Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

2
Posts
0
Votes
Tunji Ogunmefun
  • New Orleans, LA
0
Votes |
2
Posts

New investor in need of smart advice

Tunji Ogunmefun
  • New Orleans, LA
Posted

hello bp community,

I am a long time browser and first time poster. The day after reading rich dad poor dad I began researching the world of real estate investing. Naturally I stumbled across this community and have been reading all the advice y'all have provided. I have now taken the plunge in securing my first property under contract and I would like to know what y'all think about financing, specifically, hard money or private lending in maryland/Baltimore area for a house flip. property details are as follows:

Purchase price: 60,000

House: 5 bedroom, 2 bath house

County Assessor information: land value: 68,000 building value: 110,000

Comps from realtor.com: $189,000

Please, someone give me advice as to which financing option is best and the likelihood of getting the financing.

Are there any investors on this site who are active in the baltimore area who are willing to provide financing? And/or partner or mentor me on my first deal?

Any advice is welcomed.

Thank you

P.s. rehab cost: 40,000

Loading replies...