All Forum Posts by: Lauren Carey

Does anyone know of a good contractor/(s) that they'd like to share or would recommend within the Baltimore area? i.e great work, communicative, timely, knowledgeable and has reasonable pricing? Your feedback is greatly appreciated.

Thank you!

@April Kennedy thank you for the reply! I will be using a conventional loan with 5% down. As for the repairs I plan to make use of a HEFLOC on a rental unit  of mine that has a good amount of equity. 

@Courtney Rollins thanks for the suggestion that’s actually a great idea! I honestly would hope not to hold a home that long but, I know that things do not always go according to plan. As far as financing, I will be using HEFLOC :)

This will be my first flip and I’m wondering if 12k is enough to get started. I’d anticipate purchasing the fixer up for between 70-85k putting a financed 40-45k worth of renovations into it (ideally only cosmetic; flooring, knocking out walls for open concept kitchen, new windows, doors, bathroom update and possible addition of a bathroom, recessed lighting, minimal landscaping and hvac if necessary) in an effort to sell no less than 150k. Does this sound feasible Looking within the 21239/21206 area ? I’ve noticed that similarly renovated homes ie comps in the area have been selling very quickly between the range of 160-180k. Also, Have any of you local experienced flippers had any issues with selling homes in the winter in the Baltimore area? I anticipate higher holding costs but, would like to hear what your experiences have been. Any and all feedback is welcome.