All Forum Posts by: William Mayah

@Ryan Billingsley @Max Shaw thanks for the advice. I'm definitely going to that website and make sure to connect with an investment-minded broker. - Will

Hi All,

Just wanted to get some advice on a possible "open door" into REI. A family member, who is currently a real estate agent, wants to build a family business. I would be in charge of finding and maintaining rental properties and facilitating rehab projects. I'm currently Planner with a county agency and working on an MS in Real Estate and Infrastructure (which is more focused on commercial RE), but have been planning to get into REI as a part-time business for several months.

This family member wants me to work on getting a real estate license first to learn the ins and outs of the business and setting up deals, as he has. Is this a good entrance strategy? I do still have a FT job and am working on my master's degree. If our goal is for start working on deals and acquiring property as soon as we can, is this a good use of my efforts at the moment?

Also, are there any recommendations for ways to quickly obtain a real estate license? Not really looking for a quick fix or easy out, just something that maximizes my time. 

Thanks - Will

Thanks everyone for the welcome and the advice!

Thanks, Cory.

Just want to start off by saying that I'm amazed at the wealth of knowledge that has been provided through BP. A big thanks to all involved with building the site to help guys like me who want to get starting in RE investing, but need to be strong in the basics before jumping in. I've been reading through the beginner's guide and listening to podcasts on my daily commute.

A bit of my background: I'm a planner by trade. I currently work with the Prince George's County Planning Dept. reviewing subdivision plans and have also worked with Montgomery County reviewing record plats (if anyone has zoning/subdivision/permit-related questions feel free to ask). I'm currently working on an MS in Real Estate and Infrastructure at Johns Hopkins University, but would like to learn the business now and get started in investing. 

My why is financial freedom. I'm currently working on my business plan as recommended in the beginner's guide. I hope to work on one flip at a time as I continue in my full-time position, increasing incrementally until I really develop a system that works for me. I'd also like to acquire some rental properties in the area (perhaps focusing on college towns). Any suggestions on how to get started, which areas to look into, how/where to network would be greatly appreciated. I'm most familiar with Columbia, Ellicott City, Elkridge, College Park, Silver Spring, and Arbutus. I've lived up and down the Balt/DC corridor. 

Thanks again. I'd greatly appreciate any feedback/suggestions.

-Will