Newbie Investor from Maryland

[Adeiza Jatto]

Hey everyone! My name is AJ. I'm a newbie investor with 0 experience in real estate. I have begun reading books, listening to the BP podcasts and studying the niche of Buy/Hold rental properties. My market is baltimore/Maryland area. As a newbie investor would you guys suggest I start with multi-family or single family homes first? I really like what I've been studying about Multi-units. But I've been told the Baltimore market isn't the best for multi-units right now. Should I search a bit further out? Would love to get various opinions on this!

[Chris Seveney]

Adeiza Jatto
My advice that I tell everyone on where to start is either :

if you ski (or wish to ski), would you start on a black diamond or an easier slope ?

Or if you were going to run a road race would you run a 5k or a marathon?

Real estate is a journey not a get rich quick scheme. Don't dig yourself into a hole right out of the gate as you may not ever recover. Start with what your comfortable with but make sure your understand "you don't know what you don't know" and reading a book can never give you the experience on construction - which is why it's not a college major - you can't teach it from books only from experience.