All Forum Posts by: Nicole B.

Welcome to BP and the world of Wholesaling! I was at a networking event recently filled with buyers and maybe 1 wholesaler. The investors in the room complained that most wholesalers didn't know what they were doing. It might be good to talk to some investors and really learn what they're looking for. There are plenty of buyers out there for the right kind of sales!

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Ya missed Portland in that list ;) @Jacob Wathen

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Originally posted by @Michael Giuffre:

@Nicole B. Besides trying to find a realtor/agent to provide rental comps, is there a good method you use to research realistic rental rates for areas? Obviously all the rental listings on Rentometer.com, Zillow, Hotpads, etc. are all "asking" rates. I would love to know if there is anything better we, as investors, can use. Thanks in advance!

I use MRIS for rental comps, but I understand not everyone has access. When I listed my apartment for rent, I just used Craigslist, figuring I would want to be competitive with what was listed at the time and I didn't have access to MRIS then. I tend to stay on the low rental side because I prefer quality over quantity. My tenant is a professor at Loyola with 850 credit score and she moved in the same week I listed.

It's a shame Zillow doesn't also provide "rented" listings, like they do with "sold" listings.

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Baltimore, Maryland

If you can handle the restaurant business, I imagine you'll do well in RE. ;) Welcome to BP and congrats on getting started!

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Welcome to BP and congrats on getting started! I got started investing because I was inspired by the BP podcasts, as well. I read a bunch of books, started going to networking events (which I continue to do), and eventually bought my first multifamily. Coolest thing is that you can never stop learning and there are so many routes you can go with it!

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Originally posted by @Jeremy Payne:

@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!

Yes it was for me, too. It may take some time to find the right place. Definitely get the financing in place first, so you're ready to go as soon as something hits the market (on or off). I did have to add a bit on to my commute, but it was worth it.

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Welcome to BP and congrats on getting started! I actually did just what you're talking about this past year. I live in one apartment and rent out the other. It was the best decision ever and I love my neighborhood. :)

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Congrats on getting started! I love your enthusiasm!! REI is a rollercoaster of a ride, so remember to enjoy the ride. There will be highs and some major lows, but it's your organizational skills, willingness to learn/grow/network, and hard work that keep you in the game. I may be posting the most optimistic response, but I think there is greatness in every one. The ones who let lows keep them down are the ones who will never find success in this business. So, you're on the right track with the mentor and networking events. I'm in the Baltimore area and hope to meet you at some of the events up this way. :)

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Originally posted by @Vee Vu:

Hi @Nicole B. . For my budget, which areas you think I can buy?

There are many areas of the city and county you could buy at that price. It just depends on what type of property you're looking for. For example, Buy and Holds might be more appropriate near colleges, hospitals, and parts of the city with a lot of activity (you can look up online for "hot spots" or "best places to go out" in baltimore). Places that might attract a younger crowd and renters.

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I can only speak for Baltimore, as that's where I work and live. Average sales in the Baltimore metro area since 2009 are...

2009 $277,038

2010 $274,199

2011 $262,375

2012 $275,880

2013 $285,402

2014 $281,801

2015 $277,789

2016 $289,284

2017 $299,690

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All Forum Posts by: Nicole B.

Nicole B. has started 17 posts and replied 136 times.

Post: Budding real estate invester.

Post: Your Go To Investor Friendly Realtor Each Major City

Post: Rental Properties in Baltimore in the $1k to $1.5k range

Post: Newbie looking to invest in Philadelphia, Baltimore & Pittsburgh

Post: New member from Annapolis, MD

Post: Hi, I'm Jeremy Payne

Post: Hi, I'm Jeremy Payne

Post: Help Me Build My Team

Post: WHY should I invest in Philadelphia (PA), Baltimore (MD)?

Post: WHY should I invest in Philadelphia (PA), Baltimore (MD)?