All Forum Posts by: Nick H.

 Thanks for the feedback I thought 12 was good didnt know it was kind of high 

I am currently in Baltimore I got a job offer down in Broward County. Making about 19K more base salary so my W2 income would spike nicely. I am about to finish my first BRRR deal (actually got the appraisal done today) . The house I just finished was all in 77k plus 4K in closing rent is $1500/month. The lender loaned me the 75k at 12% with no points and even loaned me the extra 2 when I went over the original 75k budget. The lender said I could start looking for my next house so I would have another around 80k at 12% no points and no monthly payments to work with for at least the next year or so maybe longer. My delima is I found a private money lender here in Baltimore that works for my situation I'm 25 don't have much work history or experience as an investor (one brrrr deal under my belt). I would like to continue Investing, but unsure if I take the job where I would like to live that it wouldn't actually some what cripple my investing career. Can I find money and deals in that price range down in the Broward County / Miami Dade area?

My message got messed up, but check out the ”Baltimore Reia” they are having a class on wholesaling it does cost money though, but it might be just what you need to get started wholesaling. You may be able to find a way to become a value add to one of the teachers in exchange for one on one coaching. They also have a mentoring program called the inner-circle, but that cost as well. They have meetings through out the month that you can check out for no entry fee if you print out the free pass from their website. If you are interested I would recommend checking out the “main event” they will be talking about wholesaling, you can see if the class is right for you, and if it’s not your still at a great place to meet people and learn about the Baltimore market.

Class:

http://www.baltimorereia.com/wholesaling-for-fast-cash/

Meeting Schedule:

http://www.baltimorereia.com/our-ev

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http://www.baltimorereia.com/our-events/-events/

- Nick

To help with your search use rentometer to get an estimate of what kind of rents you can expect. Section 8 generally goes a mile out to find comprable rents then they use the market rates to come up with what they will offer you for rent.  And your actually wrong they will give you more money for amenities for example if I we have two houses that are next to each other and money has ceiling fans and air conditioning all other things being equal I will most likley get a higher rent offer. If you want I can send you some picks of unit I just rented that I had to fight to get listed as good and not average. A good is going to get a higher rent offer than an average unit so don’t think how’ve you’re house look so doesnt matter 

The Baltimore Reia is really good they have a main event meeting in Towson the third Thursday of every month might be worth a trip out there to check it out. I find great value and motivation from going to the meetings

YOU SHOULD COME CHECK OUT THE SAVY WOMENS INVESTOR MEETING TOMORROW. THE PERSON WHO IS IN CHARGE OF THE CLASS IS A BIG TIME BUY AND HOLD GAL HERSELF WITH OVER 100 RENTAL PROPERTIES.

WELL CONGATS. THAT'S GREAT YOU STUCK WITH THE CHALLENGE AND MODIFIED IT INSTEAD OF GIVING UP

we cover cable, WiFi, and utilities. We market on Craigslist etc. it’s not bad when you get the tenants in as long as they are paying. You will have to deal with a lot of calls etc this is not really passive income it takes a lot more hands on management then say a sfr also I don’t know of any property managers who mange rooming houses. That all being said there is money in rooming houses, but it does come with it’s own set of headaches.