Maryland Flipping Market

[Kyle Payne]

My wife and I are interested in moving to the east coast, specifically Maryland to continue doing flips. I am currently doing flips here in UT and in the Vegas/Henderson area, but inventory and returns are lower than I'd like. I'm wanting to scale my business and have heard a lot about the returns investors are getting in Maryland.

I've got a good amount of capital and can do a few flips at once, assuming there is enough inventory to do so. I'm hoping for homes most likely in PG/Baltimore Counties and to have total investment including acquisition and rehab to be around $150k, as there are many buyers at that price point.

For those of you doing flips in Maryland:

• What would be your advice for someone looking to get into the Maryland real estate market?
• What are your average net returns?
• Where are you having the most success and where are you finding these deals?

Thank you in advance for you time!

Kyle Payne

[Russell Brazil]

@Kyle Payne Most people start off at the cheaper price points, build their bank roll, as well as knowledge before they move into the higher price points. The cheaper price points are obviously more forgiving on mistakes. Id say you obviously have to know your numbers, but the m any offers strategy I dont think is the best strategy. Sometimes it is worth it to throw out an offer....but understanding what the property will ultimately sell for is the key. Say you know you need to get a property for $125k, but you know it is going to get bid up to $150k,....then you know it is not worth it to even bid on the property.  So like everything it really comes down to market knowledge...and very often relationships, since if you have a relationship with the selling agent (or your buyers agent does) then it gives you a leg up.