All Forum Posts by: Richard Palmer

Thanks Andrea and Eddie for the comments.

How long can the eviction process take if they wouldn't take the cash deal? And does this sound like a deal a newbie should get involved in?

Richard

Hello everyone,

I am looking at a property on auction for 25,000. Other similar properties in the area value at over 100,000. The one catch is the bank says that buyer has to deal with the current tenant.

If I bought the place and the current tenant is not paying the rent. How hard is it to move the tenant out and replace with your own?

Richard

Thanks Paul for the info.

Hello to all,

My name is Richard Palmer and I have been living in the Arnold/Annapolis area for almost two years now with my 4 children(ages 13, 8, 6, and 5) and my wife.

I ended up moving back to this area after losing my position with an electrical company that I had worked for almost 5 years(company ran out of work) in the Salisbury area.

I now work for the power company and don't want to be ever in the position of losing my job again, so I am looking at real estate as my financial vehicle to get passive income. I really am most interested in buy and hold, but would not pass up a good flip either if it worked out that way. I want to start with SFH and then move to MFU later down the road.

I had in the past worked for the Depot for about 14 years from the sales floor to Store Manager and all positions in between, so I have lots of knowledge of building products. Plus, I am a big DIY guy, but I am going to try and stay away from that as much as possible, since I work a full time job and have 4 kids to mind to.

I have been reading my tail off to get started (favorite book Rich Dad Poor Dad) and now need to get going in the right direction. I had come across this website the other day and I have not been able to stop reading blogs, watching videos, etc.

Any tips on getting me going would be much appreciated.

Thanks for a great website BP!!!!!!!!!!!!!!!!