All Forum Posts by: Rich Baer

@Peter S.

Feel free to text or call me on Monday.

@Marissa Cowan

Why go to to time and expense to buy a left over tax lien for $2000. Its left over for a reason. Even if you found a decent structure its going to be in the worst part of town. You will have to put at least $30K into it. If you want to deal in junk in bad neighborhoods you should take an easier approach. Go to the MLS and buy a $30K house and put 2K into it. Same result.

@Ari Bachrach

$120 ground rent is redeemed for $2000.

$60 ground rent for $1000

Take the ground rent amount and divide by .06.

If the ground rent was created in the late1800's or before, the ground rent holder can charge a premium.

They have to sell the ground rent to you.

Really not a big deal.

Nobody cares when buying a property if it subject to a ground rent.

Relax. 

@Elliot Jones

I would look at the cost involved in making it lead free.,

@Neil Sullivan

A friend of mine has a real nice multi-family property in Baltimore City. If you or anyone else has an interest I will be glad to make the connection.

@Michael Malloy

You can draft a simple one or 2 page contract yourself. A sells to B for X. Buyer will give Seller $1000 deposit. As is. Seller pays all closing costs. Closing to occur by some date. Buyer to pay cash (or subject to financing). When you both sign simply give it to a title company. That's it.

@Trey McCoy

Invest in Buckhead my friend. I just bought a condo there and I am going to buy more. I flew down to check out the area and its like San Francisco price-wise. Quite a happening place.

@Elliot Jones

If lead free you are fine. If lead reduction (safe) certificate, every time you have a vacancy you need to have a certified lead inspector retest and give you a new certificate. The prior owner's certificates do not transfer to you. You have to have your own test performed and it has to be in your name. Feel free to call me to chat. Please investigate what you are stepping into.

Getting ready to market this property after I go into it this weekend, clean it out and put it on lockbox. It is believed to be in pretty good shape (bought it sight unseen) and it appears to have CAC. If anyone is interested in this and other properties please contact me as this won't last long. Call or text is the quickest way to reach me.

@Elliot Jones

1. Make sure it is lead free.

2. If it is not, make sure it is vacant.