5001 Govane Ave Baltimore MD 21212

[Anil Samuel]

Investment Info:

Single-family residence buy & hold investment in Govans.

Purchase price: $70,000

Purchase a turnkey rental from a well known large real estate investor in the Baltimore metro area

What made you interested in investing in this type of deal?

Seller financing and used other financing for 100% financing.

How did you find this deal and how did you negotiate it?

A friend told me about it then I talked directly to the seller

How did you finance this deal?

Seller Financing

How did you add value to the deal?

I had to make a few updates for it to pass section 8 inspection.

What was the outcome?

It is currently rented out to a section 8 tenant.

Lessons learned? Challenges?

It can take ALOT longer to pass a section 8 inspection that you realize. I closed and it took me, 5 and half months to get my first section 8 rent payment. That was with have to spend at least $1-2k in repairs.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Lender, title company.