Annapolis, MD Portfolio Lenders

[Christine Nieva]

Hi everyone, I am a newbie in REI and I plan on taking action in purchasing my first property in May 2016. I have been dedicating hours on REI self-education, now particularly in financing a deal. Because I will only have little down payment of <$10k by May 2016, (but I have a stable well-paying income and 740+ credit). I have been focused on HUD homes with the 3.5% down OR scouting for and working with Portfolio Lenders.

My question is: Can I utilize a Portfolio Lender to help me finance the first property in which I plan on LIVING in and eventually an investment property? I was thinking of a 2+BR/2+BA home in Annapolis, MD that was built in 1980+, so I can actually have a functioning living home, and at the same time do repairs to increase its value, and possibly sell that house within 1 year. What is all your opinion on this plan? Can someone share Annapolis Portfolio Lenders?