All Forum Posts by: Allison Olson

 Thanks!! 😎

@richbaer Thanks!! 😎

Hey everyone!

Quick question -- if a property has Ground Rent, does this have any effect when trying to get a Hard Money Loan? Lots of properties in Baltimore City have Ground Rent and I was curious how this is handled from a loan perspective - or whether or not it matters at all.

Thanks!

Hey @Brett Snodgrass,

Thanks for the reply :-)

Reading the pros and cons, it seems wholesaling is a better fit - but we'd like to get our feet wet in both to see what we really think. 

We are currently signed up for a 2-day Rehabbing Bootcamp coming up in November. We learned about it from a group we got involved with through a local Meetup.com real estate investor club. We have been attending their monthly meet up sessions and have made some good contacts - but have not found the right deal....

I guess it's the "analysis paralysis" that I'm experiencing right now. My husband has the full time job and I'm doing all the research and trying to figure out how/when/where to make the first move.

We've gotten the LLC formed - business phone number set up, business cards, all the proper paper work filed, etc...I've had my real estate license for 2 years (but never acted as a traditional realtor - sold 1 home and did rentals and referrals for family/friends). Real Estate is more of a long term plan for retirement and passive income...

There are a million books out there (I know, I've read them!) and tons of information and I guess it's just overwhelming to digest it all and then go out and make sure I know what the heck I'm doing :-) 

Again, thank you for your suggestions :-)

Hey everyone! My name is Allison, 32 years old from Aldie, VA (Northern VA area). I'm a licensed realtor and my husband and I are looking into either getting into the flipping business or the wholesaling business.

I’ve read J. Scott’s book about flipping houses (excellent read!), but I’ve also read several other books about the wholesaling business. In both investment adventures, there are pros and cons, but not really knowing where to start, I was hoping to get some advice or find someone local in the area to meet up with and get more information.

My husband and I currently own 3 rental properties – a row home in Baltimore City, MD a single-family home in Baltimore County, MD and a condo in Ashburn, VA. We are not landlords and property management companies take care of these rentals.

I guess my biggest issue now is making the first move. Although having access to the MLS is great – so many other folks to do, so what few great deals are on there, other people have seen those as well – right?!

If someone in the NOVA/DC area is willing to do a joint venture deal on a flip or wholesaling deal, I would love to partner up OR even if I could tag along to see how a deal is started from point A – and then finished to point Z (FOR FREE) – this would be most useful! Just having an experienced individual to tag along with at this point would be beyond helpful!! :-)

Thanks everyone for your time!!