Newbie in Hagerstown MD

Newbie in Hagerstown MD

Leesburg, VA · Member since 2015 · 14 posts · 3 votes

My name is Paulo and I am a newbie real estate investor looking to invest in properties primarily in Hagerstown MD but I am open to other areas in the country should I find the right deal. I currently live in the Northern Virginia area so Hagerstown is only a 45 minute drive.

I have been reading posts about real estate investing, listening to podcasts and books, taking classes and have been doing my own research for the last year and I feel that I am ready to jump in the game! I am looking to learn from and network with other BP members, wholesalers and other seasoned investors. I used to be in the construction industry and rehabbed and sold my first home about 15 years ago. I am still a licensed contractor in MD, VA and DC.

My goal is to purchase distressed properties below market for cash, fix, rent, refi and hold. I have been looking at smaller multifamily properties. I have recently attended the local REIA association (HubCity) and was very excited to hear from very seasoned investors, they have a very knowledgeable group.

Thank you for reading this post. Any leads towards these goals will be greatly appreciated.

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Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
10y

@Paulo Trindade

Welcome. 

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

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul 

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  • Leesburg, VA · Member since 2015 · 14 posts · 3 votes
    10y

    @Christina R. Yes thank you! I actually attended their meeting last week and was great! Look forward to networking with you at local meetings. I have a Hagerstown Realtor looking for deals for me but he does not work too far from that area so if you come across anything in your area please let me know. I am open to MD in general.  

    Good luck to you!

  • Investor · Fairfax, VA · Member since 2015 · 239 posts · 90 votes
    10y

    Hi @Paulo Trindade

    Welcome! Glad you're here. There are lots of ways to learn more and get involved in the local real estate investor community in NOVA. Bigger Pockets is great. I'd also recommend joining a local group or two... I'm a member of Capital REI, which is run by @Roger Lin, @Justin Pierce, and @John Rubino. This is a great group that meets in Fairfax City each month. Nice group with lots of good people in it. I can provide more details if you're curious. You can

    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 advice. That's a VERY smart first step. :)

    Liz

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