All Forum Posts by: Christina R.

Awesome!! Inspiring as well - would like to know more about your funding sources.  I'll probably PM you as well with some specific questions.  Keep the info flowing, it's very helpful to the P community

Welcome to BP, you will find a lot of fellow  DMV agents and investors here. 

Rehab is rehab whether you plan to rent it or sell it.  Ditto @Ned Carey's sentiments above.  Your costs may be more or less depending on your market - J gets into all of that.  The breakdown of what is involved from a money/time perspective cannot be beat in these books. 

Some great local meet ups are in our general area so you can start networking and learning more about REI. PM me if you want more info. Welcome to BP!

you can PM me if you'd like to discuss your goals and how I may be able to help. I'm interested to learn what the relationship is with your agent and the REO offers; as you know REOs are complex animals that are more at the mercy of the whims of the bank than anything else.

The off market properties are mostly coming from wholesalers.  Are you able to analyze and perform due diligence on all aspects of the rehab process?  If not then a Realtor would be in your best interest.    I find that most listed properties are not within the parameters investors need to get the returns they want (i.e., priced too high)... those that pop on immediately are snatched up.  A Realtor may be able to help with that

Does Montgomery County, MD fall into this area?

Jeff...dont know if you know this or not so I will share that if you plan to rent section 8 you cannot have a boardup on one or both sides of your property

I refi'd  the two properties into 30 year fixed Fannie Maes at 5%.  There were in my own name because that's what it had to be to get the best terms on conventional financing so my thought is to "use up" all the conventional financing I can get. What I lack knowledge on is how these 2 income streams now factor into my debt-to-income ratio so hopefully I can continue along this path until all that conventonial financing is used up. 

Brian - check out the Hub City REIA up there in Hagerstown. Also there are some groups that meet in Frederick but I cannot remember anyone's name here on BP at the moment. Love Frederick, lived there for 8 years and almost went to Hood for college eons ago.