All Forum Posts by: Debbie Fales

Welcome to BP, Mike, and best of luck on your real estate investing journey. It sounds like you are in an information gathering phase which is the smart way to start. Have you considered joining a local real estate investors association like Baltimore REIA or MAREIA? They have lots of free resources and networking events that might help you get connected to potential partners and mentors. 

Please stop by our sponsor booth at this weekend's Think Realty Baltimore Expo for networking, giveaways and more! We would love to meet you to discuss all of our loan programs and what sets us apart from other private real estate lenders. 

I don't know exactly what kind of financing you are looking for but you might want to consider a private real estate lender rather than a traditional bank. By making business loans on residential property based on the value of the asset—not income—this type of financing can be a lot more flexible.  

Thought you might find this list helpful as a starting point, @Sheetal Patel. It's from our corporate blog. Source: MashVisor and PwC 

Best of luck to you! 

Join our partner, Rick Rall, as he discusses all of our loan programs with special focus on our short and long-term rental offerings. For buy and hold clients, NavCap offers:

—No personal income requirements

—Emphasis on projected rental revenue using the DSCR

—5/1, 7/1, or 10/1 ARMs where loans are interest only for the initial fixed period and then fully amortized over the life of the loan

—30 year fixed rate loans for long-term financing

—LTVs to 80%

Want to ask a general question or something specific to your circumstances? Feel free to submit your questions to [email protected] ahead of the call. Rick will do his best to get to all of them.

Depending on the numbers such as your LTV and LTC, it may make good sense to refinance your current hard money loan to one with a lower rate.

Best of luck! 

To answer your question @Account Closed Maryland definitely does allow wholesaling. Generally, an attorney is not required but may be helpful. Many of our clients use wholesalers to locate their investment properties. We have lots of resources on our website that you might find useful. Feel free to DM me for specific advice. 

Thank you for your service, Michael —and welcome to Annapolis! It's a special town and well situated for real estate investing with easy access to both the Baltimore and Washington DC metro areas. 

Good luck! 

Glad you found it helpful @JeffreyDonis. Good luck out there! 

Good point, Steven Huynh. It makes sense to use a property manager with experience managing this unique tenant pool.