All Forum Posts by: Min Zhang

Hi Keith, 

I'm glad to hear to you are redirecting your focus in real estate investing. I'd love to help you get started. To get on the right path on your first deal and maximize your limited capital for generating sufficient cash flow, focus on setting clear goals, researching the local market, and analyzing potential properties which most local agents can help you. I would try to connect with wholesalers. They typically have undervalue deals that you could buy to flip. The next step is to find a hard money lender that can help you finance this deal. They typically can lender you 80/90% LTV and 100% of the construction. Having a good understanding of the market is vital.

Let me know how I can help! 

Congratulations on your decision to pursue real estate investment through the BRRRR strategy! Finding a knowledgeable and experienced real estate agent who understands your investment goals and can help you identify viable opportunities is crucial to your success.

To start your search for a realtor in Baltimore, MD, you can begin by researching and comparing several real estate agents in the area. Look for agents who have experience working with real estate investors, particularly those who specialize in the BRRRR strategy.

You can also consider reaching out to local real estate investment groups and networking events to connect with other investors and professionals who may be able to provide recommendations. Online forums and social media groups focused on real estate investment can also be a valuable resource for finding potential realtors.

However I think Columbus, Ohio is a better prospect market to do BRRRR, flips, and rental. I'd love to share more info if you are interested.

Let me know how I can help! 

Exactly. Let me know how I can help!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $62,000
Cash invested: $10,000

Bought it for $62,000 using hard money
Needs around $35,000 in total rehab
90% LTV
ARV is $160,000

What made you interested in investing in this type of deal?

It was a small a deal, something that I could afford.

How did you find this deal and how did you negotiate it?

I found it through working with my wholesalers. I negotiated $20k below what was asking. Weeks later, my wholesaler called me that they could work with our number.

How did you finance this deal?

Hard money and financed it with a partner

How did you add value to the deal?

Mid-size rehab/ new kitchen, new flooring, new doors

What was the outcome?

in progress

Lessons learned? Challenges?

in progress

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

in progress