All Forum Posts by: Angela DeBorja

Welcome to BP @William D. Be sure to check out the BP Podcasts related to buy and holds, and even those not related  to buy holds, like marketing, or scaling. I find that there are pearls in every one of them! 

There is a local investor we spoke with months trying to unload a 2 bed 1 bath semidetached townhouse that needs a moderate amount of work. I was overwhelmed by the amount of work it needed as a newbie, so we did not put an offer in. He has a portfolio here in MD, and wants to move to FL  in 3 years or so to focus on commercial  It is still for sale, and since then we have looked at a lot more houses and reread Investing in Real Estate with Low and and No Money Down. He is open to seller financing. I was trying to think creatively: 

1) If he owned the property free and clear, could we offer an agreement where we would fund the rehab (via our HELOC, or bank rehab loan), and then we could split the profit from the sales? It looks like there has been rehab activity in the area.

2)   Is there a way to combine seller financing and being able to rehab the house for either a rental or flip? 

I am thinking of going over to look at the property again with contractor to get a ballpark estimate for a flip rehab and a rental rehab, then go back to the seller with an offer. 

Thank you in advance! 

Welcome @Tracey Little! Tons of sources here. Be sure to check out Education Tab!

Hi all,

I got my first website lead through Craigslist! Unfortunately on Google maps it is on a very distressed street with many boarded up houses. How do you go about saying no to the seller. What kind of wording have you used?what kind of responses have you gotten?

Okay thanks so much @Ned Carey

I am trying to practice with the numbers for rental houses in the city. We are looking at 2 bedroom/1 bath houses built in the 1940s-1950s. Is $60 an average monthly price to expect for Baltimore City? Or does it vary widely based on location? One local agency told me they can't give an exact quote until they have an address and closing date. 

Welcome @Keshav Baggan! This is a wonderful community. We are new as well and in the learning process. We just placed our first offer on a Baltimore City 2 bed/1 bath house after months of reading and networking with other investors in the area. Be sure to check out the area meetups- BWI Meetup, Baltimore REIA in Towson/Baltimore, Anne Arundel Investors' Meetup, and others that more folks here can tell you about.

Welcome @Nate L.. We are on the same page. Definitely check meetup.com for BWI Meetup, Anne Arundel Investors meetup, and Baltimore REIA. There are lots of other meetings that others can chime in on.

Thank you @Kelly Wiggs.

Wow thank you @JR T.  I had totally forgot about the vacancies. She could be up for taking care of the repairs, but I would be responsible for vacancies.