My newest house hack in Baltimore City, Maryland!

[Kyle Deutschmann]

Investment Info:

Single-family residence buy & hold investment.

My newest house hack in Baltimore City, Maryland! This time in Canton! Details to come..

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

#iBelieveInBaltimore - but seriously, I think Baltimore is ripe to finally 'pop'.

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

Off the MLS. Sat for months while interest rates went up. I put an offer in right around the time interest rates peaked at 8%. What an awesome time to buy! Zero competition, price drop, biggest seller credit I've ever negotiated to cover all my closing costs plus $5k in repairs. And now rates are almost 1.5% lower already! #buynowrefilater

How did you finance this deal?

Good old conventional financing - low interest, low rates! (well as low as you can go these days without a bunch of points upfront)

How did you add value to the deal?

Working on it as we speak

What was the outcome?

Hopefully positive.. fingers crossed!

Lessons learned? Challenges?

Challenges: buying a house at the same time as a needy puppy can be challenging and time consuming.

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

Worked with a great realtor, lender, insurance broker, awesome title company rep, great inspector, handyman, and contractor. All around all-star team. Not the cheapest, but as with anything... price is what you pay, value is what you get.

[Jack Seiden]

Quote from @Kyle Deutschmann:

Investment Info:

Single-family residence buy & hold investment.

My newest house hack in Baltimore City, Maryland! This time in Canton! Details to come..

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

#iBelieveInBaltimore - but seriously, I think Baltimore is ripe to finally 'pop'.

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

Off the MLS. Sat for months while interest rates went up. I put an offer in right around the time interest rates peaked at 8%. What an awesome time to buy! Zero competition, price drop, biggest seller credit I've ever negotiated to cover all my closing costs plus $5k in repairs. And now rates are almost 1.5% lower already! #buynowrefilater

How did you finance this deal?

Good old conventional financing - low interest, low rates! (well as low as you can go these days without a bunch of points upfront)

How did you add value to the deal?

Working on it as we speak

What was the outcome?

Hopefully positive.. fingers crossed!

Lessons learned? Challenges?

Challenges: buying a house at the same time as a needy puppy can be challenging and time consuming.

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

Worked with a great realtor, lender, insurance broker, awesome title company rep, great inspector, handyman, and contractor. All around all-star team. Not the cheapest, but as with anything... price is what you pay, value is what you get.

 Forgot to mention the most important part a detached home in Canton! One of only 5 sold in the last years!