All Forum Posts by: Richard Carlton

Welcome to BP, Brett! Good luck on your Investments!

Welcome to BP and thank you for your service. Depending upon your cash flow goals, your idea of Crofton might be the better decision profit-wise, unless you can find a very good deal in the area of Annapolis that interests you but that could come at a price for rehab costs.

How are you saving money on the Buyer's commission if you are the buyer? Seller pays RE fees and to be wholly honest the local boards provide forms based on local area rules or laws that being new to the area would be foolish to not have access to or knowledge about. As for the answer to your original question, I am not familiar with any Brokerage in the state that is not affiliated with NAR, MAR, and the local boards.

Welcome to BP, Dominic! Congratulations on your initial success and best of luck for continued success!

Cate,

Mr. Brazil's and others advice should be heeded. You are trying to move into what is one of the most desireable areas of Maryland. If you are serious about trying to get a property and make a profit you should start thinking outside of the box. The average consumer is going to be your competition for any of the ideas that you have presented so far.

I think to do what you are hoping to do, you need to not be hung up on a traditional mortgage purchase but to start looking for hard money funding or other alternatives and start looking through auctions or properties that will take more than $25,000 to rehab as this will greatly shrink your pool of competition. Once the acquisition and rehab are complete then go the route of refinance into a traditional mortgage.  Pinpoint an area that you find acceptable based on your personal family needs and start hunting in that area exclusively.

If you can handle more rural areas and less suburban, look south of Annapolis down MD Route 2, there are potential opportunities there  just outside of Davidsonville and father south  and  east  of Annapolis.

Hi Karrie, welcome to BP! If you have any questions about real estate in our area or have any wholesaling deals in the local area send me a PM.

Rich

Hi Tim, I'm an investor and Realtor in Southern Maryland.

Hi Ernie,

Welcome to BP!  Try reaching out to the local lenders in our area like C&F Mortgage, Community Bank of the Tricounty, and Old Line Bank.  They can think outside of the box and be more helpful than a lot of larger institutions. Feel free to PM me if you want or need any assistance or ideas.

Rich

As a fellow Veteran and Southern Marylander, welcome to BP. If you have any questions, ideas, or comments about St. Mary's County or other places in the local area feel free to send me a message.  I am more than happy to help out any way that I can.

Rich

Welcome back to BP! Good luck with your Investments!