All Forum Posts by: Jon Carcone

Thanks a lot eveyone. I think, given the feedback, I am going to stick to my home area of northern va. It is much more difficult to find good cash flow here than it baltimore, but ultimately I'll feel more comfortable owning property here.

Thanks for the advice-- Jon

I've been struggling as well with the best way to network at reia meetings. It is difficult when you're pretty much just looking for guidance and don't really have anything to offer

Hi All,

I am looking at some rental properties in Baltimore. Specifically, there is a 3 unit with a potential for a 4th currently fully rented at $2100/mo and asking 140k for it.

What is attractive is that for another 10-15k you can add another unit in the basement and parking to get another 700/mo for a total of 2800/mo for a total price of 140-150.

The reason this deal exists is because it's a pretty rough area of baltimore. Some boarded up homes on the block-- stuff like that. I would hire a property management company to manage the property.

Has anyone had experience landlording (either personally or through a property management company) in rough areas of a city?

Thanks, Jon

I just purchased a duplex in clarendon (NOVA).

I'd be interested in looking at some properties in Richmond that cash-flow well.

Hello,

I am new to the forum and fairly new to the world of real estate investing. I am looking for a mentor, partner, etc-- who I can help and in return for that help learn the business. Anyone who works in NOVA, DC, MD, and/or Baltimore.

My background is that I am a sales manager with a 10 person sales team working in NOVA, went to Wake Forest University, and fully committed to making real estate my full time job.

If anyone is interested, please let me know.

Thanks for any help,
Jon

Quick background on my RE experience:
I recently closed on a duplex in NOVA that will serve as my primary residence (renting out the other side).

I've been evaluating rental properties in Baltimore, college park MD, and NOVA.

I've also been investigating various wholesaling strategies.