Hi everyone, just looking for someone who knows the flip game in the MD,DC,VA area. I’m about to get my feet wet and seeking advice on getting started. Not trying to step on any toes, I’m sure it’s plenty room for everyone to take care of their fams. It appears to be a buyers market right now. So do you think maybe buying a property or two to fix up now, rent it and sale it when the market picks up is a good idea? I’m preparing to rent my house now but not sure how to determine the cost of rent in my area. Help!!!
flippers… is that a new term for investors?
I would probably avoid using it after the media caught up on all the rip-off schemes with flipping the properties in DC and Baltimore.
Try calling the realtor to check on the rent in your neighborhood. Or management company (can be found online or in the yellow pages).
You can also hook-up offline with your local investors. Try searching for local REIA clubs.
THANKS FOR THE ADVICE SNIPER. I"M NOT IN BALTIMORE BUT MORE SOUTHERN MARYLAND. I DID CHECK OUT THE LOCAL REICLUB IN MY AREA ONLINE. IT IS A GREAT START. ANY ADVICE IS GREATLY APPRECIATED. I AM TRYING TO IMPROVE MY QUALITY OF LIVING AND HOPEFULLY MY HVAC CO. CAN EVENTUALLY GO INTO AUTO PILOT WHILE I VENTURE OFF INTO REI.