All Forum Posts by: Account Closed

@Walt Payne  do you have a name of a a/c alarm system?

@Ned Carey  Ashland Auction Group

thanks @Christina R. 

Thanks! @Christina R.  I've been to 1 other auction before. I walked around and inspected the property and listened to other investors like you said. Quite interesting. I didn't even bid at that auction because like you said the bidding price jumped up quite quickly. It sold for somewhere between 80 and 90k and was over in about 10 to 15 minutes. This auction should be over much quicker since I highly doubt the price will go that high due to the neighborhood. I'll see what happens!

@Tyrus Shivers  I would like to do section 8. I'm planning on hopefully being able to do a walk thru before the auction so I can get a good idea of all the work needed. Was the 10 to 15 k you mentioned general contractor pricing? Do you think sec 8 renters would move into that neighborhood? If they do, I'm a little concerned about the type of tenant that might move in in that neighborhood. Either way, I think the auction will be a learning experience.

 Well I plan in going to an auction for 2 houses in that neighborhood. If the property is in a decent condition, I plan on hopefully purchasing 1 of the properties for around $10,000. I plan in having a property manager. I'm hoping to see that the home doesn't need more than 10 to 15k work since the home values seem to be around 30k. On rentometer, the rents range from 750 to over $1,000. The majority seem to rent in the $950 range. 2 houses on the block I'm interested in rent for $1200 and are  3 bedrooms like the homes I'm looking at. @Tyrus Shivers 

This is particularly directed to Lanlords that invest in Baltimore in lower income / section 8 rentals.

To all my Baltimore investors, would you invest in the Sandtown Winchester neighborhood in Baltimore City?

Okay thanks! @Scott C.  and @Nicole A. 

@Nancy Roth  How did you go about finding and purchasing your vacant homes? Have you found many that didn't need a ton of work, like a complete rehab?