All Forum Posts by: Gabriel G.

@Account Closed have you looked into legalzoom? They are online but very well priced.

@Sahil Ran I would agree with @Antoine Martel I did/do house hacking and I can tell you it is awesome not having to worry about paying your rent/mortgage every month. Plus it is kinda like investing with training wheels. You learn to manage tenants, create systems and maybe even make some simple repairs, all while living for cheap/free. If you aren't looking for luxury then you can find some good multis in the city (in good areas) that will let you live for free or super cheap. 

@Nghi Le as @Ian Barnes mentioned you really have to have a solid and I mean SOLID team. I am currently trying to help a guy from California that has 14 units, half of them are free and clear and he is losing a ton of money on them. Baltimore is a excellent market, there is a ton of opportunity for sure but being remote with out any teams and systems in place is going to make it extremely up hill. 

Best of luck and keep us posted on how it works out!

@Renee Z. Congrats on getting your credit score up. 

However, I don't mean to sound like a negative nancy but there is something that really concerns me. You are buying another home with out enough down payment money (at least this is what I am understanding from your comment about having your father-in-law lend you the down payment). This is very scary because not having enough in savings is the one thing that wipes out most real estate investors. What happens if your condo tenant stops paying rent? Will you have enough to pay both mortgages, eviction procedures and potentially repairs after they trash the place? What about if you need to replace appliances, HVAC or have major repairs to do (on either properties). 

Sure, buying more properties is an awesome goal and you have the right mindset by looking for something with 2 units so you can have subsidize living and save more money. Right on. I would just hate to see you get in a tough situation and lose your butt off (trust me I've been very close to that a couple times). 

Aside from that, stay motivated. You've got this!

@Josh York I am including the organizer for RECN @Brentin Hess he's got the 411 on all the events and stuff going on for RECN.

Best of luck man and let me know if there's anything I can do to help. 

@Daniel B Trader technically you can't have a "official" BP meetup (tried and got told to change the name by BP folks) but we run a meetup in AA County that is mostly people from BP. We even have a few of the moderators and some of the podcast guest come by from time to time. Feel free to check it out! https://www.meetup.com/Unofficial-Biggerpockets-Re...

Also, let me know whenever you get yours up and running, I'd come and check it out.

@Josh York congratulations on taking the leap! Have you heard of a group called RECN? They are a group of young and motivated individuals like yourself that meet at local colleges and universities and discuss real estate investing. They also offer a TON of value even if you aren't in college anymore. I really really really recommend them and I am also positive that they have a meeting at College Park. If you're interested I can put you in touch with one of the organizers. 

Anyhow, best of luck and good for you for starting at so young!

@Martinis Jackson what is your definition of small? Less than 50K? I think some national HML might be a bit hesitant for a small loan, but there are quite a few local guys that are happy to do smaller loans.

My pleasure!

@Sebastian E. I know Brandon Hall moved to Baltimore just recently and has tons of resources for that as well. Let me know if you'd like me to put you guys in touch. 

Best of luck!