All Forum Posts by: Kyle Deutschmann

I was wondering if anyone had any lender recommendations when it comes to househacking. I’m looking to buy my second househack and wanted to connect with a lender that understands the strategy where I shouldn’t run into any issues qualifying for 3-5% loan. Lender Must lend in Maryland!

Hiya!

I have a property under contract in Hagerstown, MD, a SFH for $94K with an ARV of $160K.

I'd like to use a personal line of credit to purchase the property, pay repairs out of pocket (minor) and then do a cash-out refi ASAP (3 months is what I've heard from the banks I've been in touch with) and cashflow with the rent roll.

Has anyone done this kind of deal? Any tips on personal lines of credit -- who to use or avoid -- any anyone finding LTV cash-out refi above 75%?

Looking forward to reading your advice and insight :)

Hi,

I'm wondering what other Maryland landlords do with their tenant's security deposits. I know it has to placed in an bank account within the state of Maryland.  

Do you open a savings account?

Do you use an escrow service?

If yes who do you use?

What fees should I expect?

Any other Suggestions?

Thank you in advance,

Ryan

Hey guys,

I am looking at a property in Western, NC to purchase and run as an Airbnb. I have heard Tony Robinson and Rob talk about the 10% down second home loan mortgage option numerous times.

Does anyone have a lender contact that services Western North Carolina. I'm in Durham but the property is in the Boone area.

Thanks in advance

I missed you all so much that I created an event only 3 weeks later! Let's talk real estate over some cold tasty beverages to escape this crazy weather ;)

Hello my fellow REI Enthusiasts and welcome to our monthly social located at Jailbreak Brewing Company in Laurel, MD.

This is an informal meetup for anyone interested in anything real estate-related at all levels! I have a table reserved under Steven and will put up some trifold signs at the table with the name of the meetup above. We've been averaging around 15 people per meetup with Agents, brokers, flippers, investors, lenders, and complete newbies all coming together and having a fun time talking real estate investing because our loved ones and friends are sick of hearing us talk about it! Hope to see you there.

Also, I'm interested in any ideas to bring to the table at the meetup! If you have any potential deals you want others to look at, think about printing out the info and bringing it with you. We had 19 people at the end of May. Let's up those numbers!

Hello,
I'm 47 yrs young and need some advice on what to do in terms of my student loan, investing and savings. I had 62,000 in student loan debt and now only have 30,000 plus $400 in credit card. I have no retirement savings and I make between 2,100-2,400 every two weeks before taxes. Help? There's a program in Maryland that's call Smartbuy that will help someone one like me into a home and pay off the remaining student loan debt. But there's a catch, I have to live in property for 5 yrs. HELP.

Hey y’all! I am looking to get acquainted with anyone in Nashville, TN area to learn more about the market and soon get started in real state investing. Been a huge fan of bigger pockets for 4 years now, just graduated from college and ready to hit the ground running. Really looking forward to acquiring that first deal in the near future. Excited to get started and meet some great people with similar interests and goals

Hello,

As per my last post I am trying to get a feel for the Memphis area real estate investment market.  Once I have found a place, assuming I'm not paying cash, how do I figure which financing options to use?  Are there any articles you can refer me to?

Thanks,

Jesse

Any one on here have any investor friendly lenders in the Nashville area? Working on getting a commercial style loan with a local bank which seems to be giving me a good rate but lender is working very slow and unresponsive most of the time.