All Forum Posts by: Nicole B.
Nicole B. has started 17 posts and replied 136 times.
Post: Looking for Realtor in MD or DE area
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Welcome! I'm sure you'll find everything you need here. :)
Post: Goal of 5K month - best way to proceed?
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Originally posted by @Odie Ayaga:
Just some alternative thoughts that you might lump under buy and hold but perhaps with less hassle: mobile home parks, storage units, graveyards
Interesting. Has any one ever come across a graveyard for sale??
Post: Goal of 5K month - best way to proceed?
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
The big question - is the $300k cash? If not, you'll have some more work to do!
Post: Looking for HML or PML in the MD area
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Originally posted by @Christopher Haynes:
@Kendra Rodwell I think that @Joe Norman is absolutely correct although I would say an AVR of 120k instead I’m only in my second year of full time investing but I noticed that “flips” between 40k and 70k do tend to sit longer my first two flips were like what youre trying to do and they took forever vs a flip that I’ve just completed I had interest even before the house was complex and that was at 137k. Also don’t limit yourself on the budget I’d say that’s one of the biggest things I regret in my first year. I paid a lot of cash on a lot of small deals ( purchase price 20k rehab 15k selling at 50k to 60k) but if I would have just learned to leverage sooner I could have made so much more . I’m in the same boat as you I’m looking for Hard money to better leverage deals as well as private money just make sure your not afraid of the deal and don’t limit yourself to much
Where was your 137k house? I'm about to list a flip right around that price. Just curious.
Post: Intro: Boulder,CO newbie ready to dive in !
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Welcome to BP! I don't know much about the CO market, but I'm based in Baltimore. We're heavy on the rentals, so if you're looking for some passive income, keep an eye on Bmore.
Post: Good home inspector in Baltimore?
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Reach out to David with Turn Key House Inspections.
Post: Looking for HML or PML in the MD area
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Check out Trius Lending Partners. Dave Bond is a great dude! You can tell him I sent ya.
Post: Hot rental areas in Baltimore
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Hi, Kyle!
If you go by @Ned Carey's advice, here's a screen shot of sales in that price range in the last 180 days. Next step would be to research rents in those areas. Sometimes, you can find multis, too. Goodluck!
Post: Property Taxes where you are or invest?
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
Originally posted by @Russell Brazil:
Originally posted by @Nicole B.:
I'm in Baltimore as well, and taxes are high, but housing prices are low. Rentals are in high demand and there are still plenty of distressed properties for flips. It's a city worth looking into. Just make sure you create an LLC in MD to purchase the property to save yourself the 7.5% transfer taxes.
No where in the state are transfer taxes that high, nor are LLCs exempt from transfer taxes?
I was talking about the non-resident sales tax when the property is eventually sold. That's a hefty fee if the owner is not a resident of MD!
Post: Property Taxes where you are or invest?
- Real Estate Agent
- Baltimore, MD
- Posts 142
- Votes 75
I'm in Baltimore as well, and taxes are high, but housing prices are low. Rentals are in high demand and there are still plenty of distressed properties for flips. It's a city worth looking into. Just make sure you create an LLC in MD to purchase the property to save yourself the 7.5% transfer taxes.