All Forum Posts by: Anne Christensen

Hello,

I have several ways to fund a down payment on my first investment property and would like to know the "safest" way to do so...

Cash, borrow against my 401K (and does this method constitue the start of my investments) or HELOC. My cash is in a high yeild savings account only making about 4.5%. I'm assuming this may be the best option. Any advice is greatly appreciated.

Can anyone recommend a REI friendly lender for a potential fix and flip in Montgomery County Maryland? We are considering both flix and flip and long term rentals and want to talk through the various scenarios with a lender.

I am currently house hacking and renting my basement through my LLC. My personal net worth is north of $1M. Do I need additional projections and insurance to protect my assests or will I be covered by my LLC. If so, what type of insurance do I need? I just finished listening to episode 838 and am now panicked because I don't have any of these other protections set up.

Yep, thanks.  I'm familiar with your homes!  Many thanks for the feedback. 

I totally forgot about the non occupant owner tax.  Thanks for the reminder!

Hi,

I know this area is undergoing development but wondering if anyone is investing outside of Park Circle in the "under $300K" range and getting anything to cash flow.  It looks like there are some properties priced in this range, but they will not cash flow. According to the heat maps, areas to the southwest of Park Circle look like they will be appreciating. Do I take a chance on a property that may not cash flow for a few years?

Also, some of the area is located in Flood Zones and I'm trying to decipher FEMA's flood zone maps but having trouble deciphering the various zones.

Thanks for the advice Eli!  Much appreciated. 

I've been reading several posts about where to look for deals and understand the MLS is probably not a great source. I believe I heard something called pocket listings on one of the podcase episodes last week. What are these and how do I find them? Thanks!

Thanks so much for your reply!  This makes a lot of sense.