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All Forum Posts by: Patrick McGrath

Patrick McGrath has started 15 posts and replied 160 times.

Post: Right of Redemption ?

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

Post: Right of Redemption ?

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

Looking to for a better understanding of the right to redemption clause and who this had effected. Where it has ever worked out for the better or in the end the same tenant ends up being evicted down the road?

The right of redemption law in Maryland where I am states that the tenant has up until the eviction is actually taking place with the sheriff to pay.

I just had to deal with this yesterday. Has anyone else had to deal with this situation and what was the ultimate outcome down then road.

Thank you for sharing and I look for to everyone’s responses.

Post: What are the best kitchen renovation bangs for your buck?

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Seth Borman

Any recommendations on where to order the cabinet? Thank you

Post: Closed on my first property last week!

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Justin Wotring congratulations

Post: I just built a 36 unit apartment complex.

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@George Yu

What a inspiring story, thank you for sharing.

This is my plan as I live 1 hour from from Baltimore and a little more than that from Washington DC. We love the NEED vs WANT mentality of you plan and truly believe this in the path to helping others.

Post: What's your financial freedom #?

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Aaron Bonne

2 Year Goal = $6k/month

Currently - $2/k with 5 doors

3 Years - $9k/month leave w-2

5 Years - $20k/ month

Post: Creative Financing Strategy Advice

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Logan Jorns

Even if it’s not free and clear you can acquire through Lease purchase option.

Like a ballon you payoff at end of term.

Post: I Don't Know How to Make Offers Quickly

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Michael Temple

SWBC Mortgage - Traditional lending - I have completed 3 purchases and 3 refi’s with the same lender.

Post: Best thing you have learned about REI

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Cassie Geopfert

Welcome! I’ve learned that it is not as hard as you make it out to be in your head and your thoughts. Just take action, get your hands dirty and learn.

Post: I Don't Know How to Make Offers Quickly

Patrick McGrathPosted
  • Rental Property Investor
  • Westminster, MD
  • Posts 165
  • Votes 221

@Bryan Dumesnil

Pre-approval is easy and once you are approved you are good to go. I text my lender a address and purchase price and he sends me a letter in less than 15 minutes.

They are also offer investor loans where you can finance the rehab as well. 15% down on the total loan for SF homes.