New member from Baltimore, Maryland

[Jose R. Plaza]

Hi everyone, my name is Jose Plaza.  I am from Baltimore MD and I am new to real estate investeing.  I started an llc "Plaza Rehab Group" and, I am looking to do my first rehab.  I have taken a 9 week course with Capital Rehab Group and, my coach recommended that I join Bigger Pockets.  Great suggestion.  Looking forward to learning from everyone. 

[Account Closed]

Repeated response to a previous post: 

Yes lots of opportunities here - you should attend some of our auctions - look it up on my profile - last week an investor netted $12,000 on one flip property - was in for $60,000 and flipped it for $72,000 - all within 3 weeks - 4 more weeks to settlement and he walks with $12,000 (no rehab, no need for a loan, no HML and no ownership, no agents, no title companies and no settlement cost).

At 74 now, I have been here in Baltimore investing for 48 years - my friend Ned Carey was one of my protege.

We are now going deeper into commercial development - finishing a 11,000 sf tavern on North Charles Street - (finished cost about $1.4MM) should be open in a few months. Working on 120 units now several tax sale deals.

Baltimore could be a great place for you to invest - learn the market - make offers all the time and look at 50 properties before offering on anyone of them. This will force you to understand Baltimore values - do this and you will be knowledgeable.

You may need a local coach or mentor to hold your hand - someone who knows the area. Only work with someone who is a proven success - has a portfolio of properties and can educate you on the ins and outs of different neighborhoods. Talk is cheap - look at his credentials before investing in a mentor.

Be smart about what you do and who you work with - you can look at listed real estate but your best deal is going to come from dealing directly with sellers.

Also remember creative financing techniques - nothing down deals - Control and Roll System - Delayed Settlements - Hybrid offers - and don't forget owner assisted financing and make sure you always ask for a principal mortgage.

Have fun - make full disclosures and make sure you understand the laws related to mortgage foreclosures - fail to do this and you may have a paid vacation to the Gray Bar Motel (a nice little room with one small window and the food is free, but the space is restricted).

Remember your goal should be CASH FLOW or EQUITY - forget the emotional appeal - it is all about numbers - understand them and you'll do well in Charm City.

Charles Parrish