All Forum Posts by: David Ojo

Hey @Brad Tooley

It’s great to hear that you’re planning ahead and doing your research before jumping into your first deal—that’s a smart approach! Before getting started, I’d recommend focusing on three key areas:

1. Strategy Selection – Understand the different investment strategies (BRRRR, short-term rentals, etc.) and determine which aligns best with your goals.
2. Market Research – Study the market you want to invest in, including property values, rental demand, and economic trends.
3. Laying the Foundation – Take proactive steps now that will set you up for success later. This includes networking, learning from experienced investors, and strengthening your financial position.

If you're starting with limited capital, setting up an LLC and building a strong credit profile (700+ FICO) can open up financing opportunities. With good credit, you can leverage business credit options. Personally, I used a business credit card to fund a BRRRR deal, securing over $90K in credit with just an LLC and a solid credit score.

There are many creative financing strategies available, so don’t let capital be a barrier. If you ever want to discuss specific steps or options, feel free to reach out!

Wishing you success on your real estate journey!

Hello @Raquel Reed! I invest in the Baltimore area but I have family members that invest in the Upper darby, Chester area close to Philly (I believe there's a lot of affordable properties in those areas). I also help real estate investors fund up to $150,000 in credit lines at 0% interest with no collateral in 90 days or less for property acquisition.

Happy to share my experience!

@Fortune Solomon I believe I have a strategy that could work for you. Sent you a dm.

Hey @Lynette Arhutick!
Also started out not too long ago (2023), currently working on my second BRRRR property. I had to get really creative because I wanted to use as little cash out of my pocket as possible. So I ended up using 0% interest business credit cards which I liquidated to purchase and renovate my property (total credit limit of about $95k total). Talk about creative right! I loved not having to deal with lenders and all their requirements. Anyways I can share more details on how I got approved for high limits if you want.

Hello Jaycee! Thanks for reaching out, my strategy so far has been to invest in SF townhomes in the Baltimore area. They are usually fixer uppers howbeit not in terrible terrible shape.

Hey Tyler I was able to obtain $95k in 0% interest rate business credit cards, which I've used for renovations and even paying contractors. I didn't have to apply for any hard money loans. The 0% interest lasts for about 12-15 months which is ample enough time to complete your renovations. You can then cash out refi and pay back the card and maybe even use it for another deal. I can share more details on how I was able to get such a high limit.

It's frustrating being subject to hard money lenders and their different criteria.

Something that could work for you (maybe not this deal because of the timeframe) is creative financing, specifically using 0% business credit cards and liquidating them. I was able to obtain $95k combined with Chase, Amex, Wells Fargo and a credit union around me. Happy to share more details.

Hey@Briley Roe for my most recent real estate deal (brrrr). I did a mix of hard money loan and 0% business credit cards. I was able to qualify for about $95k in 0% business credit cards (for 12 months), I then liquidated the cash and used a portion of that to obtain the hard money loan that covered the balance of the purchase cost. So basically no money out of my pocket. My goal is to brrrr the deal within three months, and payoff the credit card with the cash out refi.

I feel like this strategy could work out in your scenario as well. I can share more details about how I got the business credit card and the hard lender I used if you want.

Hey @Simon Walker

Have you explored creative financing strategies? Not sure if this is the sort of solution you're looking for but it's something that's worked for me. I was able to fund a brrrr deal using 0% interest rate business credit cards ($95k across different cards), I didn't have to deal with lenders and their high interest rates or their draw request process to access renovation funds. However, the 0% interest only lasts for about 12-15 months but definitely more than enough time to complete the brrrr cycle twice or maybe three times in your case since you're a contractor as well!

Hey everyone,

I'm David, and I started BRRRR investing in Baltimore in 2023. It's been an exciting (and sometimes chaotic) journey, and I'm always looking to learn from others while sharing my own experiences along the way.

Baltimore is definitely a unique market with its fair share of challenges and opportunities, and I’d love to connect with other investors—whether you’re just starting out or have been in the game for years. Let’s swap horror stories, success stories, and maybe even some good contractor recommendations!

Looking forward to networking and learning from this community. Feel free to reach out—always happy to connect!