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All Forum Posts by: Tyrone Marson

Tyrone Marson has started 40 posts and replied 216 times.

Post: Bought my first rental property!

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Ken Swearengen what is the ARV on the property?

Post: Diary of my 1st Rehab Buy-and-Hold in Baltimore City

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Julie Hassett this is awesome! I loved the fact that you gave a run down of your project from start to end. I had a property under contract just last week in Belair-Edison, but I walked away from it after the inspection and contractor walkthrough. It was just not worth it, I am currently still in the market to secure my first investment property.

Post: Baltimore Rental Property Investing

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Jeffrey H. Through which auction house?

Post: Guidance on Baltimore Area

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Art Perkitny which of the header description should be selected on the map to see this info? I have been using the map to see median household income, unemployment rate, poverty rate and major developments in areas. But I never saw this risk factor map.

Post: $175 cash flow but CoC 3% - Would you buy?

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Charlie Anne your realtor is focusing on their commission. You need to have concrete comp, so realtor needs to show how they arrived at that ARV.

Post: $175 cash flow but CoC 3% - Would you buy?

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Charlie Anne you are all in at 90% of ARV.. not a good deal.

Post: Licensed general contractor in Baltimore City

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

I am looking for a licensed contractor in Baltimore City to provide me with a repair/rehab bid for a single family home I have under contract. Any recommendations?

Post: Due diligence on property under contract

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

Completed due diligence on rental property I have under contract. Outside the main column support has a huge crack, so much that the current owner has four metal braces to keep it from shifting, basement subfloor is caving in and the furnace is not working. How much can a foundation issue cost to fix?

Post: Rental property management

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Michael Kissi thank you. Will definitely make a list. Currently reading the BiggerPockets book on managing rental properties.

Post: Rental property management

Tyrone MarsonPosted
  • Rental Property Investor
  • Baltimore, MD
  • Posts 223
  • Votes 89

@Todd Pultz great insight and I definitely will take these points into consideration. Thanks for your feedback.