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All Forum Posts by: Kelly R.

Kelly R. has started 5 posts and replied 105 times.

Post: You just net $1 Million dollars game

Kelly R.Posted
  • Highland, MD
  • Posts 109
  • Votes 52

This is something I am trying to work out in my head.

If I had a million cash... 1 million is not enough to retire on at age 51, in Maryland, 3 kids in grade school.

Stocks... I feel like I am handing money over to a system and crossing my fingers.

As a builder I could buy lots but at the end of the day you own dirt, banks are not beating the door down to loan you money on dirt. Add in the impact fees for new construction (Montgomery County can push the $40,000 per lot), storm water management cost, commissions, closing costs, new home warranty and whats left? 

As an buy and flipper, still looking into that and researching a big hurtle in my mind, lead based paint and the EPA.  Again Maryland adds another layer into the mix.

As a lender, still looking into that. 

Post: New member here on BP

Kelly R.Posted
  • Highland, MD
  • Posts 109
  • Votes 52

Thank you all for the warm welcome.

I almost put in a contract on a home yesterday but decided to wait.  A couple of issues jumped out at me, one being lead based paint. I thought it would be best to slow down instead of jumping on something. 

Post: NOVA investors

Kelly R.Posted
  • Highland, MD
  • Posts 109
  • Votes 52
Originally posted by @Nancy Roth:

@Mayank Saxena:

My apologies. The meeting of Capitol Investors Meetup is a week from Thursday, not this Wednesday as I was mistakenly told. 

Here is the link sent out by one of the organizers with the update:

http://www.meetup.com/Capitol-Investors/events/219172134/

Try to drop in if you can. I've met some interesting investors there, beginning and seasoned. 

Nancy Roth

 Nancy,

Is this meetup open to anyone?

Post: New member here on BP

Kelly R.Posted
  • Highland, MD
  • Posts 109
  • Votes 52
Originally posted by @Jeremy Tillotson:

 welcome to BP!

 Thank you Jeremy,

Sorry for the lack of a signature, my profile wasn't complete.

Post: New member here on BP

Kelly R.Posted
  • Highland, MD
  • Posts 109
  • Votes 52

Hi everyone,

I wanted to start off on BP with a "hello" and a short introduction.  

After many years building new homes in Maryland I would like to move towards the investment side of the coin.  I have a lot to learn but fortunately have a solid background in remodeling, new home building and design/cad work.

A big thank you for the pod casts, they are a wealth of information!