Looking to purchase 1st property in MD.

[Tysheron Grant]

Hey Bigger Pockets Im looking to purchase my first property in MD/DC. My goal is to obtain my realtors license to leverage my 10 years in residential propetty management. I know with some negotiatons, id be able to secure some deals and cash for a deposit on a 4 unit property. Im not sure where to start, or how to go about the next steps so please any help would be appreciated. Thank you!

[Ned Carey]

@Tysheron Grant I have never used FHA financing. I buy my properties in an LLC which rules out FHA and a lot of other options. If you don't have a clue where the money is coming from, you should be scared, and you shouldn't be making offers.

Your first step should be figuring out where the money can come from. Obviously check banks, especially smaller local community banks. In your area Revere Bank in Laurel or Eastern Savings Bank is an example of the type of smaller bank I am referring to. 

Since you have NO capital, you are going to need multiple sources for your first deal. Start networking and looking for private lenders or partners to come up with the down payment.