If you could go back in time... [Greater Baltimore Investors]

[Sam Lewis]

I'm hoping this post will be helpful for local investors on BP:

If you could go back in time, what do you wish you could tell yourself (or do differently) before investing in real estate?

[Michael Kissi]

"Why did you wait so long to start?"

[Sam Lewis]

@Michael Kissi I think about this all the time. My mindset was so different in college - had never even thought of RE investing or financial freedom

[Stephen Kehoe]

1. House hack ASAP

2. Utilize low down payment and low rates of owner occupied mortgages as much as possible.

3. Look for ways to add rooms  or square footage on cash purchases that are valuable enough to be refinanced after rehab.

4. Seek to serve others in the business to build your network.

[Ozzy Sirimsi]

Start networking earlier

Start searching of market properties myself

[Stephen Predmore]

@Sam Lewis

Start earlier, save more, stop buying stupid shiny things, buy assets not liabilities, live below your means.

I have a college-age son who I'm trying to steer in the right direction with house hacking and saving for a down payment.

[Patrick McGrath]

@Sam Lewis

Buy as many properties next Canton by the Target and Iron Roaster for $50-$75k each. Wait 10 years and sell them for $500-$700k each! Lol

[Tim Jacob]

Start earlier would be the biggest thing. Any mistakes I've made over the years have been a learning experience and have led to more progression in the business. If I started earlier I would be that much further along in my journey.

[Jenni Utz]

Don't second guess yourself, trust your instincts, and go for it.

[Soren Ager]

I agree with you, though point #2 becomes almost impossible if you have kids, or maybe I just don't get how to work the system.


Originally posted by @Stephen Kehoe:

1. House hack ASAP

2. Utilize low down payment and low rates of owner occupied mortgages as much as possible.

3. Look for ways to add rooms  or square footage on cash purchases that are valuable enough to be refinanced after rehab.

4. Seek to serve others in the business to build your network.

[Soren Ager]

I agree living responsibly, and I have always lived well below my means. I would though say, please also remember to live life. I am now 42 and I have already lost 3 close friends to accidents and sickness. That makes me remember to also enjoy life, as it could be gone tmr. 

Originally posted by @Stephen Predmore:

@Sam Lewis

Start earlier, save more, stop buying stupid shiny things, buy assets not liabilities, live below your means.

I have a college-age son who I'm trying to steer in the right direction with house hacking and saving for a down payment.