All Forum Posts by: Aj Bowman

Hi Everyone, If a wholesaler brings me a deal, does that mean that my realtor would be cut out of there commission for the sale? Might be a dumb question but I want to be sure of it. Thanks

Originally posted by @Russell Brazil:

If you have an exclusive agreement with your current agent, then the NAR Code of Ethics prevents another agent from doing business with you. However if you do not have an exclusive agreement, then another agent may represent you. However many good agents will not work with someone who has another agent.....so I perfectly understand why another agent would not want to work with you since you have another agent. What if an agent who covers Northern Virginia or PG County areas works for months trying to get you a property....then you end up using your other agent to buy in MoCo...now that other agent has just wasted months of time and gotten nothing out of it.

I get what you are saying here and I thought of that as well but he did not want to widen the search so I'm not sure how to get access in those areas without finding a new realtor  

Hi Everyone,

I live in Montogomery County Maryland therefore I know this area best and would like to invest in this area. I mostly would like to fix and flip then get into buy and holds in the future. However, I'm am finding out that deals are pretty hard to come by in this area. Therefore I wanted to widen my search for houses in other counties in Maryland and even into Northern Virginia because I fairly familiar with that area as well.

My first question is how is the real estate investing in the Northern Virgina area. I haven't done much research in that area mostly because I haven't been looking in that area. Being that that the drive isn't that far I would really like to touch in that area.

My second question is my realtor is only familiar with Montgomery and Frederick Counties therefor he did not want to expand my search because could not give me advice in areas like Baltimore and PG county and it was not worth it to him to travel that far. But I wanted to keep him because he has helped me out a lot so I just wanted a different realtor to help me in those areas but when I approached a realtor to help he said that I could not be represented two different people. Also I found a house I wanted comps on in Northern Virgina and sent them to my realtor and he said that he did not have access to the MLS in Virgina. So I don't really know what to do about this situation.

My final question is if I have an LLC in Maryland can I use it in Virgina or will I have to get an LLC in Virgina for my flips?

Thanks for the help everyone

-AJ

Hi Everyone,

I live in Montogomery County Maryland therefore I know this area best and would like to invest in this area. I mostly would like to fix and flip then get into buy and holds in the future. However, I'm am finding out that deals are pretty hard to come by in this area. Therefore I wanted to widen my search for houses in other counties in Maryland and even into Northern Virginia because I fairly familiar with that area as well.

My first question is how is the real estate investing in the Northern Virgina area. I haven't done much research in that area mostly because I haven't been looking in that area. Being that that the drive isn't that far I would really like to touch in that area.

My second question is my realtor is only familiar with Montgomery and Frederick Counties therefor he did not want to expand my search because could not give me advice in areas like Baltimore and PG county and it was not worth it to him to travel that far. But I wanted to keep him because he has helped me out a lot so I just wanted a different realtor to help me in those areas but when I approached a realtor to help he said that I could not be represented two different people. Also I found a house I wanted comps on in Northern Virgina and sent them to my realtor and he said that he did not have access to the MLS in Virgina. So I don't really know what to do about this situation.

My final question is if I have an LLC in Maryland can I use it in Virgina or will I have to get an LLC in Virgina for my flips?

Thanks for the help everyone 

-AJ

What are your primary investing strategies? (Fix and Flip, Buy and Hold, Wholesaling)

- For right now Fix and Flip but want to get into Buy and Hold in the future.

What type(s) of properties do you invest in? (SFR, MFR, Commercial, Land)

-SFR

What is your target price point? ($50K and under, $50K to $100K, $100K-$150K, $150K-$200K, $200K-$300K?, $300K-$500K, above $500K)

- Anything under 200k

What part(s) of Maryland are you interested in? (be specific)

- Frederick, Montgomery, Carroll, Baltimore, Prince Georges, and Charles Counties 

How many houses do you want to buy in the next 1-2 months?

- 1

Do you have immediate access to funds if we brought you the perfect deal? If yes, how much?

- Yes 

Ideal net profit for your fix and flip? and/or Ideal CAP rate for your buy and hold?

- 25K

Other information I should know about you and/or your business:

Email: 

Cell Phone:

Contact me when you... (Choose one)
"own/control a property that fits most/all of my criteria listed above"

Do other people that view this post need to contact you first before adding you to their buyers list? (Choose one)
"Yes, please contact me first"

Hi Everyone,

I have asked a couple of people about this and have got mixed opinions about it so I figured I would throw it out there to you guys.

I am a new investor and am looking to flip houses for now then eventually turn to buy and holds in the future. The question I have for everyone is should I get an LLC at this point? I am a young guy and really don't have any assets. Some people say I should get one to protect my personal assets, some say I should not get one for tax reasons. I know down the road when I get into buy and holds I should defiantly have one. But should I get one now. I want to hear what everything thinks. Thanks Everyone.

-AJ

He is looking on the MLS and I think I am going work on finding a wholesaler. Thanks everyone

Yes I have a realtor and I am look in Montgomery Frederick Carroll and PG county areas.

Hi Everyone, I am looking for my first house to flip here in Maryland but I seem to be having trouble. I have increased my price range, widen my area to search from and nothing seems to be sticking. While I have looked at a couple houses, none of them worked with the numbers wise. I know to be patient and things do not happen over night but I obviously want my first flip be a success. I'd like to stay away from auctions being that this is my first house so I am looking for other ways help me find a good deal. I'd like to get started ASAP but I am not going to rush because that is how I will lose money. Therefore I don't think short sale will work either. Do you guys have any suggestions? Thank you ahead of time. -AJ

Try to find ways to increase my profit when flipping