Newbie excited to be here!

[Zaheemat Samuel]

Greetings everyone 👋🏾,

My name is Zaheemat but folks call me Zee. Excited to be joining this community and looking forward to learning and building great relationships.

I live in Maryland and interested in starting my real estate journey this year with a multi-family unit in Maryland.

I'm not sure if it is realistic but setting my goals for this year at making it to 6 doors in 2025 (tell me if I'm crazy lol. am I reaching too high? 🥴). Would like to make some cash flow but understand holding the properties for 3 to 5 yrs is what will provide me the profit margins I'm looking for.So I'm all in for holding.

If you've been doing this for years and have capacity for a mentee, I would be honored if you would consider having me 😊.

I am currently attempting to build my team and have already identified a real estate agent to help with locating properties (he is also a real estate investor). I'm a bit at a loss how to get started with financing so any advise here will help. I plan to leverage conventional or commercial loans?.. do I just go talk to several banks and see who has the best financing products and then get a preapproval from that bank?

I also found a CPA recently but she's not a REI CPA as I've seen suggested often as I didn't even realize there was such a thing... would you recommend I find a new one the specializes in REI?

Also, someone suggested getting an LLC for each property I purchase but that seems like a lot... is that standard practice to do that and then just have all listed under a holding company?

Thanks for taking the time to read my note and provide any feedback!

Regards,

Zee

[Kyle Deutschmann]

Quote from @Zaheemat Samuel:

Greetings everyone 👋🏾,

My name is Zaheemat but folks call me Zee. Excited to be joining this community and looking forward to learning and building great relationships.

I live in Maryland and interested in starting my real estate journey this year with a multi-family unit in Maryland.

I'm not sure if it is realistic but setting my goals for this year at making it to 6 doors in 2025 (tell me if I'm crazy lol. am I reaching too high? 🥴). Would like to make some cash flow but understand holding the properties for 3 to 5 yrs is what will provide me the profit margins I'm looking for.So I'm all in for holding.

If you've been doing this for years and have capacity for a mentee, I would be honored if you would consider having me 😊.

I am currently attempting to build my team and have already identified a real estate agent to help with locating properties (he is also a real estate investor). I'm a bit at a loss how to get started with financing so any advise here will help. I plan to leverage conventional or commercial loans?.. do I just go talk to several banks and see who has the best financing products and then get a preapproval from that bank?

I also found a CPA recently but she's not a REI CPA as I've seen suggested often as I didn't even realize there was such a thing... would you recommend I find a new one the specializes in REI?

Also, someone suggested getting an LLC for each property I purchase but that seems like a lot... is that standard practice to do that and then just have all listed under a holding company?

Thanks for taking the time to read my note and provide any feedback!

Regards,

Zee

Welcome to BP! Starting with a small house hack using conventional financing was how I got started and then grew from there. I no longer personally do conventional lending, but I know several great local lenders I could recommend to help you with this strategy.

I see you're also in Maryland- where in MD are you looking?