All Forum Posts by: Reco Collins

Hello All!

I have a property under contract in Baltimore City that has approved plans (2016) and most of the work has been done but no inspections were conducted.

1. Do approved plans expire in Baltimore City?

2. If the plans don’t expire can I complete the renovation utilizing the existing plans or are new plans required.

Thanks

Reco

So a month ago I bid on a Homepath property which will come as no surprise it was a multiple offer situation. I resubmitted and increased my offer by $10k. I was rejected. About a week later I see that the property is back on the market so I resubmit this time $5k less than my last offer. Get rejected. I kicked myself for not bidding higher but figured it was sold at a price higher than I wanted to pay. Today I find out the property was sold $2,500 more than my offer. I'm really kicking myself now because I lost out on a nice flip over $2,500 but more so trying to be cute. Any suggestions for getting over these type of situations and not dwelling on it.

Elizabeth Nourse Good morning Liz - I hope this message finds you well. Are you still looking for help in Baltimore. Im a new investor and currently own a 2 buy and hold properties and would love to work alongside a seasoned RE professional. I look forward to learning more. Reco

Anyone?

Has anyone successfully converted a multi-unit property to a SFH in Baltimore City? If so what were the necessary permits required to make the conversion. Any tips for someone going through the process Thanks

Eliza Luna Congrats on your success thus far. What has been the term of your financing with Dominion? Are the points paid upfront or on the back end? Thanks

Have they giving you a timeframe of where they are in the underwriting process? Can you notify your lender of the new conditions of the extension and have them cover the cost since his seems to be a lender issue, this is assuming you got hem what was needed in a timely manner.

Hi Ned - Can you please send me a PM. I have tried to PM but it won't to go through. Thanks

Anthony Garcia would you be willing to sit down for coffee or a beer to chat about the Baltimore market?

New member from Baltimore.  Currently closing on my first investment property. This will be a buy and hold. My goal is to acquire another 2-3 cash flowing properties by year end in the Baltimore metro area. Currently looking for others in the Baltimore metro area willing to discuss strategy and/or partner. Reco