Looking for Baltimore county Maryland private money lenders to help new investor
Hi BP,
I am a new investor looking for private money and or someone looking to do JV with me to help get me on my way.Here is my business plan.
Looking for properties to do one of the following (in order ):
1.buy and hold short term- finding tenant buyers to rent with option to buy within 12 - 18 months.
2. buy and for to rent. build cash reserves to be able to re-fi within 5 years.
3. buy and rehab
These properties are in better neighborhoods Baltimore county with avg purchase cost's $145k to $175K. With cash behind me I will be able to make lower offers with immediate closing.
Looking for lenders who can help:
1. fund 100% of purchase
2. fund 100% of rehab cost
3. besides normal interest I am willing to give up equity to help make the deal more appealing.
For ex. here is a deal that i was not able to do anything with due to lack of funding.
HO owed 180k. needed 30k to move with arv of 265k w/rent at 1850- 2000
I was unable to come up with the 30k to make it happen. I could have rented for a year and resold for 245 - 255k
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