All Forum Posts by: Lian Shi

@Greg H.  Dual agency is not allowed in Maryland while it is in DC and Virginia. The protected Fair Housing classes are not only different in each of the three states, but also change from county to county.

(I use state when referring to DC, because in the essence of regulations and laws that is how it is functionally)

It is actually illegal in my state to try to get a new client at an open house. Open houses here are to only be used to try and sell the property. Get caught trying to solicit new business by a real estate commission tester and you get a $10,000 fine 

Hello Investors,

I am fairly new to the real estate whole sale business.  I have done my first sale, but i'm not sure how to advertise my services.  Is Craigslist the best way? Are signs too unprofessional? or Mailers? I am asking the experts here, where are most of your deals coming from?

  You are absolutely right. Building a solid foundation is the way to start. My ultimate goal is flip & Fix, and then have my own investment consulting company for  foreigner investors.  I know it is a huge and ambitious goal. I have a full time 9-5 job which pays my bills. I am learning new stuff every night and weekend. I need to save some money while I am learning during the course so that I can start my first flix & fix as soon as possible. I like flix & fix even though I know there are a lot naughty stuff and a lot unexpecations, still I like to turn a less beautiful looking house into a place called sweet home to buyers and in the meanwhile I accumulate money for bigger project. My goal is not let fear of having no money and desire of having better stuff be on my way of truly enjoying what I am doing and what I can do to help people around me. 

It is a long way ahead of me, I am too rushy and want to get there so quickly, however, I know learning from scratch is what i should do right now.
  

Originally posted by @Ned Carey:

Welcome to BP @Lian Shi My favorite group in the area is the BWI meetup already mentioned. But the Baltimore REIA meets in Towson, so perhaps a little closer.

When you have little cash to start, wholesaling is one of the few ways you can get started in real estate investing. But as you said it is hard. Sometimes a better way to start is learn as much as you can about the business and your market while you save the money you need to start.

Building wealth is long term project. Sometimes starting slower but building a solid foundations is the way to start.

   Do you have any links or places where I can find the meetings or network in Baltimore / Columbia area?

   wholesaling sounds very easy from gurus but it has been said to hard, I really need to find what's the better niche for me considering I don't have much cash to start with.



Originally posted by @James Green:

@Lian Shi I truly believe hard is relative. I don't believe in competition. Although It is not as easy as it packaged by some of the gurus. There are many ways to invest - become a buy & hold investor (landlord), fix & flip, buying notes, become a private money lender, ......etc, there are a multitude of niches you may find that fit your interest.

Check out some of the meetings in the area to network and learn.

    I have started exploring the forums and looking for related topics. Seems like Wholesale is quite hot topic as it is most common strategy to start REI. I read the article from the forum  saying that Wholesale becomes harder and harder, a lot of competition with retail buyers. What would be another strategage to start with?
Originally posted by @James Green:

@Lian Shi welcome to BP. Make sure you search around on here to read all the topics on the subject of REI that you're interested in. There are plenty of REI meetings in the MD area.