All Forum Posts by: Muju Hussain

Hello BP Community,

I need some advice for my second investment property.  I have been owning a property now for five years, and it is my primary residence.  I am interested in another property that is for $450k in a great neighborhood, and it is below market value.  I really want to buy this property and wanted to see if i can get your advice on how to go about it.  I have a decent idea about approaching this, but I would love to hear some creative financing ideas from  you all on how to buy this property.  Here is the scenario:

- I have one more person who is interested in putting some money down towards this house.  However, we don't want to put 20% down unless it is absolutely necessary. 

- A couple of months ago, I applied for Home Equity Line of Credit, so i am thinking about using money from my HELOC towards the downpayment for the second property.

- My plan is to buy this property and rent it out immediately.

My question is:

- Still owning my first property, will I still be qualified for another loan?

- I am assuming investment loans will have higher interest rate, is this true? and any idea as to what percent interest am i looking at?

- How much money will I have to put down?

I would greatly appreciate any advice or comments you guys can provide.  Thank you in advance for your help!

Muju

Thanks Girard! Let me run this by my partners and run some numbers and do analysis, and i will get back to you. 

Hi Audrey - We prefer Baltimore County, so if you have any, please let us know.  thanks!

Hello BP community:

My company, AMZ Investment Group, LLC is looking for wholesalers that have properties in the Washington DC metro areas, more specifically in the Baltimore area or PG County, and Washington DC. We are rehabbers looking for 3+BR, 2+BA single family houses, and we are cash buyers. If the property is good and the numbers make sense, we are ready to do a quick closing on it. Please let me know if you have any properties in these areas. We are looking forward to building a successful relationship with you and make lots of money for you and us.

We can be reached at [email protected] or at (410) 921-6692.  

Thanks,

Muju Hussain

Hi Girard - We are concentrating on these zip codes of Baltimore: 21214, 21234, 21207 (County), 21224, but we are open to other areas where we can find good deals, and we do our analysis and research to make sure of the area and if the numbers make sense, we want to dive into it. Also, we are interested in PG county and more specifically in the Upper Marlboro area.

AMZ Investment Group, LLC is looking for a private money lender to invest in the Baltimore area. We are currently seeking rehab properties in and around Baltimore area and PG County (specifically in the Upper Marlboro area) where the properties are moving fast. We need a lender who is willing to invest in us in these areas. We are all about building relationships and making money for our investors. If you are interested, please send us your Terms and Conditions of lending. We are looking forward to doing business with you and making money one property at a time.

Please contact us at (410) 921-6692 or email us at [email protected]

Thanks!

Hi Steve - Thanks for reaching out! Referrals are always welcome! I would greatly appreciate any referrals you can send my way. I will definitely keep you in mind for DC and VA properties as we will be looking for properties in these two areas as well. Please let me know if i can be of any assistance to you. Take care!

Hello Bigger Pocket Community,

My company is looking for a Licensed, Bonded and Insured General Contractors for the MD area. If you are hungry and looking for some fun projects, please contact us. We would love to connect with you and hopefully build a great relationship and business with you. It would be great if you can send us your references and/or portfolio of previous work if you have any.

If you are interested, please contact us at (410) 921-6692, or email us at [email protected]. Looking forward to hearing from you soon.

Thanks,

Muju Hussain

AMZ Investment Group, LLC

(410) 921-6692

[email protected]

Thanks Brandon! Will definitely set up some keywords Alerts.

Thanks Sara! Would love to connect with you when you are in the area.