NEWIBE INVESTOR STARING OUT IN MD

[David Curtis Johnson Jr]

Hello everyone, newbie here. I’m a 28 year old looking to get started in investing. I’m located in the MD area and interested in buy and holding. I’ve been researching the BURRR method and think that’s going to be my initial approach. For my first deal I’ll be looking into taking a hard money loan with 10,000 of my own cash. I have a reliable contractor I trust. Looking for and advise anyone is willing to give. I’d love if any investors in MD are will to talk. What’s the best way to find local meet ups?Thanks for taking the time to read and respond.

[Russell Brazil]

Where in Maryland? 

What is kind of overlooked with all the BRRRR people, is that BRRRR is a very capital intensive strategy. Its great in that you get to recycle your capital, but you need a large capital position initially to execute the strategy. Depending on where in MD you are, $10k is going to be very difficult to execute a BRRRR with.