New to the Business
Hello,
I'm interested in investing, flipping ,and passive income. I'm taking training through Fortune Builders and hope to join the Mastery Team. I want to be knowledgeable and effective in what I do.
#2 New Member Introductions Contributor
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- Rockland, MA
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#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
Welcome. Fill in the foundation below.
Check out the Start Here page http://www.biggerpockets.com/starthere
Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.
Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 100 past ones to catch up on.
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Consider checking out HUD homes for small multi's owner occupied gets first crack.
Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over
Good Luck
Paul
The most important thing you can do for your personal growth right now is.... NETWORK!
Now is the time to be building your Rolodex, and starting to put together your "Team"...
- Lenders for your customers
- Support staff for you
- Title Companies
- Mortgage Lenders
- Private Money
- Appraisers & Inspectors
- Contractors
- Marketing
- Buyer's List
Invest time in yourself...
Welcome! I'm fairly new as well! You should start networking immediately. I believe I've learned more in this past month on bigger pockets then I have in the past year!
You should send college requests to your surrounding investors with a brief message about how you're new and and that any pointers or guidance would be greatly appreciated! They will be more then happy to assist.
Go to the REI meetings in your area and network like crazy!
Best of luck
Jo
Thank you John that was great advice. I will do just that, start building a team...Do you know of any me tors in the DC, Maryland or Virginia area, who I can gleam from?
Thank you Jo-Ann, I will search to see where the REI meetings are and begin to Network. Great Advice...
Welcome to BP!
Thank you Justin. Do you happen to know of any REI meetings coming up in our area???
Originally posted by @LaShawn Payton:
Thank you John that was great advice. I will do just that, start building a team...Do you know of any me tors in the DC, Maryland or Virginia area, who I can gleam from?
Not personally, but the best source for what you seek would be your local REIA... you can find them on the global directory at nationalreia dot org.
Welcome to BP @LaShawn Payton. Please do not join the Fortune Builders mastery plan. Anything you can learn from them for $20k, you can learn here for free. And what is even better here is that you can get information specific to our area, as opposed to a curriculum that is not location specific.
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Real Estate Agent Pennsylvania (#SBR005765 ), West Virginia (#WVA230040225), District of Columbia (#BR200201381), Maryland (#648402), Virginia (#0225219736), and Delaware (#RA-0031082)
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- http://www.DistrictInvest.com
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- Podcast Guest on Show #192
Welcome LaShawn! There is a Baltimore REIA meetup several times per month. $19 per meeting for non members, but I think they have a free meetup occasionally. There is also the BWI Investors REIA meetup at the BWI Marriott Linthicum. This one is much larger. I have not been to a BWI one yet but they have several every month. Just look up REIA on Meetup.com within miles of your location. I'm new too and exactly where you are in the journey. Good luck! Jo, John and Paul thank you for the awesome advice!
Russel thank you. I went to the free intro version of Fortune Builders. I also have had some exposure to US Tax Lien Association programs and they are very aggressive. I'm glad I passed on their 20-30k training programs. I'm learning a ton just from reading books, connecting on BP forums, and researching my local market.
@LaShawn Payton Welcome to BP! I'm also learning a lot from BP podcasts and forums. Whatever information you get, try to validate it with real life experience!
Thank you Sam...I appreciate the advice will do...
Russell, I've decided not to join FB. I feel that money can be used to do actual business, and I have people in my family who are already flipping houses and have passive income. I want to learn from others as I build my business. Thank you for that advice...
Welcome to BP! I live in Upper Marlboro, MD and can direct you to our local REIA's and recommend Meetup groups to join in PG county.
Thank you Siddiq. I would appreciate that..what about any in the DC area as well???
Originally posted by @LaShawn Payton:
Russell, I've decided not to join FB. I feel that money can be used to do actual business, and I have people in my family who are already flipping houses and have passive income. I want to learn from others as I build my business. Thank you for that advice...
That is a great choice LaShawn! I don't personally know Fortune Builders, but generally speaking anything a guru program claims they can teach, you can learn on Bigger Pockets with a little time invested posting, reading the forums, and listening to the podcasts...all for free!
Welcome! Glad you're here.There are lots of ways to learn more and getting involved in the local real estate investor community in Maryland is something I'd also put on the beginner list. Bigger Pockets is great. Listen to their podcasts in the car and you'll learn a TON.
Also, I'd be happy to point you in the right direction for things to think about and consider as you make a decision regarding your next steps.
Please check out my profile and reach out if you think I might be able to help you. I have lots of clients in the same boat- just getting started and trying to make the best possible choices as they move forward. It's great that you're reaching out for how to get started. That's a VERY smart first step. :)
Liz
Welcome to BP!
Welcome!
Welcome to BP @LaShawn Payton There are a lot of investors here on BP to network with from the greater DC Baltimore area.
There are LOTS of investor groups in the DC Baltimore area. A search of the National REIA site should bring up many groups and search Meetup.com for Real estate investing groups. The Upper Marlboro REIA run by Sherman Ragland may be the closest to you in MD
