All Forum Posts by: Brett McCurdy

@Yi Zhao

I would’ve knocked on the door and given them a vaporizer for their ganja so at least they can make the smoke odorless lol and after they praise what a wonderful landlord you are (with red eyes) tell them they can either Vape their weed in their apt. with that or walk outside if they need to smoke “flower” but they can’t do what they are currently doing. If they cooperate even a month without a complaint, send them a quick thank you card and gift card telling them you appreciate them working with you!

Police reports for that in MD will help build a case of complaints from the one tenant but I don’t know how far that would go in court only because the person could have a legal license to smoke it in their residence. The grounds that may help is if you can argue that it is negatively affecting the health of your other residents and making for an unsafe living environment (especially if any children or infants are around).

I think it’s always best to find a creative middle ground and if they don’t play than lawyer up and then get aggressive quick.

Best of luck!

@Elizabeth Goff thanks for being the first to mention the cap gains exclusion! She could def lose the exclusion if began renting it out after living there. I honk she must be In The residence 3 of the proceeding 5 years so she could also move back into the house if she wanted after the tenant but prior to sale to keep the exclusion I place (but that’s a pain...).

@Donnie Patel do you owner a primary residence or are you simply seeking a non owner occupant Investment? I mention this because I’m in your shoes to and own two service companies and I’m a real estate agent. one bank flat out told me that if I was the manager at McDonalds w a W2 it would be easier for them (a large credit union near Annapolis) to push the loan through for a cash investment purposes. I did not have the same issues however when buying my first home with my wife. They seemed a little more lax on the primary residence for some reason. This will still yield you way more than renting and investing on top of that (capital gains exclusion) and you Can hack the home while you live in it to build your equity position quicker. You may want to think of going after a first time homebuyer path instead and start taking monthly (set amounts) draws from your biz to personal and clear any credit cards.

Hi Todd!  Welcome to BP.  I'm an agent and investor in Kensington and live in Rockville.  I work in an investment firm which also has a property management company in-house.  There is a ton of information on here and great people to connect with, I hope we get the chance of meeting at some point.

Best of luck!

Brett

Could anyone recommend the best mailing list companies?  I currently use InfoUSA but I feel like their prices are getting higher than they should be.  I'm mainly seeking absentee owner lists by zip code.

http://www.softwareadvice.com/crm/real-estate-crm-comparison/

Sovat Chheang Welcome to BP! You had me at "Beer", I'd love to meet up with you over a beer sometime at a Moco brewery or deli and talk about the Montgomery county market. I'm located in Kensington. Best of luck to you in 2016!

Michelle Eng Welcome neighbor to BP! I'm right around the corner in Kensington. If you'd ever like to chat about Montgomery County area feel free to contact me. Look forward to seeing you around BP!

Brad Dwin welcome to BP! I'm nearby in Kensington if you ever want to chat. I look forward to seeing you around BP. Have a great prosperous 2016!

@Austin Hughes   Only thing that separates the successful ones from the unsuccessful is PERSISTENCE.  

Your GOING to FAIL.  Your GOING to FAIL NUMEROUS TIMES.  S*** Happens!  As long as your moving forward in some way or another.  

Find balance and try not to burn yourself out.  

Best of luck to you in 2016!