All Forum Posts by: Joseph Brown

@Kyle Deutschmann Hi kyle i am an investor in Baltimore. I am finishing a property and would like to rent it out and refinance and repeat the process. I believe i was told financing in Baltimore can be a challenge. Do ypu jave any experience with financing in Baltimore?

@Sammy Lyon great job. You want to net 60000 per month net flow. I would think with 30 units the numbers would be better than that? No?

@Laurence Means hello. Are you still investing in Baltimore?

@Ozzy Sirimsi good job? A house around the corner went for 127000. I know it probably isnt close enough however i am one of only 3 houses on the block. The 2 houses next to me doesnt have the same layout. The one that sold for 127000 does. Can you tell me what bank u used. That would be very usefull info? Thanks in advance.

@Kyle Swarts after 6 months u should be able to refi no problem. I hope that property for 127000 helps my comps. Most would say it wont being that homes in my immediate area are going for much less.

@Kyle Swarts paid cash. My cash.

@Kyle Swarts i did the same in Baltimore. Purchased for 14000+35000 rehab. I am assuming i will have a hard time refinancing. The majority of the surrounding properties go 25000-60000. There is a renovated one identical to mine literally around the block that went for 127000. I am banking on Baltimore. It is a rough area however i am from Brooklyn NY. I grew up in a brownstone that my father purchased for 30k now worth 1.5 mil. There were abandons all over Bedford Stuyvesant. 75% of my block was abandoned. When everybody was losing there house during the crack era my father bought a house there. I purchased in Baltimore in Feb 2019. Been taking my time. Interesting enough Donald Trump called out Baltimore politicians for the conditions in Baltimore. Since then the Feds are in the process of assembling a task force in south west Baltimore to clean up the drugs and guns. This has me optimistic. For now my first choice is to rent to students and if that is unsuccessful i will go section 8. Looking to make 2100 off of 2 units. 4 bedroom apt and 1 bedroom basement apt to long term tennants. Looking to make 3900 to students. 6 rooms basement included. 1 share livingroom. Master suite has own 3/4 bath. Each room comes with wifi, small refrigerator, a bed, dresser and medicine cabinet. House include laundry room and shared kitchen. Any insight is appreciated especially if you took the time to read this long post.

@Frankie Betancourt there are so many haters out there. If u thought of it to ask the question then make it work. Use plastiq. Google it.

@Dennis M. How do u feel about baltimore?

I purchased this house cash and renovating out of pocket. No closing cost.  Again i paid 14000. 35000 renovation cost.