All Forum Posts by: Scott Stewart

Thank you for the response. It makes sense.  School making you aware of some things, but the real world being much different. 

I'm going to take it that this post is in the wrong thread.  I will search others and see if something was posted or I find a better fit for a response.  

Good evening BP community.

I was recently informed that I should get my broker license along with my real estate license to help with my investing.  Outside of the obvious learning the laws parts, is there any other reason to get a license?  I don't personally know of any way to write mortgage loans without vast personal wealth or working for a bank.  Is there something I am missing, or is it just as he said, "To learn the ins and outs of a loan, and why it may be taking so long to get one at some point." 

If you have any advice or personal experience with these things, please DM me or reply so I can get a better understanding of what I am going to be getting myself into.

First, no reason to use your parents gift to pay for anything just yet.  If you are staying home and starting a better paying job in a few weeks, budget, pay off your CC debt.  If you want to keep using the CC, pay your cell phone bill with it.  Nothing else.  Pay it off monthly. 

After that, just keep saving your money.  Minimize what you spend on unnecessary items. Be frugal. Maximize your savings by putting your money in a high yield savings account (since it will be a short period). Once your parents sell their house, do the house hacking as stated by Russell Brazil.  

In essence you will have no CC debt, a better credit score by a few points, and have more money for a bigger down payment or more for repairs. Find a partner to invest with if possible.   

@Adrian Mills welcome to the BP community! I am from Maryland as well.  Which areas are you operating in?  I'm around the Severn area myself.  

Welcome to the community.  Maybe I will run into you some time in the near future. Good luck with everything!

Thank you for your support and for the advice of one at a time Anthony.  I'm trying not to run into analysis paralysis.

Good evening everyone! My name is Scott Stewart and I am a newbie investor based out of Anne Arundel County, Maryland. I am on active duty currently with plans to move into full time residential and commercial investing very soon. I have a little bit of my background in my profile. I have four and one half years in new and remodels of residential construction. I have a pretty decent idea of what a house looks like from the inside out. I am looking to get into flipping homes, buy and hold of SFH and MFH. I am also interested in notes. I believe that flipping and multi-family homes is my true interest though.