All Forum Posts by: Agyei Axum

Hey BP,

Looking for someone to do a bid for a project 10min from downtown Baltimore. Needs to be licensed since it’s 203k. Any suggestions?

Thanks !

Hey BP ,

So this is my first 203k. I have a contractor going in for a cost estimate this week and have some questions.

- Since you have to be licensed to do 203k, can a contractor over estimate the work in their favor ? Should I get multiple estimates?

- What are some mistakes you made early in the 203k process?

- Is it true that we can’t live in rent until 100% of the work is complete ?

Any 203k tips are welcomed. Thanks in advance.

@Jeffrey Miller Thinking about Marble Hill in 2022. Have you reconsidered?

@Russell Brazil Thanks Russell , this is great advice. I appreciate your assistance over the years.

Hi BP,

So a friend and I are ready to pull the trigger on something. We are looking in the range of no more than $650k and are looking to find a solid first joint investment. We are currently in DC at the moment and are aware that since Covid the job market here has probably changed and will probably change for the future. A study ‘said’ that’s lots of people left the city probably due to the job market moving virtual and expensive housing. Regardless , we had always looked at DC as an equity play. Never really expecting to cash flow. Some would say this isn’t smart..but I can see both sides. We are also looking at multi family in Atlanta , Tampa, Dallas, and some other south Florida and Texas markets. The other option is off market…which we don’t have experience in but are willing to gain some and research. So all that to say , we’re kinda in crossroads now looking where to go. Do we grab a duplex in DC and bank on equity since we will probably break even or have to pay a little? Do we look and research off market DC and battle with cash investors ? Or do we look in Atlanta , South florida , texas markets? Which we are not really pinned to but are appealing to us. Hope this all makes sense. Thanks in advance .

@Briyana Hawkins still available ?

Hey all ,

What are some of your favorite markets in Maryland? I'm looking to house hack or Brrrr in either SE/NE DC or somewhere in PG County or Montgomery County. I know DC pretty well, born and raised...but MD not so much.

I have a couple cities in mind but want to hear your thoughts.

Thanks,

Hey BP,

So i’m still learning about this but what does it mean for investors and how can we take advantage of it from a real estate / stock investment perspective?

Do you recommend long distance BRRR for new investor? I will probably only find great BRRR deals in other markets. @Marc Winter

I heard NACA is crazzy but worth it. I have to look into breaking the lease. @Shadonna N. Thanks!