All Forum Posts by: Connor Corkrin

Thanks @Brian Beck and @David Wong,

My reasons were heavily based on my employment being right outside of Baltimore, and my family being there. 

However, I think it's a good move in the market right now as well. I've been watching the Baltimore market very closely since I came overseas in October, and the property prices have been steadily declining. 

I analyze about 5-6 deals a week to keep fresh and informed, and when I started almost nothing made sense for the house-hack I'm trying to do. A few months ago I started seeing more deals make sense, and now there's enough of them to justify shopping around and making a move. 

Generally, the rents in Fed Hill (where I'm buying) are between $700 on the LOW end, and $850-$900 on the higher side per room. 

My plan was to find a 2 or 3 BR property that had a finished basement that I could use as a BR, while renting out the other rooms. There are plenty of townhomes in downtown Baltimore with this, and a TON of them are misrepresented on Zillow/Realtor.com as they won't have the basement square footage listed, or they'll have a very large BR somewhere that could be made into 2. 

Richmond, on the other hand, has cheaper prices per room. Generally by $100-$150 dollars per room cheaper. The housing prices are also much higher in comparison, since Richmond is more "up and coming" with a very hipster scene, so tons of young professionals are flooding in (similar to Nashville and Austin, but a bit more in it's infancy). 

There are definitely opportunities, my best friend who is out here with me just entered contract on a fantastic 5BR SFH that they're turning into a 6BR, and should be able to cashflow well on. But they'll have some risk with trying to fill that many rooms, as well as a decent rehab budget to make it work how they want it to.

@Stephanie P. Just entered contract in Baltimore, guess I should delete this thread now haha. Oops! 

Hey All,

One more post for me! 

I entered contract on an awesome 3B/2.5Bath townhouse in Fed Hill last week. I'm currently deployed, but getting back in mid-July. 

I'll be moving in immediately, and since there is basically no rehab I'm looking to get roommates in there ASAP to get the cashflow started. 

Does anyone have advice on the best times to begin advertising, examples of leases in similar situations, and best practices for screening tenant-roomates? 

That's great advice Dion, I appreciate it. 

I'm planning on using a good chunk of my savings from over here either on rehab costs, or on a down payment like you said. Hoping to find somewhere that I can add some equity to with a bit of rehab. 

Hey all,

I am in the process of looking for my first home in Richmond, with the intent to house hack either a single family with roommates, or a small multi.

A bit about myself- I am currently on my second deployment, this time with the Army Reserves, and plan to use my VA loan to finance the purchase. 

I'm looking in the Museum District (lived there last year, loved it!), the Fan, Downtown, Carytown, and the surrounding areas. Luckily time is on my side as I do not return until July, however I was hoping to get advice / network with fellow investors.

Please share your thoughts! I'd love to connect.

Hey everyone,

I'm looking to make my first purchase in Richmond or Baltimore. I've lived in both, and am currently deployed with the Army Reserves.

Looking for some agent-help in finding the right spot that will convince me to come to Richmond over Baltimore. 

If any agents out there can help, please reach out to me and I'll send you my criteria!

Wow Charles, that's an awesome story! 

I'm jealous I didn't get in the game when I was younger, but unfortunately college debt was holding me back from anything investment-wise. 

Fast forward to the tail-end of my second deployment and I'm finally debt free, saving up enough to have rehab funds to accompany my VA loan for the first property.

Where did you encounter the most friction when you started off? And what did you find was easier than you thought?

Hey all,

I am in the process of looking for my first home in Baltimore, with the intent to house hack either a single family with roommates, or a small multi (hard to find in Baltimore!)

A bit about myself- I am currently on my second deployment, this time with the Army Reserves, and plan to use my VA loan to finance the purchase. I've had my parents (with PoA) look through a few properties for me, and even submitted an offer on one, but was beat out by a cash offer.

I'm looking in the Fed Hill, Locust Point, Canton, and Fells Point areas. Luckily time is on my side as I do not return until July, however I was hoping to get advice / network with fellow investors. 

Please share your thoughts! I'd love to connect. 

Thanks Ned! Yep, I found it while on Amazon looking for new reading material / Christmas gifts for my friends who are like-minded in regards to their financial independence. Luckily the hard copy seems to go into greater detail and give more examples. 

Hi there! I'm Connor from Baltimore, MD! I'm a new member here on BP and recently finished the Ultimate Beginner's Guide (free PDF version). My question is this- Is the actual hard copy book worth reading as well, or is there a fair amount of overlap?

I ask because I am currently deployed to the Middle East, and using my time to build as much knowledge as possible before taking action when I get back. I've just started the Book on Rental Property Investing, and am looking to see what my next book will be. 

Any help is greatly appreciated! Thanks guys!