All Forum Posts by: Demetrius Hall

@BOB CRANEY what you say makes sense and def agree what’s areas are better since it seems like you know Baltimore better than I lol

@BOB CRANEY well I plan on keeping this property as a long term rental regardless ( I want to create cash flow). On hand I have about 80k liquid and about 250k in credit of my own I can use . My latest quote for underpinning is $26500 which is the cheapest so far. I haven’t done anything yet besides the demo .. still getting all the info before starting.

@Sebastian E. Calhoun street and Carey street is the intersection by the Capitol one bank ... what u think

@BOB CRANEY very good info and would love to talk about the section 8 process because that seems ideal and would drastically change how I buy the finishes ... dm me

@Ian Barnes I would agree but I’m learning a lot and taking my time ... it’s very exciting

@Cedric Bland it’s just getting started back going about to start some underpinning so waiting on quotes now

Ozzy - man if i can get that much i would be happy as hell, yeah labor sounds good and that includes anything that may come up in the project because i was listing out stuff and came over $45k in labor.

Lamont- i like rent o meter thanks for the site, they say average was like $1175

im only worried becuase there is no street parking in front of the house cuz is a one way and no back parking.

i think ima post on facebook because alot of friends live in baltimore area and dc so who knows may spark some ones ideas

need to secure a loan for rehab 60k for property in Baltimore ... house was bought in cash. will have arv of 130-150k

Hello fellow real estae people,

I have just purchased my first row house in 21223 ( 1,100 sqf) for $7k. It has 2 beds/1bath and unfinished basement. It is walkable to the stadium and new casino .9 miles. We all know the area is pretty rough with alot of drug users. i found out Baltimore is a block by block city so things can change in a blink of an eye

i knew i would rehab the whole thing once bought and decided to finish basement to make it a 3bed/2bath and change the 45 degree stairs to align with one wall straight up.

i set a budget of $60k ( some people say im crazy lol ) and plan on using a remodel loan for it. Once done it should be worth at least $120k but im hoping for $140k

my first price quotes for the demo were $13k, $11k, $9800, and $4200 ( a contractor i used prior)

the demo is done now ( took 3 days down to joints)

My quotes for remodel were $110k, $80k ( i would still have to provided appliances, granite, cabinets, all bathroom supplies), $35k labor only( i buy all materials)

I'm going to go with the $35k labor and contractor said materials should be more than $20k so total including demo should be 60k, but gonna have a 10k fluff space.

purchase plus closing fees: $9800

Renovations plus demo: estimated $60k

-plumbing

-electrical

-hvac

-drywall and stods

-roof repair

so im looking around 70k plus inspection fees 

( plan on refi after 6 months to cashout)

wondering how much i could rent for in the area?????

@Patrick Horgan just bought my first property in Baltimore for starting my brrrr