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Updated over 1 year ago on . Most recent reply

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10
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Lindsay Schwebke
  • Sandia Park, NM
1
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10
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Looking for a buyer for my rental property in Baltimore

Lindsay Schwebke
  • Sandia Park, NM
Posted

I bought a turnkey property from CR Maryland in Baltimore at 455 N Robinson. I have it listed with an agent on Zillow for $170k. It rented for $1650 and is renovated. It's not currently rented right now as I hope to sell. I want to sell for cash, so I can close my LLC and only have local rentals. My mortgage is $156k and I have to pay my Realtor commissions, that's my bottom. I am ready to sell - pictures are on Zillow. Maybe there is a buyer here and someone else will carry the note for them? I am worried the note will be called if I do a sub to.

And worst case, maybe someone can recommend a good property manager in Baltimore if I can't get it sold.  Thanks.

Offering
Baltimore, Maryland

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1,614
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Ozzy Sirimsi
  • Real Estate Agent
  • Baltimore, MD
775
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1,614
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Ozzy Sirimsi
  • Real Estate Agent
  • Baltimore, MD
Replied
Quote from @Lindsay Schwebke:

I bought a turnkey property from CR Maryland in Baltimore at 455 N Robinson. I have it listed with an agent on Zillow for $170k. It rented for $1650 and is renovated. It's not currently rented right now as I hope to sell. I want to sell for cash, so I can close my LLC and only have local rentals. My mortgage is $156k and I have to pay my Realtor commissions, that's my bottom. I am ready to sell - pictures are on Zillow. Maybe there is a buyer here and someone else will carry the note for them? I am worried the note will be called if I do a sub to.

And worst case, maybe someone can recommend a good property manager in Baltimore if I can't get it sold.  Thanks.


 Unfortunately this is what CR of Maryland does, they over charge for properties, then a year later they dont perform well. For 170K , you should have been in a better area when selling would not be an issue and have better tenants. 

Sub to is a very common thing, I dont think it will be called and it will be very hard to sell it for that price with 8% internet rate.

  • Ozzy Sirimsi

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