All Forum Posts by: Brandon Huggins

@Bill Gulley and @David T. thanks for your reply. I don't have much more info on the houses beyond they are SEVERELY BURNED. I am too surprised that the insurance company(ies) haven't taken care of things. Maybe the mortgage holder is looking to make the sale before repairs are solidified.

No doubt at least two of the houses need full restoration or new build. Maybe I should try this bringing the homes to the attention of building regs. I'm interested in looking into it further. I'll keep you posted with any new info.

Hey BP Gurus. There are about 4 townhouses that were burned down in 2011 in my neighborhood. The current list price on those burned shells is ~$165k. Get the heck outta here on that but does anyone have any advice on this type of rehab? Recent sales on comparable are in the high 160s. Considering the property(ies) need a full gut job what kind of offer should I put in?

Roger,

The first meeting was indeed a success. I'm glad I was able to attend. You've assembled a group of bright people who are living this real estate investing. If you do start the FB Group for the attendees let us know. I look forward to working with you all in the nearer future.

I'm looking forward to tonight's meeting. See you all there.

@Ned Carey you are the man sir! I'll be sure to add these title contacts to my list of must-haves on my team. I might start calling you Sir Baltimore.

@Terry Royce

Do you mind if I email you as well? I'm looking to make some purchases in West Baltimore as well. I'm curious as to what constitutes a "good deal" in the area. Have a good week.

@Gary Miller it sounds like a deal to me. I'm a beginner still in the planning stages getting qualified for funding. A purchase price of $70k and rental at $1400/mo you're definitely meeting the 2% rule which I find difficult to realize. While you're living in it you may as well rent by the slice (per room) and get close to if not more than the $1400/mo. In time I believe more qualified investors will chime in. I hope everything goes well for you.

-Brandon

I emailed you in regards to the meeting on 11/20. I hope to hear from you soon.

-Brandon

Greetings BiggerPockets REIs,

I'm definitely interested in meeting up. I see there will be a meeting on the 20th but I'd be unable to make that. Saturday morning's work for me. Please let me know what the decision is. I look forward to meeting with you all and pursuing our goals.

-Brandon

Thanks @Paul Timmins.

I've gone through the Free Beginner's Guide and it has great information. I know I want my niche to be buy-and-hold rentals. Your advice on joining local REIAs is greatly appreciated. Looking into that today. Thanks again Paul.