All Forum Posts by: Rob Gribben

2005 Honda Accord, paid my father cash for it 6 years ago, has 110,000 miles.  You can't beat the Japaneese cars for value IMO.  Just change the oil, add gas when needed, and your good for 200k miles easy.  

I use www.clearscreening.com, highly recommend them.

@Ned Carey, thanks Ned, appreciate that.

I'm interested in a property FSBO, so need an attorney who knows the process of writing a legal contract. Any recommendations are appreciated.

I have 3 rental properties in Baltimore.  I'm looking for a good general contractor to do maintenance and improvements.  Right now I have a storm door that needs replacing.  Any contacts you have are appreciated.  

@Rob Caldwell, yes, would be a purchase from a wholesaler.  I'll do some research on assignment contracts, I'm just not familiar.  I do have a lead on a RE attorney in MD that my brother in law uses, so sounds like that is step 1, find an attorney who knows the process.

My leases are such that after the 1 year lease term, the occupancy becomes month to month, with a requirement of 30 days notice if they plan to vacate.  I've never had any issues, and tenants like it, gives them a lot of flexibility.  I had one tenant on month to month who stayed for 3 years after the 1 year lease term was up.  

How does one go about making a contractual offer on wholesale properties? I've purchased rentals, but all have been listed on the MLS, so I had a buyers agent. I would assume that I would need a RE attorney to draft a contract/offer, correct? Does anybody have good recommendations for RE attorneys in Maryland?

Welcome Todd, GO RAVENS!!

If you have cash flowing properties you are paying taxes on that income, so I personally don't see a big tax advantage by owning real estate.  In fact, just the opposite, in years where your maintenance and improvement expenses are low, you get hammered come tax time!!