All Forum Posts by: Mike Hicks

Through the research I've been doing and blog posts and podcast from BP (especially the one with Jay Scott) I've decided that getting my real estate license would be an excellent first step for me, as A) I can continue to save while I'm taking the course for capital and B) give me more understanding of the real estate game from a different angle.

Question I'm coming up with is this, is it worth taking a in class course or would the online version by long & foster be sufficient? I learn better online and plus with it being online I can work at my own pace, especially on those late nights when insomnia hits and I want to hit the books. Is there anything I may be missing by going this route (other than potential networking opportunities, I did think of that)

Thanks all

congrats to you, hopefully I can follow in your footsteps one of these days. Also congrats and good luck to your baby brother!

welcome, I'm also new and live in laurel and looking to make contacts in the area. From my searching there are a bunch of clubs and meets in the baltimore/DMV area, look forward to hopefully meeting you

it would be a single member LLC. I don't know the difference between section 121 and a 1031 exchange, so I'll look them up. How would it effect the buying of the property?

I'm still in the process of doing research, if this has been discussed or is a blog post somewhere please point me in the right direction.

I want to purchase property by august, either to live in or to invest with (depends on if i can get out of my lease where I currectly reside). With either decision of personal use or investment property, would it be beneficial to use the company I'm going to invest under as far as taxes, ease of buying/selling, and anything else I am unaware of?

not sure if that's a good or bad thing as far as competition vs networking haha look forward to seeing you in May

that's a good idea, i didn't know you could do that, thanks!

Hello all, my name is Mike, 24 and I'm in the MD/Dc/northernVA area. I've always been somewhat interested in real estate but always thought it was one of those "only for the rich" things.

I've always been bad with money growing up, but been in a position where I'm lucky enough to not get in a bad financial spot. I should be so much further along in life than I am now, I've had a low 6 figure paying job in IT since I was 20' and up until last year, didn't utilize my checking account and was basically living pay check to pay check, with nothing to show for it now but being in debt with a couple cars and a bunch of useless things I do not need.

I decided for my 25th birthday in a couple months, i want to start building wealth, i want to be able to by my 26th birthday have one or 2 properties that i've either bought to hold, or flipped... havent decided which is better for me yet, I'm still doing research but I am giving myself an action date of my birthday in a couple months so I'm not struck with analysis paralysis and time to save some money.

I plan on attending the next meetings for all of the Maryland/DC area REIC meetings, and being active on forums, but will try not to be annoying and ask a bunch of questions instead of using the search function...I know how annoying that is haha

Hope to get to know and work with a lot of you