All Forum Posts by: Allie Dattilio

I would share it in the “I-81 Real Estate investors group” on Facebook. Might find some potential buyers there.

Mike Fitzgerald (just bought the old YMCA) might also be a good resource for you

 @Ron Brady -- what is your timing of notification for renewal for midterm leases? What is your standard early termination fee?

This doesn’t look like Hagerstown 

@Ruth Lyons moving forward we want to BRRRR. I would like to invest in the Hagerstown area to start because it's close and familiar for our first property, while we get the hang of the whole landlord thing.

@Ruth Lyons, it went well! Sold full asking price to friends before even listing. Closed during the middle of Covid Quarantine.

Purchased house for $125k, put $25k into, sold for $225k.

Now still waiting to purchase our first rental house. Would love to stay in Washington Co but feels impossible to find any deals right now. Considering investing long distance in NC currently. 

Hi! I’m beginning to look more into investing in Hancock and wanted to follow up on this thread — were you able to find a good property manager? How has your experience been in Hancock?

@Melanie Hartmann, curious as to why you decided against Cumberland?

@Benjamin Seibert, did you end up investing in Cumberland? Numbers look enticing (coming from Hagerstown, too)

@ruth lyons Interested to hear more thoughts about Hagerstown.

Resident of Hagerstown, about to sell our live in flip and deciding what/where to invest next. 

Hey friends! We bought our first home 5 years ago, slowly fixed it up and are ready to sell soon! We have about $100k equity in it, based on a recent appraisal. It is not yet on the market.

We found a home that I think could make another really great slow flip opportunity, but trying to figure out the logistics of buying/selling at the same time.

We would not qualify for financing to carry both mortgages simultaneously. If we make an offer contingent on selling, that the seller accepts (they are motivated so there’s a good chance!), Will the bank still factor in our current mortgage as existing debt?

Any other suggestions to make this work?

Current home worth $200k. We have $100k left on mortgage.

Would hope to get new house for about $325k.

Max qualification without current mortgage factored in — $375k.

Potential to house back/rent the basement for new home, too. Approx. $1k/monthly rent. Not sure if that can factor into things to help, also?

Thanks!