All Forum Posts by: Aaron M.

@Ken Nyczaj Congrats! Looks great.

@Amber Saunders your question makes me wonder, are some title companies less friendly to investors?

Excellent discussion on this thread.  @Clarice Kelly,thanks for getting it started with your question. 

@Alex Olson @Kenneth Garrett @Karl B., thanks for sharing your insights.

@Kenneth Garrett Was just listening to a Q&A with another investor and he essentially advocated what you said . . . Make the credit score one factor of several. As they say, great minds . . .

@Paul Jelinek Hi Paul. Congrats on the deal and thanks for sharing. Am curious if the property is located in an opportunity zone and if so, did you consider taking advantage of those tax benefits.

@Sam Cimini Your describing your dilemma as having to choose between (a) a good tenant at less rent now vs. (b) getting higher rent later.  I don't think you really have an "either/or" problem; you have a opportunity to get exactly what you want:  a good tenant (based on your standards) at the rent amount you require to meet your financial objectives.  You have to test the market to be able to achieve both.  I suggest you work to rent now.  Trust and execute your process.  Best.

Yes, showing the unit is a little nerve racking at this current state. I keep going back and forth with either getting a good tenant now and taking a little less in rent or wait and try to get more. Waiting may cancel out the rent I could’ve got if I took a little less now. I do have the ability to wait till this blows over. I feel like it will be good practice to interview potential tenants in this time to see what’s out there, and get more experience.

@John Lynagh Thanks for the information about the reserve study legislation in MD. I'm also interested in investing in condos in MD. For reference, here is a blog by a law firm that focuses on MD condo matters. No endorsement; just sharing a resource I was able to find. https://www.marylandcondolaw.com/

@Ray Johnson Really appreciate your input Ray. An investor friend of mine told me property classes (A, B, C, D) are mainly applicable to commercial property and not so much residential. I take it you see that differently. Question: how does one determine the class of a residential property?

@Rauni Pacheli Rueda I'm in your region (Howard Co) and am thinking of making my first investment a condo also. Did you make a move yet? Am curious how it went for you.

@Ursula B. Hello. Just came across this discussion string from years ago. Curious if you are still positive on condos? Thinking of heading that way in MD for my first purchase as buy and hold. Thx. Would love to connect.