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Updated over 4 years ago on . Most recent reply
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First flip under contract
The flip is in Baltimore. I’m still looking for a contractor and I could use some advice on navigating the entire process smoothly.
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Originally posted by @Mark Cruse:
Well if you see it that way good luck. I was trying to get a grasp of the situation and provide you with an idea of what you are up against. When you put anything out in any social media it may not be 100 percent of what you may want to hear every time. I won't provide any further insight or guidance unless you request aside from advising you to get with one of the Baltimore REIAs when you get here. Great resources and people with tons of experience.
I end up listing a flip or two per year from novice investors that get in over their head in Baltimore. MoCo, PG, DC, Anne Arundel are much more fogiving, and like youve alluded to, Baltimore will eat novices alive. Take a PG County property.....you can sell a PG County property no matter what, you just have to find the right price and it will move. Baltimore, thats just not the case. It can be the right price and take over 6 months to move still while that hard money is hanging over someones head. I always get tempted by Baltimore, but always come back to reality, stay in DC and its suburbs, its 1000 times less riskier than Baltimore.
- Russell Brazil
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