All Forum Posts by: Mike Goikhberg

    I am considering buying a property that was built as a two unit but is not zoned as such in baltimore CITY. I want to split the electrical. Is there any way for me to get a second meter there? Or perhaps wire two separate electrical panels to the same meter? Does anyone have experience doing this sort of thing?

 The problem with renting when it's not zoned is I won't have any recourse for failed rent payments

Hey people, a question to all experienced multifam investors in baltmiore CITY - 

I'm considering a property that's in overlea but unfortunately is right within the city line. It was actually built from the outset as a 2unit, but for some reason does not have multifamily zoning.  Anyone with experience rezoning to multifam in the city, how difficult do you think it would be for me to get this done? I've run into a situation before where one of the residents of a neighborhood in the COUNTY was vehemently against letting any conversions through. He was very active against any such hearings with some community coalition he had going on...

 Does that city tax rate vary somehow? I don't know why but I keep seeing calculations working out to it being 2.35 sometimes, other times i've seen it come up to 2.5. Am i just losing my mind here

@Vince Mayer where is the appreciation map on trulia? I haven't seen one there for appreciation

@Account Closed that's an interesting idea i've never considered, thanks 

Hey everyone - 

I've recently started getting into trying to implement lease options into my real estate game, and appreciation plays a significant role in structuring the #'s. I was wondering if anyone has any recommendations for good appreciation heat maps I could use? neighborhood scout has great granular break down and appreciation, but they charge 40/month just for 10 reports per month, which is super expensive if i'm going to be evaluating a bunch of properties. 

Any suggestions much appreeciated.

@Kyle Mack that's super successful man congrats. what kind of downpayment did the hard money guy require? Also, did you supply a SS fridge as well? And are those new floors or were there floors under the carpet? that's quite an amazing makeover for only 5700$. or maybe prices here in baltimore are just higher

yep they updated a couple months ago.  it really increased its versatility

hmm ok thanks for the input. i'll try to get in touch with a zoning officer as well n see what the outlook is

Anyone in @baltimore MD done any conversions of large SFR's into duplexes? I'm wondering how much rehab costs this would entail, and also how much of a hassle it is to deal with zoning regulations. For anyone who's local to the area, I'm specifically looking in the 21214 area, around harford rd, echodale, cold spring, hamilton, glenmore, etc.