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Updated almost 5 years ago,
Anne Arundel County Based REI Newbies
Newbies to Real Estate here :) Let me start with I have enjoyed the many posts here on BP!!
My bf and I have been doing the research, learning, saved some money, gotten our LLC, and are now ready to get jump in. We are based in Annapolis, MD and have tried the wholesale thing a few times! We had a few deals that fell through (mainly foreclosures) but we are grateful for having learned a lot in the process. Now that we've saved some money, we're ready for our money to start making some money!
1. Our first strategy was to find a great foreclosure auction deal, go to auction prepared with our max bid after running ARV and wholesaling it shortly thereafter (using our own money for the deposit). Aware of the risks it run which is why it'd have to be a good deal but anyone have a good experience with this?
2. Short term goal: Interested in doing a JV right away as we have a Buyer on standby! No particular area is off limit. We're very familiar with PG County and Anne Arundel County but again, no limits. Very interested in the Baltimore area.
Let’s connect if interested! :)
All insight is welcomed!