All Forum Posts by: Eric Jan

Hi @Alvaro Zumaran

Welcome to BP. I'm a newbie to this as well and hopefully we can meet up at the Baltimore REIA.

Hi Bigger Pockets!

I have my RE license for Maryland 4 years ago but never had time to look for properties when opening my office. 

Does anyone have any recommendations for an investor friendly sponsoring broker in the Frederick/Montgomery/Howard County area?

My goal is to simply represent myself in my own purchases, but I may represent others as well. 

Thank you in advance to anyone who may be able to provide a recommendation!

Thanks @Lakshay G. 

I like the idea of small steady streams of cashflow from multiple properties that removes you from the financial hamster wheel. The fact that a tenant will be paying off the mortgages and the possible appreciation over time offers a much better option than a 529 Savings plan as a way to put my kids through college. As a small business owner yourself, how are you pursing your goals of buying and holding while managing your day job?

@Brian Pendergraft Thanks for the advice. Listening to Dave Ramsey on RE, he has an individual LLC for every 1.5 million dollars worth of properties just in case. Probably mixing up RE with my business LLC is not a great idea.

Thanks @Malcolm Lawson. Good to see all these Marylanders on the site. I'm in the same boat as you, I wanted to learn more about investing in RE with the goal of buying and holding townhomes or multifamily complexes every 12-18 months. I've dealt primarily with Montgomery County but the rental laws are heavily favored toward the tenant from what I've witnessed. How has having your RE license helped you find good properties? What type of goals are you setting?

Thanks @Brian Pendergraft. Looking forward to dialoguing with you. Do you recommend using my current LLC (not real estate associated) when it comes to purchasing rental property?

Hi  everyone, I just got started on the BP podcast about 2 weeks ago and got hooked on learning more about rental properties. My full time job as an eye doctor takes up most of my day but I obtained my real estate license in Maryland to help out family members with their home purchases. 

I'm an avid Dave Ramsey follower but learning that his strategy in building wealth is too slow. His philosophy of a house being a liability vs an asset didn't sit well with me.

My hope is that I can build relationships with other BPers where we can bounce ideas off each other as we make strides to whatever our goal may be.