All Forum Posts by: Andraise Scott

Welcome Michael!  Great to have another Marylander aboard.  Great way to start with the podcasts and forum fishing.  Lots of great info and people to connect with.  Good luck!

@Sam Leon I don't think you can easily tell, as a "non-biker", who may be one of the good ones and who may be one of the rare bad ones.  I think @Marcia Maynard has a very good idea though of "just ask" some questions to get more info and a feel for it.  You could say that you have a relative (uncle, brother) who rides and just make light conversation about it and see what comes out. There are many "bikers" who go all out with the bad-boy biker image who are just big teddy bears.  Once again, I would strongly just point out the noise ordinances.  Even bikes with "loud" pipes can be non disturbing if the rider takes care to slowly cruise in and out of the neighborhood.  The smoking for me though would be a definite disqualifier.  As I said in my previous post, even if they only smoked outside, that smell always follows them back in and gets in their clothes and everything else.  But, as @James Wise said, you don't have to rent to him at all if you're no comfortable with any of those reasons.  Good luck and please keep us updated on your decision.

Thank you @Mark Sidorczuk and @Sandra Holt .  I have heard of all but one of those.  I just wanted to be sure I wasn't missing any.  I will look into the Traction group as well.  Hadn't heard of that one.  Thanks guys!

Hi @Mark Sidorczuk ,  can you post those groups please?  I'm not sure I know about them myself.  Most appreciated if you would!

Welcome to BP Sandra!  I'm basically next door in Laurel and I shop the Columbia area as well.  Good luck with your search for 2015 and please do reach out if you need.

Thoroughly vet him as you would any other potential tenant. Point out and explain the noise ordinances and even add an addendum to the lease regarding it if your state allows. The smoking is a whole different story in my book. I know of people who only smoke outside but their place still smells of smoke because it's all in their hair and clothes anyway. But, as a biker, with more than one bike even, I'm a bit put off that some of you would not rent to bikers, just because... Good luck with your tenant search though.

Hello Kenny,

I am in that area and used to live in CP as well. CP and Beltville are part of my target area as well. Are you thinking about a college student rental? Or, just regular SFH's?

Welcome to BP Joe!  There is a wealth of information here.  Read as much of the forum posts as you can and I would highly recommend the podcasts.  I would suggest starting from the first one and listening in order if you can.  Good luck on your journey!  Maybe I'll see you around the neighborhood.

@Jon Holdman you may have missed the part where I'm paying off the existing loan balance in full with my own cash shortly after bringing the delinquent $22K current.  Once it's totally paid, by me, and the deed is transferred to me, I then want to do a cash out mortgage to get my cash back for other use.  Make sense?  Or, no?

@Steve Babiak if a QC deed is not right for this transaction what would be? I'm still trying to figure this all out.  Thank you guys for your feedback!

Thanks @Steve Babiak , @Jon Holdman and @Andrew Bosworth for the feedback.  I'm hoping my situation is considered differently so that I can continue with this deal without a problem.  Please tell me your thoughts on this:  My home owner previously had great credit but got laid off.  She got behind on her mortgage but has since found new employment and totally able to cover the payment.  But, of course, the mortgage company wouldn't accept partial payments for her to get caught up and she was unable to come up with the growing 22K to bring her current.  She went through every process trying to avoid foreclosure to no avail.  She was at the eleventh hour of foreclosure about to begin when I stepped in.  We inquired with the bank to see if I could assume the loan and they declined.  Basically, our agreement was that I would bring the account current and then purchase it from her (and QQ the deed) for the current balance of the loan (about 66k) cash.  She could then remain there as a tenant paying a little less than she was paying before on the mortgage.  Prop is worth about 110K.

She gets to stay avoiding eviction, avoid a foreclosure on her record and avoid having to pay back the 22K but, she no longer will own the property.  I am looking for hold and cash flowing properties so I'm not trying to sell it to someone else right away.  My plan though would be to do a cash out mortgage on it after that to get my cash back in hand to use for other deals.

Do I have a problem with this?