All Forum Posts by: Michael Sack
Michael Sack has started 2 posts and replied 5 times.
Post: Has anyone used Hemlane Property Management before?
- Baltimore, MD
- Posts 5
- Votes 4
Thoughts? Thanks! https://www.hemlane.com/
Post: Are Baltimore County BRRR deals a thing of the past?
- Baltimore, MD
- Posts 5
- Votes 4
Just my 2 cents, but I think the opportunity is still there. I did a deal in Dundalk in 2021 and got all capital out plus an extra 30k on top of that. It was an estate sale though, so got a great deal. Bought for 75 and it appraised for 200 after only about 30k of work. Haven't seen any deals like that on the MLS though. You need an estate sale or need to get lucky at an auction.
Post: Looking for a property manager for a Baltimore property
- Baltimore, MD
- Posts 5
- Votes 4
If you're still looking, I use Sean at Blue Phoenix Property Management. Checks all the boxes you have and is decently priced. My only complaint would be he can seem to be a bit soft on tenants when it comes to enforcing rules but other than that he's been a good partner so far.
Post: What are the best lending numbers you have seen 2022?
- Baltimore, MD
- Posts 5
- Votes 4
I would agree with Scott. I just locked down a Flip in Bmore and am getting 9.75% and 1.5 pts at 90% LTV and 100% rehab covered.
Post: Looking for a recommendation of an electrician in Baltimore
- Baltimore, MD
- Posts 5
- Votes 4
Hello! My team and I just closed on a new flip project in Baltimore. Does anyone have an electrician they love that would want to bid on our project? Thanks in advance!