Baltimore, Maryland
I am a 50 year old man,Who has just started a new business with my wife. I was laid off from my job in February and decided to start my own business after taking Armondo Montelogo's real estate flipping course. Our business is R&D Real Estate Development LLC and is located in Canton in Baltimore City.
New at real estate
To establish a sound business and become one of the leading business owners in this industry.
Private funding to purchase and rehab a residential property that is priced at $20,000. The cost of rehab is estimated at $55,000 and the ARV is $150,000. This my first deal and I have 9 others to hopefully move on. My problem is finding a private lender that will lend based on the ARV of the property and not my personal credit. I am positve that if I can get this first deal I will be well on my way.