All Forum Posts by: Tracy Edwards

Thanks.  I see stuff in Howard county for mid 200’s also and it’s a sought after area due to schools. 
I just was thinking that it wouldn’t really cash flow that well…  I assumed I should look for properties under $150K and fix them up to be marketed higher. 

Thanks!  Originally I loved the idea  of house hacking but we like our house now and there really isn’t a huge market for that in Maryland (there’s a few and bunch in the city).  Flipping sounds easier to lessen the headache of tenants but renters seem to get the best $ in the long run and not have to remodel a lot of houses all the time. 

Also, do I need to set an LLC up in advance or can I start as myself initially? Did anyone consult with an attorney? I figured it's better to have all my ducks in a row before I dive in and have to back track.

I haven’t even gotten pre approved as I would have to do a loan to get started.  Has anyone done this without doing a lot of cash upfront?  That’s my biggest worry is I want the investment to make $ but of course I need the money to do it.

Hi! I live in Maryland and want to start and have read the book and lots of stuff online, and have a zillion questions.

where’s your top site to go to research - do you recommend the pro membership to crunch number - and to choose an area to focus?

I don’t want to run around the entire state to look at house and would like to narrow down to just a few zip codes…  I prefer to start in Maryland because I live here… I am seeing tons of stuff in Baltimore city for sale and that actually makes me worry a little.. can they not rent or do some people only want to flip houses?  I think I want to focus on suburban areas with families.  I can’t afford a rehab/flip in Howard  so I was thinking Carroll or Baltimore county. 

Any areas that might be a great place to start?