All Forum Posts by: Edward A.

Who do you go to for setting up a PLLC - I don't see it on Legal Zoom - I assume I should find a CPA or a lawyer?  What do any folks in the Montgomery County MD area recommend - would like to find a good office to help me.

I don't have my first investment property yet - bid on two and realized I needed to learn more first to get successful offers and make my first deal.  Been at this for 6 months.

Congrats - nice going!

Tons of great advice already listed here.  I am in your same area and my experience is the more I started trying to do a flip and learning about the market; the more I wanted to be a realtor.  I used to have a license years ago and used that knowledge to buy our first home.  I want to regain some of that knowledge and I think education is key in any business.  I think someone here said it well that it does depend on your business model.  But, learning from others the process and business of real estate needs to start with education.  I for one want folks to think of me as well educated before I advertise myself as being a realtor or an investor locally.  BP is an awesome resource and I will not forget the knowledge I have gained from this site alone.  Best of Luck and glad to see another local investor.

Welcome to the site - I am going down a similar path and hope to get my real estate license in February.   am finding MD as a tricky market and tough to find a good deal.  But, I think persistence and better control with a realty license will help.  

Welcome to the site and best of luck. I

Welcome, be great to learn how your doing over time.  This is a great forum and you will enjoy it.

Great advice - thanks everyone

@Elizabeth Colegrove MLS listings emailed to me and then thorough follow-up when I decide to bid on a property. I have been reading several books - one by J. Scott about flipping. I am not sure I want to flip or buy/hold. I believe in my area the numbers support more the latter, but I still need to buy at a price so there is at least a small positive cash flow. I want to setup a system where I can run numbers on potential properties in my neighborhoods I want to concentrate on. I have tried to bid on two properties and both times I had to follow-up to try to get info and I am not blaming anyone but myself, but I need more info if I want to succeed and control of the bids and following up with the banks, etc. I lost one of the houses because I waited too long to follow up with the listing agent - who told me 20 hours before the end of an auction that I had to bid online and the paperwork he had prepared was not accepted by the mortgage company - very frustrating - I couldn't make the timing to bid and saw the property sell for about $5K lower than my top price I was willing to pay. I blame myself (and am learning what not to do) but wouldn't it help to have an agent actually follow-up for you on bids while you spend your precious time looking for properties by the numbers or other ways to find the properties to invest in? Not sure, but seems to me that if I find a realtor in my area willing to more than just setup MLS (although I need that) it would be a win/win. As far as number of houses, I am just starting out so thinking 1-2 properties per year so I am not a big time investor - just a beginner - maybe that is the problem?

 Keep the suggestions coming - this is very helpful.

Searching for a realtor to join my network to help find properties in MD (Central Region). Having a tough time finding a realtor interested in working with an investor - even considering getting my realtor license as well so I have access to data on MLS without them. Thoughts? Suggestions?