Updated almost 6 years ago on . Most recent reply
NW Baltimore Turnkey
Investment Info:
Single-family residence buy & hold investment in Baltimore.
Purchase price: $155,000
Cash invested: $32,000
Located in NW Baltimore (Greenspring) this end unit 3 bedroom, 1 bathroom Rowhouse was completely remodeled as a TurnKey rental. I found this deal through @Oliver Fu @Norada and we just closed last week. It rents for just under the 1% rule, producing a 13% CoC return.
What made you interested in investing in this type of deal?
This turnkey investment lets me earn while I learn and affords me time to focus on my next deal.
How did you find this deal and how did you negotiate it?
@Norada recently partnered with a Turnkey provide in the Maryland market. My trusted advisor @Oliver Fu introduced me and we found this and 3 other properties through this provider.
How did you finance this deal?
Conventional
What was the outcome?
Another cash flowing turnkey property.
Lessons learned? Challenges?
State transfer tax of 2%, split by buyer and seller.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Special thanks to my trusted advisor, Oliver Fu and Norada Real Estate.
Most Popular Reply
@Tim Stuart If you paid 155k and your getting less than 1550 a month, someone did a good job on taking advantage of you in Baltimore?????? That return is terrible for Baltimore, you can find the same thing on the MLS all day pretty much.