All Forum Posts by: Paolo Nascimbeni
Paolo Nascimbeni has started 6 posts and replied 37 times.
Post: New Member from Rockville, Maryland

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
Originally posted by @Sam Lin:
@Paolo Nascimbeni Welcome Paolo! Any specific reason why you're moving away from single family homes?
Well I bought an office in a condominium - The tenant decided to stay and I really like the fact that the condo takes care of the outside and all I have to take care is the bathroom ( there is no kitchen ) - So unless the toilet breaks it is maintenance free. On the low side however if I loose the tenant it might take a very long time to rent again.
Post: New Member from Rockville, Maryland

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
Thanks !
I think Costar is even more expensive than Loopnet.
I thought of getting a CCIM designation but what stopped me is that I would need 20 deals or so in Commercial to become CCIM certfied ( at least that is what I read 1 year ago ) - Anyway I will keep on investigating on search for commercial properties.
Post: New Member from Rockville, Maryland

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
Hi I am a new member from Rockville MD. I have been investing in single family homes but I think it is time I switch to something else. I also am a realtor so I have been looking on MRIS for commercial properties but they do not offer much. Also I would like to look on loopnet but their monthly fee sees to be $250 a month just to browse. Is there any other way to search for commercial properties ? Anything here in BiggerPockets ?
Post: Land equity?

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
PS If you search for "raw land loan" you should be able to find some info.
Post: Land equity?

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
As far as I know they do not give home equity lines even on fully build homes unless it is your primary residence. I did manage to buy in cash however ( using my home equity line ) and then was able to refinance after the property was fixed up to lender standards. When I asked maybe 10 years ago they would give a mortgage on a land as long as we had a plan to build a house within a year with an approved contractor but I am not sure the guideline are still the same.
Post: Have applicants/renters run their own credit reports?

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
Recently I had applicant showing me their Credit Karma Free credit report. I think that is quite acceptable as a pre screening. I would screen myself however the selected choice.
Post: Gaithersburg, MD Meeting?

- Realtor
- Derwood, MD
- Posts 38
- Votes 4
I just joined BP and just found this. I too am interested in having a MoCo meeting.