All Forum Posts by: Sean McGrady

The best way is to start with a solid foundation. You need to start reading/watching anything and everything. You will not only grow your confidence, but you will find out what niche you are most interested in (buy and hold, flips, multi-family, wholesaling, etc.). I recommend listening to all BP podcasts and reading most books by BP. I have read many books that are not BP-related, they are not as great. BP does a great job of showing real-life examples and making tough topics simple and understandable. Once you find the niche you are most interested in, try and find the top 5% producers in that space and follow them on social media religiously. You will learn a lot. That's just my 2 cents! Best of Luck! 

Brandon what your doing for your family is amazing! It sounds like your agent has put you on a drip campaign with houses automatically being sent to you based on the criteria that were inputted. That may be the reason you have only seen 10 duplexes. I am not from the area so I do not know if that is completely right, but I would check in with the agent to make sure she has everything you would like to see in a property checked off. 

Quote from @Benjamin Aaker:

Hi Sean and thanks for asking the question. I read a bunch but only keep the good ones. Have a look at these guys:

Thank you! Will be sure to get them 

 Did not know that! Thank you

Hi guys, currently I am in the process of learning as much as I can about multi-family. I am reading  "best ever apartment syndication book" and am learning a lot. Also have been watching the "multi-family mentor" show by Terrance Doyle. Does anyone have any other books or youtube channels that you have learned a lot from? 

Hi everyone! I am in a unique situation and would like some advice. I currently go to UMD and rent a place close to the school. My landlord is currently on the verge of going into foreclosure giving me the bright idea to see if he will unload the property to me before it gets taken by the bank and sold @ auction. Right now I am paying 3,000 for rent a month (5 bedrooms).  After looking at comps I believe it is right around 400k, but was going to try and get a lower price due to him needing to get rid of it.  I know it is a desirable area for students due to the location and need for housing. I currently have no rentals so running numbers is very new to me. I have been using Youtube as my resource, but due to me not running numbers that many times I am not too confident knowing that I am correct. Is there anyone that is familiar with the area that would be open to chatting? Or just giving me advice in general? Would love any input! 

 I am in the process of trying to talk to him before it hits foreclosure. It seems that he is in denial that he may lose the home. Currently, he is claiming that he has a COVID forbearance plan. Though after meeting with an attorney we found out that he has a history of not paying his mortgage as well as taking previous tenants' security deposit leading to being sued many times. I have sent him a picture of a pre-approval to spark his interest a little more knowing that I am a serious buyer. This is all depending on how much he still owes the bank, I do not know that right now. Do you have any more Ideas to maybe sway his decision to sell? 

Hi everyone! I am in a unique situation and would like some advice. I currently go to UMD and rent a place close to the school. My landlord is currently on the verge of going into foreclosure giving me the bright idea to see if he will unload the property to me before it gets taken by the bank and sold @ auction. Right now I am paying 3,000 for rent a month (5 bedrooms).  After looking at comps I believe it is right around 400k, but was going to try and get a lower price due to him needing to get rid of it.  I know it is a desirable area for students due to the location and need for housing. I currently have no rentals so running numbers is very new to me. I have been using Youtube as my resource, but due to me not running numbers that many times I am not too confident knowing that I am correct. Is there anyone that is familiar with the area that would be open to chatting? Or just giving me advice in general? Would love any input! 

Hi everyone, thanks for taking the time to read this. I am currently a student @ UMD and am in the early stages of constantly educating myself while building some capital until I graduate. I am looking to connect with anyone around the D.C area (or College Park) to just learn as much as I can from, or just to talk shop. Like most successful people say " you are who you spend your most time with". That is my goal here. If anyone is interested please do not hesitate to reach out. 

Possibly try and find someone that is willing to go in with you on a deal. If you are well educated then you can leverage that. Find a property that you have confidence in and write a business plan that can be shared. With that you can go to potential partners with numbers that show they will be able to get x return. Alot of ways to get started without your own money, you just have to be proactive! A good book to learn more is " The Book on Investing in Real Estate with No (and low) Money Down" by Brandon Tuner. Good luck!