p=g What are the odds that 99% of people who do it are just trying to get their pet allowed for free.

Thank you in advance and I look forward to connecting with you :) I’d at least consider taking that 40k and putting 10% and house hacking in pg county, Bowie, Fort Washington and even some parts of temple hills can be pretty nice (if boring) and some what affordable at least compared to the rest of the dmv, not obviously it’s not gonna have the nightlife of Arlington which depending on your situation could be a draw back.

PG county is 20% Baltimore city is 12-18%, most others are 12%. 

PG County, Bmore city (not county), montgomery county has some of the highest property tax.

As far as rates, keep in mind cash out refi rates are always more expensive than purchase so even if rates drop you wouldn’t necessarily get a better rate and tbh it’s my personal opinion that rates are likely to remain in mid 6’s or so for the next few years, As far as appreciation with rates dropping, I’ll be honest I thought going from 8 to 6.5 would be a bigger impact than we’ve seen and while it’s stillpossible we see that come spring I do think some markets are just too expensive and are likely to go nowhere for a while, I think the areas with the best appreciation over the next few years and this is just my personal opinion, under 400k in prime Baltimore location’s, under 500k single family in Howard, PG and Anne Arundal county and under 400k single family on the eastern shore, the reason being those are still area’s that are around par if not cheaper than rent that are also nice places for a family to live, while most normal home buyers aren’t necessarily looking at price to rent ratio it certainly factors in subconsciously and I believe though I could certainly be wrong any growth from here on out is going to be driven by 1st time buyers looking for single family homes that are affordable to them relative to the rest of the metro area.

Frederick County is 5th day...I forget what PG and Howard are.

In PG county the minimum on the sub $350k ARV properties is usually $30k.

I also purchased two more in PG that are also being renovated as we speak.

(Montgomery, Fairfax Arlington Counties) Sure prices dropped and bounced back in those areas....but when you go over to PG County, they are nowhere close to having recovered from the market crash while the other areas in general are back to 2006 levels.

@Wayne Brooks  with my commercial banks rule of thumb is anyone with 20% or greater needs to be underwritten and qualified and any PG's that the bank may require is signed by anyone with 20% or more ownership interest.I am not an expert of public financing guidelines like this.. good mortgage broker should be able to figure it out..