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I'm a NEWBIE!!!

Natasha M.
Investor · MD · Member since 2015 · 208 posts · 32 votes

Hi Everyone! I'm located in Maryland equidistant from Baltimore & Washington D.C. Growing up, I was the property manager for my parents' apartment buildings in NYC & was forced to serve eviction notices to tenants. Yep!, I did the dirty work. Now I'm doing this full time, seeking out my own real estate to invest. I Plan on flipping homes to obtain apartment buildings so my husband can retire his job, I want to pay all my kids college student loans & buy my mother in law a house so she can live closer to us. I'd appreciate any and all advice. Thanks!

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Vanessa Brown
Residential Real Estate Broker · Washington, Washington D.C. · Member since 2014 · 44 posts · 37 votes
11y

There are a lot for things that all happen at once April-July (October in DC). Like wedding season is April-October there is also house season.

The projects people bought by end of year have been rehabbed and are going on the market.

Buyer are like wait..I got this tax refund, let me buy a house.

People who want to sell and buy but did't want to move in the cold are all out.

Open houses are packed.

New investors are out, it's warmish now they want a project.

Lending deals are popping up everywhere and much more marketing money goes into lending ads.

People start trying to wrap up estates that they didn't want to deal with when it was cold.

Snow-bird Realtors have returned from wherever they go in the winter.

It's going to get so much worse before it gets better :)

So yes more competition but also more deals. Everything real estate tends to expand when it's warm. Especially in areas that have a snow season. 

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  • Vanessa Brown
    Residential Real Estate Broker · Washington, Washington D.C. · Member since 2014 · 44 posts · 37 votes
    11y

    Be prepared, do your research and be able to make decisions and move quickly. Baltimore isn't as bad as DC but I've listed houses and got 4-6 offers the first day. I'll look at houses that have bee on the market 7-14 days and think...hmmmm must be something wrong with it. 

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  • Scott C.
    Investor · Street, MD · Member since 2013 · 42 posts · 17 votes
    11y

    Welcome to BP and real estate investing!

    Scott

    1Reply
  • Julie Hicks
    Investor · Cumming, GA · Member since 2015 · 181 posts · 38 votes
    11y

    @Natasha M., welcome to BP.  Happy learning...This is a great place to be

    1Reply
  • Natasha M.
    OP
    Investor · MD · Member since 2015 · 208 posts · 32 votes
    11y

    @Scott C.

     and @Julie Hicks

     thank you very much for the warm welcome!

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