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All Forum Posts by: Eric Lawson

Eric Lawson has started 15 posts and replied 20 times.

Post: Need advice financing rental

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

I’m looking to invest in the Baltimore metro area in fix and flips as well as rentals I’ve had trouble finding funding, partner, etc. So I decided to use a Hard Money lender the Hard money lender requires a minimum of $15,000 in assets (which I have) I get a call today from my lender where they preapproved me for 45,000(but their loan min is 50k) but they would like to see more than originally request in assets .

Baltimore is very easy to find properties under $50,000 but a challenge to find them for that price and be able to renovate and make a profit.

I questioning if that’s all a hard money lender is will to offer me should I just apply for a unsecured loan for 50k and purchase as a cash buyer and have a total of 65k to work with or just save more over a couple of months?

It’s time to put all my education I’ve learned about real estate to good use, but what’s stopping me is what I assume turn off a lot of people and that’s funding..HELP!!!

Post: Investor friendly Real Estate agents in Baltimore

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

Where are the investor friendly real estate agents in Baltimore Maryland I’ve been looking for properties for the last couple of months but of course having trouble finding properties the traditional way due to snails pace real estate agents or cash investors beating me to sales Baltimore city and Baltimore County a very good markets To invest in if you have the right team.

Post: Steps to flipping the right way!!!!

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

Newbie to real estate investing ready to jump in and swing for the fences, what is the first steps that should be taken From start to finish when flipping?

How do you purchase your first flip!! I feel like I’m moving too slow or jumping ahead with steps. What direction, what process should be done. Should I find a willing real estate agent to find possible flips Should I be looking myself using a realtor or Zillow what is the most efficient and effective way just to purchase your first flip??

I’m at the stage where I feel like if I get one I’ll continue to get more and build my portfolio I’m just not sure how to get that first house To flip.

Post: Looking for leads in Baltimore

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

Having trouble finding that first deal. Any ideas for a first time flipper I just need 1!!

Post: AmeriSave any one ever used this company????

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

I received a call today from AmeriSave mortgage And foundations mortgage who said they offer a financing for rental properties has anyone ever work with them

Post: So what's holding you back?

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5
@Frank Patalano Fix and flips also rentals in Maryland ( Baltimore Metro area)

Post: So what's holding you back?

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

@Frank Patalano Financing and Capital.... any advice

Post: My First BRRRR in Baltimore

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

Great recap. Im new to investing myself and it was really good to see this outlined with very good detail and things to look out for!....Thanks for the post!

Post: Searching for my first property HELP!!!

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

What are good places to start searching for my first property to invest in????

Post: What to look for when starting out flipping

Eric LawsonPosted
  • Flipper/Rehabber
  • Baltimore, MD
  • Posts 22
  • Votes 5

Good Day,

I’m new to BP and and looking for advice on where to start. I’m looking to get into flipping(Maryland). I’m Very ambitious and have been in finance for the last 7 years and I’m looking to expand my umbrella with real estate. I’m pretty handy although I’m not looking to do much work myself I’m no GC.

I guess what I’m asking is were to start and what to look for?