All Forum Posts by: DC W.
DC W. has started 3 posts and replied 4 times.
Post: Sell or 1031 Exchange?
- New to Real Estate
- Baltimore, MD
- Posts 4
- Votes 2
I have a townhome in LA that a family member is vacating soon. Ive owned it for 7 years and have healthy equity in it. I also have an investment property in Maryland so being a landlord isn't new. I don't want to fix up the LA property and maintain it with tenants especially as it's subject to a lot of HOA rules. Im looking at doing a 1031 exchange and purchasing a couple of row homes or even a multi unit back in MD.
Looking for some thoughts from the community as this will be my first exchange and I'm trying not to misstep just because Im eager to get out of the LA property to avoid renting it.
Anything to be concerned about? Silly to not keep property in the LA market? Back of the napkin math, I think I'd cash flow more getting into new Maryland property than keeping this...at least in the short term.
Post: Maryland Real Estate Attorneys
- New to Real Estate
- Baltimore, MD
- Posts 4
- Votes 2
Quote from @Andrew Postell:
@DC W. try some local real estate meetup groups. Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too. Even facebook might have some good local groups for you. Just ask in those who are the good attorney's to use and there should be some local real estate investors that can help out. If you can't visit them in person, then facebook is a great tool. Multiple Real Estate Investor pages that have thousands of members.
Hope all of that makes sense.
Post: Maryland Real Estate Attorneys
- New to Real Estate
- Baltimore, MD
- Posts 4
- Votes 2
HI - Looking for recommendations for attorney in the area. Emphasis on seller financing/lease to own and/or mobile homes a plus.
There have been some older posts but updates suggestions very much appreciated. Thanks
Post: Raising rent on newly purchased property
- New to Real Estate
- Baltimore, MD
- Posts 4
- Votes 2
I’m targeting my first property with a current tenant who seems to be a “good one.” Rent is below market. Consulting with potential PMs but any advice on getting in and immediately raising the rent even though I’m very open to them staying?