Looking for ideas, New to the realestate

Looking to meet and learn from experienced people who can help in my journey.

Would be interested in some ideas to bring that number down. 

Agent just alerted me to the new Maryland HB693 bill that went into effect Oct. 1 2024 limiting security deposits to 1 months rent.

Here’s my strategy and the issue:Current Strategy:Buy a property for $200k with cash.Refinance after 6 months to recover $150k, leaving $50k in the property.Use the recovered $150k to invest in another property, but I need to save up more money to repeat this process.Alternative with Hard Money:Use hard money to buy properties worth up to $800k.Refinance them later to recover my initial investment.For the hard money scenario, obviously I wont be buying them all at once, but rather buy a property worth 350 -> refi -> get HML -> repeat, until my money has ran out.However, hard money can’t be used for cash offers directly, as it’s typically a loan.

@Andrew Syrios I will try and track down the source, but I read somewhere that the money has been spent and it will not be refunded by the county and they’re unsure how they will remedy it for owners, but I don’t expect any money back 

With so many local investors responding to this post, maybe we should do a BiggerPockets Meet Up here in Daytona. 

Looking to balance Keeping It Simple and being on top of things.For years, we used Ally.

Welcome to BP @Joseph Beilke! 

Now to the deal.