Getting started when your new to investing

[Raphael Chevry]

Hello all

I'm very new to real estate investing. I'm looking for a property that I can Brrrr in the Maryland area. I don't know where to start looking. Montgomery county is pretty pricey, and I looked at other areas like (PG county and Baltimore) but I don't know where to start. I currently live with my parents I'm in debt and currently paying it off, and will have it payed off in about a year. My credit is pretty good and I've been saving enough for a down payment so that I can apply for a FHA loan (once I found my target market) does anyone have any pointers on where I should invest? How much do I generally need for a down payment? I already know a couple of investors as well that'll be willing to invest in my first deal but I don't want to rush it I'm trying to formulate a plan. Here's my situation if anyone has any pointers or suggestions please let me know. Again I am a newbie and this will be my first rental property deal.

• I’m currently paying off debt and will be done on 12 months

• I live with my parents

• I work two jobs

• I’m in the process of getting my real estate license

•How much do I generally need as a down payment to get a FHA loan to invest in Montgomery county

• I have a good credit score

• I currently live in silver spring Maryland

Please help with some advice or pointers thanks a lot.

[Ozzy Sirimsi]

If I were you, I would not invest in real estate licence right now. It is pretty expensive until you become an active investor. 

I think house hacking is your best option, you can buy a decent house where you can either airbnb or rent the other rooms and start your investing.

If you just want to invest, you need to tell more about your finances, you will  need %20-25 down payment if you just want to buy a rental or a flip.