3rd property under contract in Baltimore Maryland

3rd property under contract in Baltimore Maryland

Real Estate Agent · Arbutus, MD · Member since 2019 · 127 posts · 59 votes

This will be my first hard money BRRR and first single unit. Under contract at $80k needs $25-30k rehab + sweat equity with the hopes of ARV $157k as the identical house next store sold for $157 in June.

This is my first time using hard money and leaving the multi unit arena? What’s everyone’s take on multi vs single unit house?

I’ll update later with numbers - closing on 11/13/20 and probably 60 days or less of work til tenant placed.

Take action!

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Property Manager · MD · Member since 2015 · 186 posts · 125 votes
5y

We want before and after pictures!

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  • Real Estate Agent · Arbutus, MD · Member since 2019 · 127 posts · 59 votes
    5y

    @Stephen Predmore

    I’ll have my contractor do the roof, bathroom, and kitchen. I need to clear out the house as it is an estate sale. I will paint clean, landscape.

    Biggest decision right now is whether or not to add central air or not?

    No, i won’t be adding a bathroom or bedroom cause this already a pretty small townhouse.

  • Real Estate Agent · Arbutus, MD · Member since 2019 · 127 posts · 59 votes
    5y

    @Stephen Predmore

    Have you found any lenders locally that do not require the 6 month seasoning period for a refi?

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