All Forum Posts by: Nicole B.

I require insurance and probably always will.  It's really not expensive for the tenant.  When I was renting, it was only $15/month!

I used Craigslist and Zillow when I rented my apartment.  That was before I became a Realtor.  So, if you want maximum exposure and you're new to the process, consider having a Realtor list it for you.  He/She will handle all the paperwork, lead paint requirements, etc, and the cost is usually just 1 month's rent.

Otherwise, check out https://www.ezlandlordforms.com.  They provide all the forms you'll need, based on which state you live in.

Goodluck!

Maybe also consider getting on wholesalers' mailing lists.  Also, consider attending some local meetups and start networking.  That's how most investors build their contacts and business.  Goodluck!

Those are great!  Some will require a series of classes and counseling to qualify and you'd need to time it just right around your purchase.  Also, read the fine print because many are forgivable loans and you'd need to occupy the property for at least a certain number of years.  Mortgage lenders that participate in these programs would be the best place to start.  A knowledgeable and experienced lender will be a huge help for you!

I'll actually be doing the Workforce Housing Certified Realtor program next week, so I'll have some more information for ya soon!

 How much do you need for closing costs?  Are you already speaking with a lender?  Are you currently under contract on a property?

Check out:

https://livebaltimore.com/financial-incentives/

http://mmp.maryland.gov/Pages/default.aspx

Depending on where the property is, there is the Healthy Neighborhood program.

Are you saying you need assistance for the downpayment, appraisal, inspection fees, etc?  Are you a first-time home buyer?  Maryland does have programs to help with closing costs.

If you're looking for a buy and hold to rent out, the location would depend on your budget and type of tenants.  You could rent to young college kids in areas with a great night life or you could rent to families in areas closer to good schools, or you could rent to working class tenants or even section 8.  You might want to think about who you want your tenants to be and then speak with a local agent about which areas would be a good match!

Welcome and congrats on your accomplishments so far!  I look forward to hearing all about your next moves.

Welcome!  I also recommend networking groups.  It's a great kick-start!  Go to Meetup and search BWI, Caza, and RehabberPro to start.