All Forum Posts by: Brandon Smith

@Garrett Pressick, welcome to bp! I live in Md and invest in hagerstown as well. I would definitely wait this one out. It sounds like this situation could escalate quickly. Get the tenant out asap and screen the new tenants like crazy!

Your best bet when picking up properties to wholesale is to make sure that all of your numbers check out. If you really have found a property, weather on or off market,(and it will almost always be off market) that you can get under contract for around 65% of market value, minus the repair cost (that you have had verified by a contractor or you are absolutely certain is correct) and add in all the other expenses involved in actually doing a rehab or holding the property then you wont have a problem finding a buyer,  hard money or partner to do the deal. Don't bother putting any property under contract that you wouldn't be willing to close on and handle yourself. Any buyer that you will be advertising to is going to do their own analysis of the property and if your numbers don't make sense you will lose credibility with that potential buyer right away. The best way to stay on good terms with anyone, agent or not is to do what you say your going to do, no matter what, and do your homework so you know what your talking about!

Hello all, I'm a rehabber/ wholesale  investor from sharpsburg md. focusing on Washington and Frederick counties. Big fan of the bp community, website, videos and podcasts. This place has been a big help for me with lots of great ideas and advice from knowledgeable professional people. Im looking forward to meeting and networking with new, like minded people!

First you want to find out what the extent of the damage was. If it was a leak from the second floor it was most likely a plumbing or roof leak. Make sure that the repair was done properly and that no moisture has been trapped in the walls or ceiling. They may have not had a mold remediation service involved at all, but get any paperwork that you can on who and how the repair was made. Hire a home inspector to walk through the property if possible and check the effected area with a moisture meter. I wouldn't worry about your insurance premium hopefully this was a temporary problem that has been resolved.