All Forum Posts by: Sara Frank

Hi everyone,

Some business partners of mine are looking into BRRRRing in the Baltimore market and are looking to find a GC, agent, property manager and an attorney that could help us affordably close on properties.  

Our strategy is to buy out of shape properties and rehab them back into shape, so a GC with experience in doing extensive renovations at once would be preferred. An agent with market knowledge and deal flow that could present us with off and on market properties that match our strategy will be needed. A property manager that can assist with rent collection, tenant screening, maintenance, and run an online ledger for us to track expenses. Lastly, we'll need a closing attorney who can close quickly and as inexpensively as possible.

Any recommendations are much appreciated!

Anyone have experience with mid term rentals in Baltimore city? 

 Thanks Sarah, I don’t see much house hacking going on in Essex or Dundalk in terms of listings on Zillow or FB so my concern would be finding professional adult roommates that want to house share in that area. i’ve been following a lot of the midterm rental groups in Facebook and the consensus is that contracts have decreased significantly and hospitals are using more local labor pools. I need long-term renters as a back up.

I saw a basement apartment for rent in LauriaVille in a gorgeous remodeled home that’s been listed for $1050  It’s been sitting there a couple months and that concerns me because that’s not a lot of money for quite a bit of space in a great house.It’s been sitting there a couple months and that concerns me because that’s not a lot of money. I don’t really have an interest in House hacking if long-term rates are $700 a month incl utilities for a bedroom. 
Are you seeing house hacking among mature professionals in any of these areas? From what I can see, I’ve only seen higher rents like 1000 for a bedroom right in the city. 

I really appreciate you chiming in! 

I've decided on Baltimore County to begin my househacking journey. I used to live in the city and the taxes and water bills are nightmares. I'm not that familiar with the county and most well rehabbed properties are coming up in Dundalk and Essex.

I used to live in Patterson Park and those areas were considered problematic. I like Dundalk because of it's location (easy to get south and 20 minutes away from shopping areas.

Any advice on this area? Will I be able to overcome it's reputation in getting mid term renters? Any other areas you'd consider?

Hello i new to investing though i owned 2 townhomes, 1 is fully rented on long term , i rent my basement in the 2nd town house, i will like to keep investing using the BRRRR strategy , i need a push on starting please . I have been trying to build my credit, i spoke to a couple of lenders, contractors, been reading some books from this platform but yet i need a push as to making the right decisions, i will much appreciate if someone will reach out to help, thank you.

Good morning! I am a teacher in Maryland public schools and looking for a big change! I have followed Bigger Pockets and investing for awhile - I have even dabbled in investing with my husband in the past. In teaching, buzzwords are a huge thing and I'm going to use a lot of the real estate investing ones in this introduction...

I have the analysis paralysis. I have listened to Podcasts, participated in Webinars, watched YouTube videos, read books, ran the calculators - from BRRRR to wholesaling to short-term rentals and more, but I have never pulled the trigger. I am ready to make the big change and feel that I do have the knowledge, yet still maintain the openness to learn and grow; however, I am missing the connections. The networking. I am excited to finally join the discussions and start taking action.

I want to grow a rental portfolio that can take me down a path of purpose and my family to a place of financial freedom. 

Hey guys,  I’ve been considering buying a multi in Baltimore, MD and it comes with ground rent. I’d look to purchase the lease on initial acquisition, but I know very little about ground rent and how it works. Should I avoid properties with ground rent? What do I need to be aware of?

Kevin 

@Matthew Paul

As an investor there are about 99,999 other things that would cause me to lose sleep at nIght before this type of issue.

Hello! I’m Aaron from Pasadena, MD. I’m in the beginning phases of my real estate journey. I’m 30 years old, working a full time job doing HVAC while learning and networking about all things real estate related. My current goal is to purchase my first cash flowing rental property by the end of 2024.

During the peak of the pandemic there was a stretch of time where my work kept everyone home. During that time I realized just how much LIFE we miss out on by spending 40+ hours at work every.single.week. I realized I needed to find a way to earn a living while also having the ability to live the life I want. I was house hacking at the time, before I even knew the term, and thought "maybe this could be my full time job?". I started looking for rental properties but was quickly discouraged at the super high prices of everything in my area. I didn't think it would be possible for me to get into REI at that point. Fast forward to now, I've got a much better paying job, more funds, and prices seem to be coming back to a point that I'd feel comfortable with.

I’m looking forward to continuing this path, utilizing the resources here and connecting with others!

Thanks for the information Matthew.  I have done lots of investing in Baltimore when I lived there, but never really considered Phil.  I do have a son-in-law who recently invested in a laundromat in Phil.  I really like to keep a close watch on my investments and living within access to them is the best way to insure the property performs to my standards.  I think that I have had enough big city life and would probably not want to live there as I have not wanted to return to Baltimore even though I could probably find many investments there too.  At this time in my investing life I am a smaller market guy. Thanks again.