All Forum Posts by: Shawn Donnell

@Russell Brazil,

Thanks for the reply. I saw you replied to someone from Florida about the same thing and then I read the law so it was worded really weird.

Hello All,

I was looking at starting a property management company in Maryland and am a little confused by the wording in their laws. I’ve read in some places that as of 1 Oct 2019, a real estate brokers license is not required to operate a property management company but the way the law reads makes it sound you do need a license.

Anyone out there have the inside info on this? Appreciate it.

@Mitch Messer...sweet, thank u!

@Dave Foster,

Wow...that’s quite a few different scenarios. Great info and I appreciate all the great feedback.

Thanks very much!

@Mitch Messer,

Appreciate the response because that’s where my confusion is. You say that and it does make sense but then I’m finding things on google where I can do it but then my home has to be a rental at that point and can no longer be my personal residence.

I’m looking at getting two investment properties to buy and hold for a few years then sell with the intent of utilizing the 1031 exchange program. What I’m trying to figure out is if I can refinance my personal residence with the 1031 funds when the investment properties are sold? That way it reduces what I will owe at that point and then I can move and rent my current residence reasonably within what a tenant can pay versus the inflated market we currently have.