Hi everyone, my name's Bisi from Glen Burnie, Maryland. I'm new to biggerpockets as well as the real estate business. Although I've only been in the business for a few months, I feel like a fish in water lol. I love the experience so far. I got my training from fortune builders, after which I started my own company. I initially worked voluntarily with a senior friend (who has now moved out of state) already in the business just so I could learn the ropes cos I believe in practical learning. This helped a great deal & I was able to work on 2 wholesale deals.

Now that I'm totally on my own I just thought it would be smart to join a network of like minded professionals who have been in the business for a while & have them share their wisdom & experiences, cos I believe 'the quality of life you live depends on what you know'. I intend to ask a lot of questions on this forum, not because I'm afraid (trust me I'm not) but because I want to minimize my mistakes as much as possible and maximize my results! 

My main goal is to create multiple channels of active and passive income from real estate but for starters I'm looking at focusing on wholesaling alone, I'm not sure I should combine flipping with it cos they say you make a lot more money from fixing & flipping but as a new comer, is it ok to do both or should I just take it one at a time?  

Thanks everyone!

@Olabisi Adebayo Welcome to BP! There are no one path for your investment goals. If you feel like you can handle it. There is nothing wrong with going into flips but be very wary of the numbers, location etc. Please do your due diligence! 

@Olabisi Adebayo Welcome to BP, Wholesaling and flipping are not real investing,  that is an active income (you can make good money doing so, i do wholesaling also) but i you are planning to have a passive income  you can buy 1 of every 4 wholesale deals, in couple of year you will be surprised how much door you have 

Thanks for the welcome @Bryan Pham I think i'll be able to cope and like you said I'll ensure to do my due diligence. what did you mean about being weary of the numbers? is it in terms of the number of flips i do per time?

@Carlos Zapata Thanks so much for the advice, I do intend to build passive income in future, matter of fact I think that's the most important aspect of investing. I know the more deals I do the more confident I'll get 

Originally posted by @Bryan Pham :

@Olabisi Adebayo Welcome to BP! There are no one path for your investment goals. If you feel like you can handle it. There is nothing wrong with going into flips but be very wary of the numbers, location etc. Please do your due diligence! 

@Bryan Pham Thanks for the welcome. I think i'll be able to cope and like you said I'll ensure to do my due diligence. what did you mean about being weary of the numbers? is it in terms of the number of flips i do per time?

@Olabisi Adebayo The most crucial thing in a flip is making sure that your PP, rehab price, and unexpected cost are all factored into your calculations. 

@Olabisi Adebayo welcome. Have you started networking at any of dozens of real estate meetups in the DC-Balt metro area?

Welcome to BP! Im in glen burnie and looking for wholesale deals in the Glen Burnie & Dundalk areas.

Thanks @James Green , Yes I have. I attended an event in DC last Saturday. do you know of any upcoming ones

Thanks @Patrick McGrath Its nice to finally meet someone in my area. 

Welcome aboard!  There are two wholesaler groups near you that you may be interested in.   Investor's Workshop and  Express Homebuyers Wholesaling Real Estate Meetup .  They both have good people and great content.

@Olabisi Adebayo ,there are dozens in the area. Just go to meetup.com & type in real estate investing Maryland. There is literally 4-5 a week in the DMV area. There is one this Sat. It is great, called the Real Deal Meetup in the Baltimore area. No sales pitch, just straight up learning.

Thanks @Brian Pendergraft I'll check them out immediately.

@James Green I really appreciate the heads up.  Interacted with a few investors this week and it was a nice experience

@Olabisi Adebayo  Hey, Olabisi! Welcome to Bigger Pockets! BP has all the information on real estate served up on a silver platter. It is that easy to gain more knowledge and be more skilled when it comes to the real estate industry. At BP, you not only learn how to get deals done correctly, but also have an opportunity to network with other real estate investors and learn from the informative forums posted on BP everyday! Congratulations and I wish you lots of success.

Thanks alot @Gilian Gegawin . I've truly learned alot since I joined