All Forum Posts by: Ayaan Aha

I am just wondering whether the property prices will stay the same or will drop in Baltimore... Let me know what you guys think?

So am thinking to invest in a rent generating property, My investment would be in range of 80-130K a condo or townhouse. I am investing in MD because its not too far from me and I may move there someday. I realized that properties in Gaithersburg area have a very high HOA fees that is one of the reason I am considering Columbia Laurel and Owing mills. I would start investing in properties around Baltimore but not yet since I want to build a concrete base and then jump into the rehab properties.

Please let me know if you think its wise to invest in these areas Laurel, Columbia, and Owing mills and if there are any areas that i need to be careful with. Also please recommend any great realtors in those areas and mortgage lenders.

Thank you for all your support in advance.

So I have a good credit score and decent job making around 50K... But I don't have tax papers to prove my income coz I started a job 7-8 months ago I can show my pay stubs though... Which lenders are considered to be easy going given my situation? A bank, credit union or Mortgage broker? I also do not want to compromise a best deal.

Finally found the forum i was looking for... 

I am new in U.S and just got a job in my field last year July... Been working on my credit from day one and my credit score on credit karma says 756 - 759 (Transunion/equifax). since i only worked for half year so I don't have much on my tax documents. 

I'm looking for an investment property for myself (buy n rent out will not sell it for coming few years). I did some research and it was advised to put the property under LLC to protect from liabilities. I opened up LLC with single member (i know its not good practice). I call up one of the online mortgage companies just to find out the process and they started taking my info and i told them since my LLC is brand new with no credit history i wanna buy home under my name n later transfer it under LLC the guy freaked out and said u need to get business loan i said am open to the idea of not going with llc he just didn't wanna work with me.

So my question is:
Given am new in U.S would I be able to get a loan with only last year Tax statement and my pay-stubs. Do you know of any banks or lenders that will work with me i don't want the hard money lenders. 

I can put down payment up to 20% or if needed a bit more depending on the price of home i want to buy in range of 70K-150K in MD. 

I am looking for home that is at least in better condition or fairly new. Condo/HOA fee shouldn't be too high.

I am considering Montgomery village, Owing mills and Columbia in Maryland for Condo or either Townhouse. If there's any Realtor working in these areas feel free to message me.

I don't mind if its Short Sales or foreclosure as far as its worth investment and the realtor is there to work with me through the process.Please advise any realtors or mortgage companies you recommend.