All Forum Posts by: Kyle Deutschmann

Hey Gerard, to reiterate what Russell said, house-hacking’s a great way to get started! I’ve done it a couple times now including right outside of DC. Happy to connect sometime and share my experience if you’d like. Best of luck as you get started! 

Hey Ankur, I know a few good ‘investor friendly’ agents I could certainly recommend in different parts of Maryland. Happy to try to connect you to someone if you haven’t already found a good agent. There are also a few local investor groups on Facebook that are good places to find recommendations for local service providers

Hey Kaleisha, we work with a few different lenders that offer "DSCR" loans based on the cash flow of the property, with varying requirements. Happy to chat if you're interested.

Hey Edward, I’ve been paying attention to Baltimore’s development news over the past few years and I think there’s actually a lot of promising things going on - several new apartment buildings popped up in recent years, Top Golf coming in near M&T bank stadium, money going into improving the old indoor markets like Lexington Market, Port Covington finally being built, the possibility of Royal Farms arena being re-developed, etc. While there certainly is some risk with Baltimore I definitely see things continuing to improve 

@Harpreet Narang hi Harpreet, welcome to BP! I’m one county over but happy to connect sometime.

@Jonathan Ng hey Jonathan, you could look into finding a private lender or hard money lender but odds are the terms will be worse than a conventional loan, so you're probably better off focusing on acquiring these initial properties with conventional (or possibly FHA) financing and worry about more creative financing once you've hit the limit on conventional financing. You can also refinance in the future to try to consolidate some of the individual mortgages once you've hit the conventional limit.

@Justin Lehoskay hey Justin, are you planning on buying a house to flip or rent out (or some other strategy)?

I’d recommend working with an agent and a lender who both invest in real estate themselves as they’ll have a better idea what you’re looking to do and how to help and should be able to easily guide you through your first purchase.

@Robert Taylor your loan officer is correct. Most conventional lenders follow Fannie Mae/Freddie Mac guidelines and Freddie currently allows for min 20% down payment as an owner occupant on a 4 unit property.

If you want to put less down you’ll likely need to find a private lender, portfolio lender willing to carry the note, or convince the seller to do seller financing.

@Santiago Salazar hey Santiago I’m pretty familiar with MoCo and have a couple good agents I could recommend who work with investors. Feel free to reach out if you’d like and I can connect you to them

@Will Bowman congrats Will! You and Austin are killin it!