All Forum Posts by: Eric H.
Eric H. has started 35 posts and replied 553 times.
Post: Is it legal to deny tenant for lack of rental history??
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
Great morning BP Fam,
Is it legal to deny tenant for lack of rental history?? I'm in Baltimore, MD
Post: Take $$ out of solo 401k
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
@Robyn Gersh Greetings,
Check with your custodian. That company should be able to provide you with accurate information on the what and how to do it properly.
Post: How to Obtain Courthouse Lists in Baltimore?
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
Greetings @Connor Corkrin,
Try the Daily Record......
https://thedailyrecord.com/
Post: To rent to own or not?
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
@Sandy Sciales Greetings,
Why not both? Whichever one comes through first, go with that. What is your ultimate goal with this property?
Post: Wholesaling: Bidding Lower than the amount of Equity in a home
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
@William Laranga Greetings,
The scenario you presented is what is called a short sale. Most short sales have to be negotiated by professionals (i.e. real estate salesperson/broker). Contact a realtor in your area that specializes in short sales to see if they can help you with the deal.
Post: How Old is Too Old?
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
Greetings @Chris Webb,
The issue I see with older housing stock is outdated mechanicals and older 'bones' (structure, framing, foundation) and as we know father time is undefeated. In Baltimore where I invest, most of the housing stock is older. My primary residence was built in the 50s. Most of my investment properties were built before that, most in the 20s. One of the major issues that occurs in older homes in Baltimore is the presence of lead paint. Making a home completely lead free will cost you more money than doing the bare minimum to pass inspection or just to get a lead certificate. If you are planning to upgrade/renovate most if not the entire property then age should not worry you. If you are planning to do cosmetic repairs be sure to inspect major items that will become capital expenditures down the road to get a gauge on where they are in their life cycle. Keep extra, extra money in reserves when dealing with older housing stock especially when you are not planning to update significantly before renting.
Post: Rental payment history
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
Greetings @Katherine T.,
I believe Cozy reports to Experian. I don't personally use Cozy but I have heard from fellow investors that they are happy with it.
I wish you the best! Peace!
Post: How to get legal Wholesale contracts and proper wording
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
Post: Baltimore City Ejectment Lawyer
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
Originally posted by @Ned Carey:
@Pablo Simmonds no, you are fortunate that they are squatters. Otherwise you could be in a catch 22, where you can't evict because you don't have a lead certificate, but you can't get a lead certificate without the tenants cooperation.
So what do you do in this case?
Post: Going to finally put this account to use!
- Real Estate Solutions Provider
- Baltimore, MD
- Posts 570
- Votes 452
@Brandon Lee Welcome to BP!!
What kind of engineer are you?