All Forum Posts by: Robert C.

Thank you @Cliff Stafford, I appreciate it. Will check them out.

Thank you both! I have spoken with Secu, the did not seem very investor friendly. Will try the other ones mentioned! 

Do you know of any that has no seasoning requirements?

Hi All, I am looking for recommendations for Investor friendly small local Banks or Credit Unions in the Baltimore area or surrounding parts. Do you know of any you'd be able to recommend?

Thanks in advance!

I also use Bay, but I've just started with them. What I like about them is that they have their processes defined and documented, and they're well established, even if a bit on the pricier end. I have switched to them from Port City. I've heard good things about East Coast, especially on the Section8 front.

Massive thanks @Russell Brazil for the feedback and for stepping through it. That's an interesting perspective as well, it has not occurred to me..

@Richard Mollel, that's a good tip, re alternate loan types for small loans! I'll have to think on that

@Nick Macklin, @Justin Lanciault & @Account Closed, thanks so much as well

Thank you so much for the feedback everyone, really helpful! So sounds like it's within the realm of normal. Posted the estimate above.

Hi, my lender is quoting 11.8k in closing costs on a 106k conventional loan for a property in Baltimore County. This is just for closing costs +  prepaids, excludes discount points. It seems insanely high. 

Does this sound normal?

Thank you in advance.

Thanks so much for the feedback! I did see some clever wall mount units that are pretty slim, I think those could be a good alternative too. I agree, running ductwork would definitely add to the cost. Most properties I'm seeing here have central heating, so thankfully ductwork should be covered for the most part.

Hi All, what are your thoughts on rentals in either City or County that have no Central AC? Targeting parts outside of the high crime areas. 

Quite a few of the properties I come across have no central AC, so curious if you find that they rent fairly easily, or if installing central AC is a prudent thing to do to get better tenants? 

I'm leaning towards the latter, just curious what others are seeing. Of course having central air would raise rents a bit.

Thanks!