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Updated over 6 years ago on . Most recent reply

User Stats

58
Posts
17
Votes
Nick H.
  • Baltimore, MD
17
Votes |
58
Posts

Newbie reaching out to experienced landlords

Nick H.
  • Baltimore, MD
Posted

I am currently in Baltimore I got a job offer down in Broward County. Making about 19K more base salary so my W2 income would spike nicely. I am about to finish my first BRRR deal (actually got the appraisal done today) . The house I just finished was all in 77k plus 4K in closing rent is $1500/month. The lender loaned me the 75k at 12% with no points and even loaned me the extra 2 when I went over the original 75k budget. The lender said I could start looking for my next house so I would have another around 80k at 12% no points and no monthly payments to work with for at least the next year or so maybe longer. My delima is I found a private money lender here in Baltimore that works for my situation I'm 25 don't have much work history or experience as an investor (one brrrr deal under my belt). I would like to continue Investing, but unsure if I take the job where I would like to live that it wouldn't actually some what cripple my investing career. Can I find money and deals in that price range down in the Broward County / Miami Dade area?

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