All Forum Posts by: Lakshay G.

Welcome, I also from Maryland (Howard County and nearby counties) and eager to start just like you. I have started reading real estate books, business books. At this point, knowledge is power and networking is a goal here as well for sure.

I'm also starting out in RE. I've started reading some RE books and been listening to podcasts for a few months. 

Thanks much @Jon Burns. and @James Moore. I will definitely research more about BRRR. To gain some liquid capital, I am thinking about wholesaling in the very begininng, hopefully that's a smart idea as this idea is share by a RE investor who's doing well.

Hello @Brandon L. Thanks for the great input. So I am in a unique situation currently because I don't own a home and live with my parents (common cultural thing for South East Asians) and now they are moving to Virginia but aren't selling this home. So I've signed a rental lease with my dad because the goal is to eventually for us to move to VA also. So no I choose not to live in distressed property until it's being fixed up. How's market in northern virignia anyways? I'll be moving closer to leesburg actually which I see that's where you're from.

Thank you @Brandt Smith for replying quickly. My credit score is excellent and income is not massive but I do so so (less than 40K). 

So finding property on my own is a wiser choice you'd say.

Hello Everyone,

I am just starting out in real estate business and I truly am pumped to get my feet wet. I don't want to invest a ton (Minumum $2000 Maximum $8000) of money. For the last couple of years, I have been doing so much research (never enough especially for beginners) and have a mind set for buying and holding. But considering how flipping pays off way more in shorter time versus rental, I am thinking about starting off as a flipper and then do buy and hold. 

After speaking with a lender, it seems like it's harder to get funding for flipping than buy and hold. If I am buying and holding, why don't I just find a good realtor who can find properties that need some improvement and rent them out? In the first deal, is it recommended to take a route through a realtor, or a wholesaler, or personal direct marketing?

I am in Baltimore (not Baltimore city) area but also interested in rest of Maryland and Northern Virginia.

I know I may get many answers like it's all about what I want and it depends on me, I know it does but what has worked for others for their first deal? What I WANT is to buy and hold. I definitely can't afford to buy already built regular properties for sale as that will be out of my reach. Also, do all creative lenders require 20%-25% down payment? Should I even consider hard money?

Thank you in advance to the responders and thank you bigger pockets!

Thanks Troy. This website looks reliable. I appreciate the comment.

Hello, 

How can I find population information about a city or possibly zip code search. I am specifically trying to find out people of what race live in a neighborhood where I am interested in. I have found out household income via irs.gov but need help with population search.

I was interested in residential properties only but I have found partnered who are ready to invest in commercial property only so it's more hands off than hands on. In residential, it'll be very hands on as the unit number will be less than 40.

thanks all for great discussions. What is mfg? Manufacturing?