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Updated about 10 years ago, 11/21/2014

Account Closed
  • Investor
  • Baltimore, MD
687
Votes |
1,368
Posts

Lemonade from a lemos

Account Closed
  • Investor
  • Baltimore, MD
Posted
Have a monster 3500 sq ft house that i acquired to chop up into apartments a long time ago. City told me to forget it ( this deal was what was known as learning the hard way) bought it early enough that relative to now i severely overpaid for it. Ive been renting it, and doing consistent amounts of repairs for a break even property. Rent 2k. Total nut around that causing break even situation. Overall, a massive unnecessary headache that cant be sold....well, ive just successfully rented 8 bedrooms at between 6-7 hundred a month. After management, paying bge, water, cable. Im now getting 4k a month, will never have months without rent to some degree, and have now a positive cash flow of approaching 2k a month on this lemon

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