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All Forum Posts by: Benjamin Seibert

Benjamin Seibert has started 16 posts and replied 346 times.

Post: Dropping out to become an investor

Benjamin SeibertPosted
  • Investor
  • Frederick, MD
  • Posts 352
  • Votes 193

I agree with @Michael Boyer there is no rush to make a decision immediately. I am a senior at UMD graduating with a CEE degree. I first started getting interested in Real Estate a little over a year ago. For about 8 months, I had the idea that real estate was all I wanted to do. However, now I am seeing that I like the field I am going into and it isn't bad idea to work as an engineer for a few years. I will be as frugal as possible to save up money and start building a real estate investment portfolio, while earning a quality income. If in a few years I don't have enough time to devote to real estate and am financially independent, then I will make the decision to pursue real estate full time. For now, I plan on it being a part-time venture ~20ish hrs a week. 

I would recommend giving it another semester/year before pulling the trigger on dropping out. Although it may be a good idea, it is extremely difficult to go back to college after dropping out if the business venture doesn't pan out. 

Post: How to Analyze SFH without a Realtor or MLS Access

Benjamin SeibertPosted
  • Investor
  • Frederick, MD
  • Posts 352
  • Votes 193

@Steve Haight I will definitely start networking with realtors. I didn't know being this far out from purchase if many realtors would even take their time to forward me properties or help out. 

Post: How to Analyze SFH without a Realtor or MLS Access

Benjamin SeibertPosted
  • Investor
  • Frederick, MD
  • Posts 352
  • Votes 193

@Keith Goodwine okay, that helps a lot! I wasn't sure if there was a direct need for the MLS in pulling comps or if Zillow would suffice. Thank you very much.

Post: New Member Looking in the Northern Baltimore Area after College

Benjamin SeibertPosted
  • Investor
  • Frederick, MD
  • Posts 352
  • Votes 193

I am fairly new to the BiggerPockets site. I am a rising senior in college and am looking at investment properties to move into when I graduate. I have a job lined in Baltimore for after graduation so I am looking at the surrounding areas. Ideally, I would like to move into a 2-4 unit to "househack." But if I can't find one in my price range (as somewhat nice Baltimore areas are expensive) I would like to buy a house to rehab it while living in it. All tips or pointers you have would be very helpful for navigating the area and property type I am looking at. Thank you!!

Post: How to Analyze SFH without a Realtor or MLS Access

Benjamin SeibertPosted
  • Investor
  • Frederick, MD
  • Posts 352
  • Votes 193

Thanks @Andrew Michael ! Yea, I understand the analysis that needs to be done for multifamily in terms of NOI and cash flow. I mostly meant just SFH where you need to find comps. So far it has been somewhat difficult to find good comps on the properties I have been looking at. I will keep searching though.

Post: How to Analyze SFH without a Realtor or MLS Access

Benjamin SeibertPosted
  • Investor
  • Frederick, MD
  • Posts 352
  • Votes 193

This is my first post on the biggerpockets site. I am currently a senior in college and am starting to look at potential investment properties for when I graduate. For a little background info on why I am looking at these specific properties, my idea is to buy a small (2-4 unit) property to live in out of college. My alternative plan is to buy a SFH to rehab, refinance, and eventually rent out. I currently use Realtor.com, Redfin, and Zillow to find example properties to perform my multifamily calculations ( I just use a spreadsheet I created). Not many multifamily properties come up, so I was wondering if there was a somewhat simple way to look at SFH's and pull comps on them to analyze deals. I am about 8 months from purchasing a property so I figured it may be a little too soon to get a realtor. Thanks!