New Baltimore Area Investor - Introduction & Financing Question

[Brady Udovich]

 Hi All!

This is my first post on here; so would like to do a brief introduction of myself. My name is Brady Udovich, I'm a 24 year old from Maryland living in the Baltimore–Columbia–Towson metro region. I currently work as an internal auditor for a F500 and am aspiring to build up a portfolio of properties in the area, over the next few years. I am currently living back home to build up a nest egg for my first investment, which I plan to make in the next 3-4 months. Looking at my core four three (property management not needed yet), I have a solid network of contractors and real estate agents, but am lacking on the lending side.

My plan for my first investment is to purchase a property as my primary residence that is in livable condition, but has opportunity for value creation. I would call this a live-in flip, but I do intend to live here for the foreseeable future (not sure how to categorize this). After reading David Greene's book on the BRRRR method, I am not positive what I am looking to do fits the method perfectly. I imagine that there would be two stages of financing, but I am unsure of what this would/could look like in my scenario.

If anyone has any insight or advice, it would be greatly appreciated.

Regards,

Brady

PS: If you are in my area and would like to connect, shoot me a note. I am always looking to connect with like-minded individuals!