All Forum Posts by: Angie D.

Hi Kobi,

Good afternoon.  Is your company by chance interested in investing in Baltimore, MD area?  We have an amazing rental market and I can get you deals that make 20% cash-on-cash return!

Let me know if you're interested.  Have a great afternoon!

Angie DeLuca

Cell 410-499-1246

Email [email protected]

Hi Ryan,

To get the answer you're searching for there's some key questions you'll want to begin with. Equity will be based on comparable homes and what they're selling for. Below are some questions that should help you analyze and weigh the cost vs. the benefit of the improvements you're considering so you can come to the determination as to if it makes sense for your situation or not. If you were in the MD, DC, or northern VA market I would be able to help a little more, but a local realtor (possibly even the one that sold you your home) will be able to help you best since they are familiar with your market area.

1. When you purchased your home, was there any existing equity?  If you purchased it for 100k, did it appraise for 130k?

2. Have there been any market changes since you purchased your home?

3. How much do the homes in your area sell for that will be most comparable to your home AFTER you make the improvements you were planning on making?  

Hope this helps!

-Angie

To view pictures:

https://goo.gl/photos/v76TcL9UocDq9CkQA

Large detached building needing total renovation zoned B-3-1 which allows for many uses in commercial, residential, and multi-family. 

Wholesale price 69k/OBO. Property needs 100k renovation. Once occupied it will lease for $5500-$7000/month. 

Contact me with any questions:

Angie DeLuca

Cell 410-499-1246

Email [email protected]

Awesome buy & hold rental opportunity! Zoned B-3-1 which allows for multi family or commercial uses. Need cash buyer to close quickly. Contact me for further info.

Angie DeLuca

Ph 410-499-1246

Hi good morning.  Is this still available?  Let me know?

Thanks,

Angie

Welcome Jennifer!

Hi Ray,

Lots of opportunity in MD for fix & flips; especially in Baltimore, Anne Arundel, Howard,  Montgomery & PG! I would love to work with you if you're looking to pick up some new projects.

Welcome to BP and good luck with the CPA exam!!!! ;-)

Taking the RE licensing class is cheap (few hundred) however actually having an active license allowing you to do business in the MD/DC/VA area is NOT cheap. You have to be affiliated with at least 1 board of realtors $700/yr, have a sentricard and pay dues in order to access electronic lock-boxes $215/yr, MLS access $660/yr, if you go with a 100% commission brokerage expect to pay approx $3600/yr, continuing education courses/licensing and renewal fees approx $150/yr, showing service membership $1,000/yr, add in the cost of E & O insurance and a few more memberships, broker dues and other misc. things and you're well over $7,000 per year. These are just the realistic bare minimum annual expenses you can expect to incur. No website, advertising, etc. If you're more interested in being an investor and your own deals and not really interested in being an agent servicing clients in my opinion get with an experienced agent that understands what you want and can help you grow your business. Consider also that when you're a RE license holder it can sometimes work against you as an investor because you will have to disclose you are a license holder, or that you have an ownership interest in the LLC or entity involved in the transaction. Sometimes this can make people feel you have the upper hand and are somehow taking advantage of them, especially if you're negotiating directly with the buyer or seller.