All Forum Posts by: Dylan H.

Quote from @David P.:

Quote from @Dylan H.:

He may be trying to avoid confrontation with you and is "raising his own rent" to the most he can afford in hopes you wont raise it to full market rent. Just a thought
As stated above I would also verify his lease and then make a decision on whether to return his $100, or credit next months rent.

Where the heck are you that 1 side of a duplex market rent is ~3k/month? Sounds like DC

 I actually thought about that too. The realtor who represented both parties talked to the tenant multi occasions and mentinoned to him that he was getting a heck of a deal and to expect rent increase going forward. The prior landlord never raised rent. This is in southern california. It is a large duplex 1200 sqft 2/2 with a 2 car garage near the beach so he is getting quite the steal. 

 Sounds like tenant is trying to do their best to get up to date on current times but id still go by the lease- unless you both agree to new terms of course. Might be worth trying to negotiate, I’d rather have a good, long-term, below-market tenant than a bad at-market rent tenant !

He may be trying to avoid confrontation with you and is "raising his own rent" to the most he can afford in hopes you wont raise it to full market rent. Just a thought
As stated above I would also verify his lease and then make a decision on whether to return his $100, or credit next months rent.

Where the heck are you that 1 side of a duplex market rent is ~3k/month? Sounds like DC

As a guest, no it's not dead. We've booked 2 STRs via ABNB in the past 3 months. As an investor, my eyes certainly have wondered a bit from the STR model due to saturation and regulations

Good question. Newbie here but I'd think you could jointly apply. Waiting for a pro to respond

Hey BP hope all is well.

We visited the city today and looked at some properties. Is there a "guide" to investing in Baltimore? Any tips?

Thanks all

Quote from @Ozzy Sirimsi:

as far as baltimore goes, it depends on your price range. Turnkey under 120K, it will be in a rough area, over 120K you could be in a decent decent, 150K and more you will be in an okay area.

Thanks Ozzy for that insight. I myself used to live in Baltimore county (owings mills/reisterstown) 
I’m REALLY looking for a duplex/tri/quad but so are most others I assume. I live near DC so Baltimore just seems right. 

Quote from @Mio Chee:

I am too an OOS investor and invest in IN, TN (Cordova), and OK thru my turn key company. They are performing well and I love being a hands off investor because I can focus on other things in my life. I know each turn key is different, but the company I use has a very unique method and I really love it. Without them, I do not think I would have been able to purchase any of our rentals since Honolulu, the area we live in, are out of reach for us. 

Thanks for your reply! Which company did you end up working with? I’m in similar situation as we too live in a HCOL area 

Hello BP

Looking at a few markets to get started in, including Baltimore, Cleveland, and Memphis. Pros cons to each? Any personal experience or advice?

Any advice or recommendations? Ideally, as an OOS investor I'd like to get to know a few turnkey providers and really see if they fit my investment criteria, communication style,etc. Is there a company out there that works with the investor from start to finish?  

I've been looking into the Holton-Wise way of doing things as an OOS investor in Cleveland and I have to say it is quite attractive.

I would rather sacrifice some cash flow now as a high income earner then to deal with being a landlord and the nuances that come with investing out of state. 

Anybody have opinions on either market for a newb OOS investor?

Quote from @Nicholas L.:

@Dylan H.

I'm confused, are you asking about lending options?  Or just different options in general - e.g. flipping vs. buy and hold vs. being a private money lender?

Do you own a primary now?  Have you talked to a lender?  What are your goals?

I dont own a primary - Talked to Wells Fargo a few months ago - Goals are just to cashflow and build a portfolio to supplement income and retire early