All Forum Posts by: Dakisha S.

@Ozzy Sirimsi. Thanks!

Hi. Can anyone recommend a good tenant placement or property management company in Baltimore? Thanks!

Hello. Does anyone know of any great property management companies in Huntington, West Virginia? Thanks!

Hi Stanley,

There are a lot of different variables to consider when purchasing rental property.  With regards to your question of how much funding do you need - it depends on a number of  factors such as the condition of the property you purchase, whether you finance the property via a traditional mortgage or hard money lender, or if you pay cash for the property.

If you obtain a traditional mortgage on a property that requires little to no work, and the bank categorizes the loan as a mortgage on an investment property, you will need approximately 30 - 35% of the purchase price in cash to fund the deal.

Hope this helps!

Greetings Everyone,

My name is Dakisha, and I am new to the BiggerPockets community. I am an investor in Maryland. I currently have rental properties in Baltimore. I just wanted to take a minute of your time to introduce myself, and praise the BiggerPockets community/contributers for being such a great source of knowledge.

Sincerely, Dakisha