All Forum Posts by: Brian Valdivia

This is attainable with a DSCR loan. I personally use these for all of my own rental properties. Only downside would be if you already have a 3% mortgage on it. That would be tough for me to give up.

0 Votes

Quote from @Joseph Amaturo:

Quote from @Brian Valdivia:

Hey Joseph,

I own 4 properties (5 units) in the Ocean City, Maryland market. The issue with our market is that it's super hot from May to End of September, but pretty slow after. Some advice I would give here is to find a market that has good rental more than where our properties are located. Definitely a learning experience for us!

Thanks much. Yeah how did you find those good rental markets. I need to find a mentor I think to help me. Thanks again.

No problem. I'd focus on places with attractions or year round decent weather. In the winter here, it's cold lol

0 Votes

Mortgage Brokers & Lenders

Post: Best upgrades for refinancing?

Brian Valdivia

Posted August 08, 2023 09:19

Investor
Kingsville, MD
Posts 90
Votes 18

When I renovate for appraisals i target items that i think will cause the appraiser to grade the property higher on a quality scale.

Here's a few of the things I do:

1. Use tile finishes in kitchen backsplashes and bathrooms
2. Use vinyl flooring on the main floor of my properties
3. Add those puck recess lights to the main living room (gives it a 2023 feel as soon as you walk in)
4. Stone countertop (granite or quartz) over linoleum
5. If replacing kitchen cabinets isn't in the budget, that I would paint them white and replace hardware.

2 Votes

General Landlording & Rental Properties

Post: auto-pay systems for rent

Brian Valdivia

Posted August 08, 2023 09:05

Investor
Kingsville, MD
Posts 90
Votes 18

Hey Jeffrey,

We use a combination of RentRedi and Buildium for rent collection. Both of these softwares allow the tenant to save their banking info in there. I personally don't save it to avoid the risk of even having it. The RentRedi software is very simple and pretty inexpensive.

I personally think Buildium is a little clunky.

0 Votes

Los Angeles County, California

Brian Valdivia has started 44 posts and replied 87 times.

Rounded Star Post: 2049 Jasmine Rd, Dundalk, MD 21222

Rounded Star Post: 8415 Kavanagh Rd, Dundalk, MD 21222

Rounded Star Post: 1911 Marsdale Rd, Dundalk, MD 21222

Rounded Star Post: 1917 Armco Way, Dundalk, MD 21222

Rounded Star Post: 3120 Lawnview Ave, Baltimore, MD 21213

Rounded Star Post: 7859 St Bridget Ln, Dundalk, MD 21222

Rounded Star Post: No-Doc HELOC sources

Rounded Star Post: Another newbie. Best areas to buy my first STR

Rounded Star Post: Best upgrades for refinancing?

Rounded Star Post: auto-pay systems for rent

Post: 2049 Jasmine Rd, Dundalk, MD 21222

Post: 8415 Kavanagh Rd, Dundalk, MD 21222

Post: 1911 Marsdale Rd, Dundalk, MD 21222

Post: 1917 Armco Way, Dundalk, MD 21222

Post: 3120 Lawnview Ave, Baltimore, MD 21213

Post: 7859 St Bridget Ln, Dundalk, MD 21222

Post: No-Doc HELOC sources

Post: Another newbie. Best areas to buy my first STR

Post: Best upgrades for refinancing?

Post: auto-pay systems for rent