All Forum Posts by: Jamal Okon

I know some contractors, I will dig through my roledex.  I am looking for partners in the Baltimore area as well.  I was born and raised there, so I am very familiar with the city and county.

Look on Loopnet.com to start.  They have plenty of listings.  I hope that helps.

I'd say go ahead and get property management.  It can only help... You can act as if you are just another tenant which will make you privy to conversations you may not otherwise hear.  Another benefit is you will be meeting and seeing the REAL tenant, not just their representative.  Also, you need to learn to deal with management companies in this game sooner or later, so starting early is great.  Lastly, you can avoid all the sob stories about why the rent is late or missing.  Blame their evictions and court appearances on the manager and that heartless "Owner".

Read a lot of books and save a lot of money.  You might want to start with Commercial Real Estate 101 by Donald Trump and Dave Lindahl, and $50k.

The most important askects of multifam is Cap Rate, NOI, Cash on Cash, and Debt (Service) Coverage Ratio.

Depending on size, start with Loopnet.com to search for deals              

@Leslie Pappas Do you prepare the syndication paperwork? I have a growing group of private investors.

Left out Pittsburg, PA and Baltimore, MD.  It was otherwise the same as other places.  It is not a comprehensive listing by any means.

You should definitely raise her rents to market rent, then pay her the $100-200 per month for her negotiated and documented duties.  The rationale: Your rental history is an asset in sale, refinance, and valuation of your property.  Always try to keep it at market levels.

Thanks for the comment.  I actually do understand the difference, but want to have our folks put the properties in land trusts as a piece of the overall estate planning to avoid probate, etc.

Does anyone know of any attorneys in Maryland that understand land trusts? We are preparing some estate planning for our parents' property in both MD and DC.