes
    11y
    Mike Hicks so now that it's been over a year...how has your journey been? Any good prospects, leads, flips that you can talk about? I'm in the young Mike shoes from a year ago. Thanks Big Mike.
Join the conversationCreate a free account to reply, vote on answers and follow this thread.