Originally posted by @Russell Brazil:
Hey Phillip,
As an agent Id love to send you some cash flowing properties. But that might be premature....you would probably want to talk to some lenders first to see what type of borrowing power you have. Ive had a lot of luck with Thomas Haley at Washington Home Mortgage in Bethesda. He has provided me so much information, and he has been willing to meet me outside of business hours to get a deal done. He has been great to work with.
After you are able to determine your borrowing power then you can start to target properties. DC and MoCo is hard to find cash flow, but Frederick County and Prince Georges County have lots of cash flowing properties. I prefer Condo investing myself, since they are easier to manage..but you do run the risk of the dreaded special assessment.
Thank you for the information. I'm still acquiring information information on lenders and other aspects of the process. I would love for you to send me cash flowing properties so I will definately keep in touch with you. What areas would you suggest to whole sale or buy/fix/flip to build capital?
