All Forum Posts by: Keith Belzner

Another thing to consider is are you allowed to pull permits if you are not going to live there. Im not sure if its country wide but i believe in Maryland you cannot pull permits unless it is going to be your residence. A homeowner  can pull them but as an investor who hires subs, unless you are licensed, you cannot get them. So for me it would make sense so that i am in control and i can get contractor pricing as a bonus. Q

@Sharita D.  Here is the link for it.

Maryland real estate investors

Hi BP,

  Just looking to see if anyone will be at this weeks Baltimore meetup? They are doing a "shark tank" style meeting. You bring the deal and pitch it, if they like it they will fund you. I look forward to meeting some of you from Bigger Pockets there.

Using the following tax assessment what is this house currently worth / assessed at, $322,500?  What is "land" and what is "improvements"?  I can figure out most of the record. Im curios to know so that when I talk to a seller I have a better idea of what its worth based on these numbers and area comps.

Base value

land: 128,200      improvements: 161,500     total: 289,700

value as of 1/1/15

land: 128,200     improvements: 259,900     total: 388,100

Phase-in Assessments:

as of 7/1/14     total: 289,700

as of 7/1/15     total: 322,500

also under the transfer information:

seller: bob

type:  (one of the following) NON-ARMS LENGTH OTHER       ARMS LENGTH IMPROVED       ARMS LENGTH MULTIPLE  

I am not sure what these mean regarding the property.

Thanks

Hi Bp,

  Is it possible to find information on a properties owner regarding their current mortgage and home equity other then using a list service provider. I understand that it is easier to use one of these services instead of spending my time, but I like to have some experience in doing things like this type of research. I'm the type of person who likes to know how a car works not just how to drive it.

Thanks

@Josh C.   its great to want to get things started and get out there to make deals but if you cannot drive out to see a property now, how will you be able to when a seller says the only time they are available is tonight at 6? Like others have said keep learning and doing but get the basic infrastructure in place first.

Good luck  

Thanks @Justin Pierce , that's what I read. 

@Account Closed Before I make any moves that I'm not sure about I will be running by my attorney. I would own the property free & clear before I list it. 

Like I said a "friend" said that your not allowed to buy then sell immediately. I just want to make sure i'm above board when it comes to this.

Hi BP, My question is how soon after purchasing a property can I turn around and resell it through a Realtor without doing any improvements, specifically in Maryland?

  I have been searching for the answer online but unable to find anything of value. I will be talking with my lawyer about this at our next meeting but thought I'd try here with all of the knowledge available. I have been told that you cannot sell like this at all as this was the definition of "flipping" and illegal.

For ex.

I purchase @ $65,000 with an ARV of $135,000 (if this even matters if I'm listing it)

I list it at $110,000 with no or little (less then 3% of arv) improvements.

Hi Bp,

 I am putting together my web site and I want to include a blog page. I am working on on my own post's but I was wondering your opinion on using parts of or whole blogs from others, with their permission and credit of course. 

@Chaz Reid What would you do different? Not do this at all? Anything you liked / disliked specifically? Im looking for feedback since this is my first time. Like i said everybody does yellow letters and I just want to stand out from the crowd. I will probably do a letter campaign also directed at only absentee owners, with this used as a general mailing and a change every few mailings to my list overall. 

Again I welcome and need any feedback.

Thanks