All Forum Posts by: Account Closed

Max out as long as cash flow remains strong enough. Borrowed money is tax free income because you have to return it. Even if you break even cash flow, you profited the surplus.

Multi family to live in baltimore = youre living in baltimore. Be careful what you wish for.

The darnell mcallister system? Step 1. Tell an idiot that you have a system to help them learn their market, ask for 3k upfront.

start eviction process as allowed by your lease. Youre welcome

Susan C. It is my only city, i do it because i know the city better than most that live in it, and i manage myself with a small staff. Taxes are high, but thats relative. 2.5 percent of 15k assessment vs 1 percent of 15k assessment = 375 vs 150 per year = small difference. Lead certs are annoying, but manageable if you know how to deal with it.

Answers in order:

1. Yes, with financing, im sure they can. 

2. Thats for you to answer,  but yes relative to just your concerns mentioned if thats it. 

3. Tons of them. Experience will teach you these

4. Pass, but if you want you can pay me something and i will teach you anything you want to know that i know about renting in baltimore, which is extensive. I own and manage a large rental portfolio and have for nearly a decade.  

P.s. Cool name. 

Perhaps narrow it down slightly? Internet isnt a bad place to start to look for prices on specific things. I like wood floors plus in glen burnie for flooring, other places are cheaper like people giving stuff away or unloading extra stuff on craigslist etc. Hopefully that helps. Start calling contractors, ask them questions.

1. Simple as this equation: acquisition+rehab+holding cost is less than net sale amount= deal. The closer the first side is to the second side, the more risk involved because the numbers are always subject to fluctuation. 2. Getting the experience and knowledge about all of the components of that equation= being competent.

For that kind of money the place should be nicer. Furnace looks small. good location, maybe youll get some appreciation. That 22-2400 number seems bloated. I have properties all over the city, remington the nicest, i get to 1400+ there, a 1000 jump for federal hill seems excessive. 

Here it is....straight with no chaser:

1. Anywhere and everywhere

2. You learn everything that contractors know, everything (painful, i know...but true) 

3. Anything you dont need to say. Say as little as possible, dont tell them what you will pay, let them tell you what they want. 

4. Low bid wins all other things being equal????