New investor in need of smart advice

[Tunji Ogunmefun]

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

[Christina R.]

If you have it under contract, put the address out there so you can get some quality assessment from people here.  Is it in the city or county?  Did you have a contractor give you a bid on the rehab?   Are you in touch with a  MD real estate agent who can give you accurate comps?