All Forum Posts by: Mike Fiorese

Hi @Carmelo Alba - I would suggest going to REI meetings to meet other investors face to face, get in touch with wholesalers in your target area and let them know your buying criteria/strategy.

 @Justin Pierce, I will PM you my email. looking forward to attending the next meeting.

@Jessica Swingle and @Elizabeth Nourse, thanks for your help!

Hi @Justin Pierce@Elizabeth Nourse

I am interested in attending the CapitalREI monthly meetings, where can I find a schedule of the upcoming events?  I looked on meetup.com and cannot find the group on there. Thanks!

rentometer.com will give you a ballpark for the area.  I would use multiple sources; realtors, craigslist, prop mgmt.

@Mark Campo 

This is a very specific question, it all depends on your DTI ratio. Most lenders will not count your rental as a source of income unless it has been rented for 2 years and you can prove it on your W2's. Call around to local lenders any get an idea of what you would need to do to qualify. Small residential banks often times are more lenient than big banks.

@Tony Sepassi 

You may be able to find something off H street in SE. It is going through a transformation and values are still relatively low. 5-10 years down the road it will be a completely different area. 

@Ryan F. There are people that would not like that open concept style.  In my opinion, there is less people that would be turned away from a conventional 1 bdrm.  

Depending on your time frame you can post 2 dummy ads on craigslist for a similar location and gauge the interest of each. You will find your rental price point as well.

I'd like to follow up on this thread, currently I am in the market for a good PM in Baltimore City.

@Lisa Phillips  How is your PM company so far?

@Account Closed Did you go with Premier?  How do you like them?

@Alan Charles They may have some tax relief programs in your city. Baltimore has these types of programs but many are for owner occupied homes.  Read the guidelines carefully before you apply. 

RSVP'd last night, can't wait to attend my first meeting : )