Real Estate Newbie in Maryland

Real Estate Newbie in Maryland

Churchville, MD · Member since 2016 · 13 posts · 6 votes

Well, I have decided to take the plunge into learning real estate investments in order to gain financial freedom and generate monthly cash flow. I earn a decent living as a software engineer, but I still aspire to gain financial freedom and be in more control of my future and life. 

After researching many websites and you tube videos, I came across BiggerPockets website and am very pleased with all the information I have found on this site.

I purchased the book package that includes "The Book on Rental Property Investing" and "The Book on Managing Rental Properties" and am so excited to learn the details on this profession. I'm on 180 in "The Book on Rental Property Investing" and am starting to gain confidence that I can do this. 

From what I've learned so far, I think "House Hacking" with a standard FHA loan may be my best bet to get started. I feel that if I can live for free, that I can save my normal rent payments to look for further investments.

Does anyone know of any good real estate clubs in Maryland I could start attending to gain more knowledge? I've seen several on meetups, but still deciding which one is good to attend. Any that have more knowledge in "House Hacking"?

I look forward to learning and being part of this community.

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Professional Auctioneer · Baltimore, MD · Member since 2015 · 1k+ posts · 1k+ votes
10y

The MDREIA meets next Tuesday at 7pm. 6722 Harford Rd. 35 year old REIA, no membership charge.

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    10y

    @Juan Rodriguez and @Rahdia Green you cold have guessed at this one 

    http://mdreia.com/

    (Off topic. it came up first on Yahoo but didn't hit the first page on Google. I hate Yahoo and this is about the first time it gave me a better answer than Google)

    My favorite club is the BWI Meetup. Partly because it is on the south side of Baltimore. The MD REIA or the Baltimore REIA would be a little closer for you.

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    10y
    Originally posted by @Juan Rodriguez:

    @Anil Samuel I truly wish I was still in Tampa to start this venture since I know that area so well. Baltimore not so much. But here is to learning and hustling!

     There is a great community of investors here from the Baltimore area. Most of which are very willing to share. Anil is one of them. 

  • Investor · Baltimore, MD · Member since 2012 · 605 posts · 103 votes
    10y

    Thanks @Ned Carey I have realized after meeting many people for lunch and coffee that In order for us to be really successful it takes focus. Just pick one area of real estate you want to learn and master. Do that for a while. Learn the ins and outs. Then move on to the next item in REI. Don't try to do everything all at once. Tyoically you will try and do five things but not really do any of them really well. When I started out i wanted to learn and do everything. I now realize that was not a great approach. Everything comes in due time like the good Lord Wills.

  • Wholesaler · Houston, TX · Member since 2013 · 11 posts · 1 vote
    10y
    Where is churchville?
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