All Forum Posts by: Terry McAllister

Where have you guys found a bank willing to finance an investment property with so little down? All of the banks I called, require 20% down, which has really killed my investment hopes unless I find a cheap house(which are hard to come by in my area)

Hey @Jordan Sutherland , thank you for the response and information. I have been a career firefighter for 9 years now in Prince Georges County, Maryland. Our schedule is 24/72, offering a great deal of time off. I will be looking more towards flipping the occasional house if a deal arrises, but I am most interested in buying a property to rent, and then building from there. If I were to get my license, I don't think I would want to sell homes(this area is LOADED with agents) but I still think it is a step in the right direction, to get my feet wet and to help understand things a little better.

If you don't mind me asking, can you elaborate a little more on how much time and money I am looking at to get my license? I am sure it varies from state to state but I would like a ball park. Like you, my heart is set on real estate, I see many upsides, and I am to scared to swing a hammer. I am in the process of flipping one house and I am doing most of the work myself, and I love it. I have 10 years left before I can retire from the FD, and I would like to be decently invested in real estate by that time. Thanks again for the info! and be safe!

Hello everyone, 

I have been listening to the BP podcasts for a while now, and saving up to complete my first deal. However, I have been thinking, I am a firefighter in Maryland, and my schedule allows for a great deal of time off. I believe it might give me a better foundation to get my real estate license in my spare time, just to get my foot in the door faster, but I wanted to get some input first. I will be looking to flip or buy and hold, or both in the future.

I know they have touched on this in a recent podcast, but they didn't cover the topic long

Thanks