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All Forum Posts by: Dwight Gholson

Dwight Gholson has started 2 posts and replied 17 times.

Post: Rental Housing Pool for Embassies

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

This question is probably unique to Washington DC property, but I recently found out that our Foreign Service, as well as Foreign Service for many countries, rent homes for diplomat and staff to use from the local housing market.  
I have a home in DC that may be vacant pretty soon and was interested in finding out how to submit my home for embassy housing pool usage.  I've search around the internet a little for information but haven't found anything but information about our own FS, but nothing that tells me how to submit my home for use by countries who have embassies located in DC.

Post: Central Maryland REI Social

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

Just saw you mention this meetup on another post.  Just missed it by a day.  Hopefully, I can make it to the next one. 

Cheers!

Post: Investing in Multi-family Units In Baltimore?

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7
Quote from @Sara Frank:

There are some awesome neighborhoods in Baltimore, just have a higher acquisition price. If you pay bottom dollar prices for properties you will make up for those "savings" in repairs, negative tenant experiences, etc. 

Another consideration is property taxes, they are pretty high in Bmore and can eat into your cash flow depending on what financing you use. In such an inflationary environment, I recommend looking for something as turnkey as possible in Canton, Fed Hill, Fells Point, Locust Point... the cost of doing a rehab right now is a lot of time and money. 

@Sean Monahanundefined

 @Sara Frank are Baltimore City and Baltimore County tax rates pretty similar or is one better than the other?

Post: Personal Financial Statement

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7
Quote from @Alex Bekeza:

@Carnet Williams I have a one I can email you that any lender would accept.  Feel free to start a thread with me. 

That BP one is good but overly simplified and most lenders will probably want to see a deeper breakdown. 

 @Alex Bekeza, do you mind sending me that template as well?

Post: Recommendation for Team Members

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7
Quote from @Russell Brazil:
Quote from @Dwight Gholson:

I am a new value add multifamily investor planning to purchase 5+ units in the Baltimore, MD area.

Currently looking for to build out my team and looking for recommendations for property manager, insurance broker, mortgage broker, etc.


 Reach out to @Sara Frank , shes an agent in Baltimore.


 Will do, thank you!

Post: Recommendation for Team Members

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

I am a new value add multifamily investor planning to purchase 5+ units in the Baltimore, MD area.

Currently looking for to build out my team and looking for recommendations for property manager, insurance broker, mortgage broker, etc.

Post: Investing in Multi-family Units In Baltimore?

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

I'm in the same boat. Looking for my first multifamily investment in Baltimore or surrounding counties. 

Post: Looking for PM (Home365)

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

@Drew Sygit -very good information!

Post: Finding property manager

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

Very good info @Nathan Gesner.  I'm in the same situation as the OP and your post was very helpful.

Post: Fixed Rate HELOCs Recommendations

Dwight GholsonPosted
  • New to Real Estate
  • Washington, DC
  • Posts 18
  • Votes 7

I'm working with TD Bank now on a HELOC.

Speaking with the loan officer, they mentioned that you could take out an amount of money and lock in the rate on that chunk of money and then anything else you took out would be the standard variable interest rate at the time.  

I've been looking at a few banks and credit unions and TD seems to be giving the best rates right now and getting to closing pretty quick.