All Forum Posts by: Kendra Rodwell

@Nicole B. Great! Thank you, Nicole!

@Joe Norman Point well taken. Thanks for the advice!

@Rowan Yearwood Gotcha. I will plan to attend the next meeting. Hopefully, I will see you there.

@Joe Norman I was advised by a seasoned investor (and he may be wrong) to start with a relatively inexpensive home ($5k-$10k) so that I can learn the process and get a realistic sense of how long the whole process may take. I thought this would be wise because I do not have enough reserves for a $100k home in Charles Village (my target area). Edmondson Village just seemed to fit into that strategy. 

Thank you, Christian! I will definitely look into the different meetings. 

Thank you, Keeynisha! Great advice. 

Did you find that MAREIA provided good tips on how to raise the start-up money to fund the first flip? I was reading a bunch of articles that said that you can start in this business with little to no money and I quickly learned that is not the case. 

Thank you, Christian!  How do I find these meetings? I did see that some of the event coordinators post events on the Dashboard but are there any other sources that you can recommend? 

Also, it seems like you are familiar with Baltimore city real estate. What do you think about the Edmondson area? There are a ton of homes being sold between $5k-$10k with an AVR of $70k. My goal is to buy something really cheap my first time out so if something goes wrong with the flip, I am not losing much money. And it will serve as a learning tool so I have a better understanding of process and timeline of the rehab and sell the home. 

I am looking to start investing in real estate, specifically flipping homes. I have been reading articles and books and listening to podcast about the home flipping process. I am ready to pull the trigger but the only thing standing in my way is the money necessary to fund my first project. I have some savings that I plan to use for the "quiet" cost of the loan but I will need a loan to purchase the property and fund the rehab. 

Does anyone have any hard money lenders or private money lenders in the Maryland area that you would recommend? I have called a number of lenders but I would rather go with a company based off a recommendation. There are a lot of horror stories surrounding these types of lenders so I want to make sure that I am doing my due diligence. 

Thanks in advance!