Newbie and looking for advice on who to team up w 1st?

Newbie and looking for advice on who to team up w 1st?

Accountant · Laurel, MD · Member since 2018 · 6 posts · 2 votes

Been trying to learn a lot over the past month via BP and a local meetup.  Would like to start looking at some properties in Howard, PG and Anne Arundel county MD but not sure who to take w me - real estate agent, general contractor, perhaps even a home inspector?  

Would a general contractor or home inspector charge you to view properties?

What kind of ROI do you think I can make in those markets?

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  • BiggerPockets Support · Manila, Philippines · Member since 2015 · 1k+ posts · 149 votes
    8y

    @Patrice Kirk

    Welcome to the BiggerPockets community!
    Glad to have you with us.

    BiggerPockets
  • Rental Property Investor · Silver Spring, MD · Member since 2017 · 38 posts · 16 votes
    8y

    Welcome @Patrice Kirk !

    You could work with an investor-friendly agent to help get you into MLS-listed properties. I think your ROI depends on what your goals are. Are you trying to flip? Buy-and-hold?

    Those counties have different price points depending on where you're looking. Don't forget to take into account all of your expenses if you're doing buy-and-hold (especially in Columbia, MD with the Columbia Association fees on top of any other special tax assessments that may be there). 

  • Accountant · Laurel, MD · Member since 2018 · 6 posts · 2 votes
    8y

    Thx @Jacob K. for the info, and the reminder about CA fees. I used to live in Columbia so I recall them now. I would be most interested in flips right now.  Would rather buy in a desirable neighborhood that I know I can sell, rather then taking a bit more risk w higher possible payoff at this point. Just until I get more knowledge base. 

  • Retirement Accounts Attorney · Southfield, MI · Member since 2017 · 3k+ posts · 1k+ votes
    8y

    @Patrice Kirk

    Welcome to Bigger Pockets.

  • Accountant · Laurel, MD · Member since 2018 · 6 posts · 2 votes
    8y

    Thx @George Blower, I'll have a look at the link

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