All Forum Posts by: Jeremy Payne

@Ned Carey Thanks for the advice and recommendations. I look forward to attending the meetings and potentially catching up with you at a couple of them. 

@Ned Carey Are the different meetings similar, just focused on local markets? Is there one that you've found to be especially helpful that you recommend I start out with?

@Account Closed I've already become overwhelmed by all the free educational tools, forums, podcasts and advice on BP. I just have to remember to eat that elephant one bite at a time and not lose focus!

@Keith Pentz Do you know if the USDA loan requirements are state specific, or if their consistent across the board? I'm looking in the Baltimore, Maryland area, and heard that you couldn't use a USDA loan for multi-family properties, but was hoping to use it for a duplex since multi-family is sometimes synonymous with 4+ units. Based on your response above, it appears that USDA loans can't be used for any income producing properties, which would necessitate me using a FHA loan.

@Ned Carey thanks for the info. I'll be sure to look it up. I also heard that they do a meet up in Baltimore once a month, but I'm not sure who sponsors it. That's a big part of my action plan; start attending meetings and getting to know the local investors and brokers. 

@Jordan Moorhead I'm hoping the house hack will get me started on larger multi-family properties in the future. I'm looking for a property I can also put some sweat equity in, that way I'll gain more renovation experience, along with learning how to be a good landlord. 

@Cody Evans I've been listening to BP podcasts for the last 2 months and it's completely changed my investing mindset and opened up so many possibilities. And I'm hoping to take action soon, I know the longer I take to make a deal, the less likely it is to ever happen!

@Nicole B. That's awesome that it worked out and I'm glad you like the neighborhood. Since I plan on living in it with my wife and small child, I'm trying to balance finding a great deal, being somewhat close to work, and living in a good neighborhood. It's proving more difficult than initially expected! 

Very true. I'm looking in the Baltimore area...meaning Catonsville, Sykesville, Columbia, Laurel, etc. and not so much downtown Baltimore. Hoping to house hack until I build up enough capital to move on to the next multi-family.  

Hello BP Community! My name is Jeremy Payne and I'm new to BP and real estate investing! I'm a water resources engineer from Columbia, MD and am looking to buy my first property within the next year. I'm looking to start with a small multi-family property  within the Baltimore, Maryland area to live in and renovate, before moving on to larger multi-family properties. I'd love to meet up with any other investors within the Baltimore area and I'm excited to begin my real estate journey!