All Forum Posts by: Richard Bailey

In my experience it's almost impossible to buy a house with no money.  There are too many cost involved.  You will need to access money from somewhere.  

I would go for it. The Detroit real estate market is going to come back strong. Also you may never see interest rates this low again in your lifetime. Worst case, the house will always be worth $85,000. #trustyourparents

This looks like an easy flip. Good luck

I suggest you use a bank. I use The Harbor Bank. They are located in Baltimore. Where are you located. I would stay away from Hard Money lenders. The rate are ridiculous. .

I made $10,000 last week doing a wholesale deal in Prince Geore's County. I didn't put up any money during the entire transaction.

Let me know if I can be of any help to you. As an experienced investor/agent in the thriving and affordable Maryland/DC metropolitan area, I have access to great wholesale deals as low as $65,000, with a ARV of $300,000+. I would love to provide you with any answers or information you may need to become more aware of the opportunities in my neck of the woods.

Welcome to BIggerPockets. This is a great place to be to make friends and learn more about becoming very successful in real estate. Let me know if I can be of any help to you. By the way, as an experienced investor/agent in the thriving and affordable Maryland/DC metropolitan area, I have access to great wholesale deals as low as $65,000, with a ARV of $300,000+. I would love to provide you with any answers or information you may need to become more aware of the opportunities in my neck of the woods.

I would be interested in knowing the prices in your area.

This appears to a great way to organize my contacts.

You have me a believer. Thanks for taking the time to do this Reserch.