All Forum Posts by: Jason Taliaferro

I should say it can exist which is like a "duh" answer. When you purchased the house it was a seller's market. It is likely that you wouldn't have gotten the deal at all at the price you needed to make the 70% rule work. If you are a rehabber and this is your business meaning you pay your bills by flipping houses,  then yes the 70% rule is dead because it is still true that you make money when you buy. And you will not find many deals in a market as we had 7 months ago. Now that is changing and you can find people who will take less as their property sits on the market. So in short it is a case-by-case scenario. I use a calculator that lets me know how much money I will make and decide the deal from there. I always factor in contingencies for what I do not know. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $248,000
Cash invested: $20,000

Single-family home that just needed cosmetic updating. Located in an excellent area for rentals.

What made you interested in investing in this type of deal?

Solid well maintained home that only needed updating. also cash flow is excellent.

My apologies for my late reply @Umar Farooq yes you can get a 4plex with an FHA and You can buy vendee properties as an investor I am not sure about the LLC.

@Ben Morand Tons of good information already posted. House hacking may be your best bet. HML can be brutal and BRRRs do come with risk mostly around the refinance. If your exit strategy does not work then things will fall apart really quickly. If you house hack the barrier to entry is low and a 30-year mortgage is very forgiving. Best of luck and the biggest risk is not starting at all as you will learn so much by doing that will carry over to new deals.

38 4 SFH fully rented 1 flip 1 fix and hold. Under contract for 1 SFH.

Honestly IMHO the moisture does not look that bad. It appears to an unfinished basement which means there isn't much to damage. You could try some Drylock Extreme. I have had good results on way more moisture than that. 

Hi @Ines Eden. Welcome. Baltimore is extremely diverse. I love it for that there is something for every investor. @Sam Lewis was right with the rent ranges. If you are looking to get a below-market property like a rehab or auction property you may get a slightly better return. Baltimore is a block by block city so if you have a chance drive around.

Hello @Ryan Ebert I am a real estate agent in MD. I have done flips and buy and holds in Baltimore. I'd love to connect.

@Tadela Tedemet Welcome. I am a real estate agent in Maryland and invest in the Baltimore area also. There are a lot of investors to connect with on BP from Baltimore. Feel free to reach out if I can help in any way.