New member in MD

[Tamara V.]

Hello!

My name is Tamara and I am new to real estate investment. In the past I have been a realtor as well as a landlord for the last 10 years. Now I'm looking to buy, fix and resell properties in the DC metro area. My focus is single family homes and single family homes that can be converted into condos.

Currently I am trying to figure out how to buy properties at wholesale as well as how to get my first project financed. So far I've been told my projects are too small and another lender has a ton of hoops for me to jump through. If I have to jump those hoops, I will because I'm trying to use hard money only as a last resort (rates are high 10-15%). Any advice out there for a newbie on how to buy properties at the lowest price and how to secure financing would be greatly appreciated.

Finally, I'm really excited to be part of such a vibrant community of real estate minded people. I find it energizing and that helps to keep me energized as well! I'm looking forward to being a part of the BP community.

Tamara