All Forum Posts by: Malcolm Lawson

I am currently looking at homes for my second investment property.  I noticed that one county near me has all 7, 8, or 9 school ratings and another county near me has all 4, 5 or 6 school ratings.   And of course the houses with better schools cost more then the ones with the poor schools.

My question is should I be focused on the school zones or should I just be focused on how much cash flow a property can produce?  Have any of you ever noticed a correlation between school zones and "quality" of tenants? 

 Thanks Jake, I guess that also answers my next question of what I should bring.  Proof of funds and income is probably a good place to start.

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Name: Malcolm Lawson

Types of investments or business (fix and flip, wholesale, house hacking, NPN, realtor, buy and hold, etc.) : Buy and Hold

Types of Properties: Single Family 3/2

Target areas, counties or cities: Anne Arundel County

Do you invest in or out of state (or both): In

What are you looking for:3/2 in Anne Arundel that cash flow at least $500 a month

Why should others contact you:

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I am new to real estate investing but am meeting with a lender for the first time Friday about taking out a loan to buy my second investment property. Should I wear a suit to this meeting or is it ok to dress a little less formal? What other real estate investing situations do you guys wear suits to? Signing a lease with a tenant? REIA meetups? Meeting with contractors?

Thanks everyone, I think I might have to make a spread sheet with all the different requirements from lenders.  I really don't want to pay

junk fees, high points, or a prepayment penalties.

Michael, I have already used my VA loan to purchase two homes in MD. Plus it can only be used for your primary residence and I am looking to flip.

I am planning on doing my first flip in Southern Maryland in the next few months and have started researching hard money lenders in my area.  I am a bit lost trying to pick one.  Can anyone give me some advice of what kind of deal I should be looking for out of a lender?  Any shady practices I should be watching out for?  Any recommendations for lenders in the Maryland area?  

Hi all, about 5 years ago I bought a home as my primary residence, I renovated it, then started renting it about 3 years ago. Today I have about $40,000 in equity and was hoping to complete the last R in BRRR and refinance to pull the money out to invest in real estate. When I spoke to my lender he told me I can not do a cash out refinance because the home is an investment property. Does this sound right? and if so then what is the point of the Refinance step in the BRRR technique?

Some other info: I am in the state of Maryland and I originally purchased the home using a VA loan.