All Forum Posts by: Scott Karg
Scott Karg has started 6 posts and replied 70 times.
Post: RE Licensing School Exam: Pass or Fail?

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
I just recently passed my test.
Mine was a PSI exam. I passed the national portion, but failed the state portion by 2 questions. So did many others I know.
I knew the material and studied well, but some questioned seemed to be from out of the blue.
I also blew threw the tests, both times.
Post: Greetings from Taneytown, MD.

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Welcome aboard! I invest in Baltimore, as do a group of good, honest people that I deal with.
If you ever want to grab lunch sometime, let me know!
Post: What is the best tenant screening service?

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Originally posted by Joshua Dorkin:
We had the opportunity to look at many other businesses and choose to work with them because we felt that they had a superior product that was reasonably priced, secure, and easy to use.
We've gotten great feedback so far from those people who have used it.
Just wanted to make sure I gave it a plug here . . .
Josh, it seems an email is required for the renters to start an application? What if they don't have one?
Post: I won a castle in Pennsylavania anyone know a hard money lender for here?

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Originally posted by J Scott:
Also, if you were the high bidder at an auction for $240K, I think it's VERY safe to say it's not worth more than $1M... :D
It's probably hard to get a loan on perceived MLM income...this story is fishy IMO.
Post: How do you feel about using a hard money loan for your investment?

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
I will only buy something if it cash flows at $300 a mont, on hard money.
I am fortunate to have 2 flexible lenders.
One has a rate of 13/3 for 6 months with 6 month extension at 1 point.
The other is 5/15 and typically does a 12 month, and you can extend for 12 months for 5 points :wowo:
BUT if you talk with your lenders they can be reasonable. I am talking with the 13/3 guy about doing longer terms like 12 or 18 months.
The 5/15 guy just did one for me at 12.5% and 18 months. I place a lot of his properties with voucher tenants through my tenant placement business, and I in turn give him a good deal.
Talk to your lenders, you never know.
I started this business last year, and we purchased a business for my wife 3 years ago, so our refi situation is a bit sketchy. Once we have 2010 and 2011 tax forms we should be able to refi the properties we have bought so far.
Post: trouble getting tenants?

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Wow, I love my Baltimore sx8 rents. I just rented a 2br that I have $22,400 in to a sx8 tenant and am getting $1042 a month.
My prior deal I have $62K in it and am getting $1507 a month(4br).
To the OP, have you considered using tenant placement? I own and run a tenant placement company in Baltimore, I let my landlord clients know what they need to pass a sx8 inspection as part of my process.
Maybe you could contact a company in your area?
Post: RE Agent Investor

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Just finished my class. I find the pros far outweigh the cons, it will put more money in my pocket, bottom line.
Post: Guess Who..............

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Just finished my real estate school, my state exam is 4/6!
Post: Laminate flooring in kitchen...yes or no?

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
Check out Trafficmaster Allure. I've been using it lately, very simple install, waterproof, and looks better than laminate too.
Post: 3 No Shows in One Day

- Real Estate Investor
- Jarrettsville, MD
- Posts 76
- Votes 12
I do tenant placement, and the majority of my tenants are from sx8 or other programs.
I have at least a 50% no show rate. My wife always asks if it drives me crazy, and I tell her no, it is part of my business.
I do schedule multiple, simultaneous showing appointments though, seems to create excitement and saves me from wasting time.