All Forum Posts by: Zantiago Zurita

Funding! I own one property but can't seem to get enough funds to buy another. HELOC on my primary won't get me enough (~20k-30k). Any suggestions?

My tenant has asked me if she can put up a fence around the backyard and an above ground pool? I don’t think the fence is an issue (unless someone sees/knows of an issue), I don’t know about the pool. If I say yes I think I’m going to say the tenant has to remove the pool when they leave. The property is in Maryland. Thoughts? Suggestions? Guidance?

Hi BP.  I'm looking for a CPA in Maryland to help me with my current and future rentals.  I only have one rental now but I want to start educating myself on options to grow appropriately.  Is there a place in BP to search for one?  Anyone have suggestions/checklist to check to acquire a good CPA?

Thanks.

Z

@Tom S. Thanks.  I'm researching all available banks in my area and I'm going to be knocking on some doors in the next few days.  Thanks for your advise (and giving me hope...hahahaha).

Zanty

@Andy Mirza Thank you for your advice.  I will start researching with the lenders in my area.

@John D. Thanks.  I'll do that.

@Chad Clanton   thanks for your explanation.  That helps.

I'll let you guys know how this goes.  I hope I can purchase this property because I know it will cash flow...it just needs some elbow grease!! 

Thanks again!

Zanty

hello everyone, I am in a weird situation and would like some advice.  I'm looking at a property that needs some work. My real estate agent spoke to a lender about this house and the lender said that if it's uninhabitable (which I don't think it is per the definition) or if the appraisal comes back lower than the asking price (asking price is half of the value of the home if it were fixed) that I would not be able to get a loan from a normal lender. Without the loan, I can't purchase the house (don't have that much cash). Has anyone gone through this situation before?  Is going with a hard money lender my only option??

Thanks Al, this is exactly what I was looking for. I was going to build one to post on here but why re-invent the wheel.

Sorry William Allen but I didn't forget about you. Thanks for your advice as well!!

Thanks Jonathan Makovsky , hope to see you around too. Thanks @Jonathan Makovsky , hope to see you around too. @Elizabeth C. and @Robert Williams thanks for your advice about southern Maryland. I guess I'll see how hard it is to find renters in the winter if I ever find a property to buy! ;)

I just found this website a few weeks ago and I've been listening to a great deal of their podcasts. GREAT INFORMATION!!!!! I just started renting out a property (previously primary residence) and bought another one as a primary residence. The more I listen to the podcasts and read the forums, the more knowledgeable (and excited) I'm getting to buy another property. I'm looking to invest in southern maryland (St. Mary's and Calvert county) as well as the DC area (MD, VA and DC). Any comments on how hard it is to get renters between November and March in the above areas? Thanks. Z