Hey BP,
Long time since my last post! I find myself in a position where I have cash to invest but no connections to find off-market property. I've recently moved out to MD (Dec. 2018) and have somewhat settled down to the point where I believe MD is now home. Living in Central MD seems ideal since I drive to PA, WV, DE, VA, & DC for my profession (Property Insurance Adjuster).
Distressed properties with upside seem to be the most attractive since I have decent construction knowledge and I am currently in a lease agreement until Jan. 2021. I don't mind breaking the lease if I find something sooner and the property management is aware of this since I was unsure if I would be here long-term when I moved here.
The eventual goal here is to transition into larger commercial real estate (10+ units and much higher). I feel like it makes sense to start out with the 2-4 multifamily househack home to take advantage of the FHA financing and build landlord exp. in order to look more credible to lenders in the future.
Quick facts:
-32 years old, -live in Laurel, MD, -$50,000 ready to invest, -not afraid to swing a hammer, -willing to learn/teachable!, -open to mentors and willing to work for free or pay for knowledge, -no real estate owned, -719 credit score (via Creditwise).
Open to any and all criticism and connections. Please help!
