Newbie Investor - Baltimore transplant from NYC

Newbie Investor - Baltimore transplant from NYC

Baltimore City, MD · Member since 2015 · 30 posts · 9 votes

My official introduction. Hi! Thanks to the BP community for being awesome! I've learned so much and I'm looking forward to learning more. 

Investment Background

I failed as an agent when I lived in New York. I recently bought my first rental in Baltimore City. My father is currently renovating it (completely by himself because el cheapo has yet to understand the value of time). 

Long Term Goals

Over the next 10 years, I want to buy and hold enough SFH to net $10k monthly and maybe flip 1 or 2 houses a year.

Short Term Goals

Wholesale my way out of 30k debt. Qualify for a NACA mortgage. Purchase my first personal residence. House hack and live rent free.

Other

Also, I'm looking to get my real estate license within the next 60 days. Does anyone know of any brokerages I can get my license with for under $1,000. I don't care about commission split right now just the upfront costs and the environment.

Btw, I've already taken the class and one test. I still have to take the Maryland State test. I commute between Laurel and Baltimore so anywhere in between is fine with me!

:-)

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  • Rental Property Investor · Waldorf, MD · Member since 2015 · 155 posts · 76 votes
    10y

    Hi @Khadijah Celestine Welcome to Bigger Pockets! There is a very active community of Baltimore investors on BP. I suggest setting up a keyword alert for Baltimore and you'll quickly see alot of who posts often. There are many Baltimore REI meetings. Alot of people go to the BWI Meetup, just Google it. I like your clear goals and objectives. Happy investing and cheers to our success!

    Kim

  • Baltimore City, MD · Member since 2015 · 30 posts · 9 votes
    10y

    @Kim Coleman    Thanks for the welcome Kim!!!! I tend to have "shiny object syndrome" and can never focus. I'm trying to reiterate my goals to myself so I can focus more.

  • Real Estate Agent · Baltimore, MD · Member since 2014 · 215 posts · 123 votes
    10y

    @Khadijah Celestine you only fail when you stop trying... With that said since you are trying again, I would recommend Keller Williams (not because I am there), they have amazing training and lots of great tools to help you grow a sustainable and predictable business. Also, they offer tuition reimbursement for certain licencing expenses (not sure which ones since I transferred from Century 21). If you want more info, I can put you in touch with our business development rep. 

  • Investor · Bowie, MD · Member since 2015 · 114 posts · 36 votes
    10y

    @khadijah I also suffer from shiny object syndrome. I may steal this technique. Welcome to bp! Check out Fairfax Realty and if you need a contact for wholesaling in Baltimore let me know I have a friend who's working the area I may be able to connect you with. 

  • Baltimore City, MD · Member since 2015 · 30 posts · 9 votes
    10y

    @Gabriel G. Thanks for the encouragement! Also KW seems to dominate the DMV area. You guys are everywhere!

    @Michael Tucker OMG the syndrome! Sure, I'd love to connect with your contact. Thanks.

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