All Forum Posts by: Ben Bannister

100% agree with Andrew. It’s too risky to buy residential real estate with the sole intention of making it a short term rental. You need an exit strategy in case laws change.

@Greg Tawes sounds great! All are welcome. Hope to see you then. 

@Jacob Evans spearheaded the first one. The more the merrier!

@Tracy DeVore Tuesday morning is great. I’m clear any time after 8:30am. There’s a lot of options on West St or Main St. Red Bean is probably the closest. I’m open to anything so just let me know the time and place. Looking forward to it!

Hey Tracy. Let’s connect. I’m a private money lender and investor in Annapolis. Do you want to meet up for coffee? There’s also a small group of investors who met for coffee a couple weeks ago and are meeting again next month. 
Talk to you soon!

Ben

@Andrew Hemminger is 100% correct, IMO. I own a few rentals in Annapolis. These are equity builders, not substantial positive cash flow properties.

I will also try to make it on the 11th. I coach my sons basketball team and the schedule hasn’t been released yet.

Hopefully I can make it and looking forward to seeing everyone.

Hey @Marylin OShea!!  Yes, great idea.  After the start of the new year would be best for me.

Looking forward to it!

Sounds great.  I'll PM you now. 

Hey Jacob.  Annapolis proper is tough to find flips and rentals.  Not impossible, but the surrounding areas offer more opportunity.  

Annapolis is great but you need to know the specific streets.  There are areas where you'll see $150k houses three blocks from $1MM homes. But you need to know what you're getting in to on the $150k homes.  

Edgewater, Glen Burnie, and Pasadena are a few places where investors seem to do better.

I'm in the Annapolis area so if you ever want to meet for coffee I'd be up for that.