All Forum Posts by: Chris Purcell

WBAL 1090 also has podcasts.

Hi @Andy Tran I'm investing in those neighborhoods of Baltimore. Feel free to reach out to me if you have specific questions or if you're seeking advice. 

Hi Ethan, I have a duplex in Butcher's hill with window AC. I don't think window AC is getting me any less rent than having central air. I have window units in the living/kitchen area and each bedroom. 

However I will admit window units are a pain in the rear but to me it's worth it to deal with window AC rather than the huge expense to install central AC.

Thanks @Account Closed

I'm looking to buy a 3 unit multifamily property in Baltimore. The problem is the seller, in my opinion, is asking way too much for it. I want to put an offer in but I don't want to scare them off by offending them or not taking me seriously. 

So of course I need to justify my offer. I need to prove to the seller that no one is going to make any money paying what they want. My question is how do I do this? How detailed of an income and expense estimate should I provide? What kind of explanation should I include with my offer?

I'm making an offer on a duplex that is currently vacant. I'm worried about getting it occupied quickly during a winter renting season. The property is in Baltimore. In order to get it occupied as quickly as possible, if the market rent doesn't get a lease, I'm thinking about lowering the asking price to get tenants in asap. I'm also thinking about asking the tenant to do a 7 or 19 month lease so that it would end in the summer peak renting season. 

What do you think about these ideas? 

I'm looking at a four-plex in Baltimore. However there's a brand new apartment building being built right across the street. I'm sure the building will be super high end with high rent (although I shouldn't assume on that, have to do more research.) But I'm just curious if most investors would stay away just because of the competition. The numbers are looking pretty good so it's worth investigating.