All Forum Posts by: Melanie Hartmann

If you have trustworthy "boots on the ground" in the area, I know a lot of buy-and-hold investors who own rentals in Baltimore, MD. Many are flocking away due to the tenant-friendly laws and high taxes, among other things. However, if done right, it can be a great place to buy low and rent high, especially when utilizing section 8 <-at least that's the word on the street! 

I'm looking for a small multifamily rental to purchase myself, but haven't come across one I like just yet. Mainly because I want to do the BRRRR method. I may need to find myself a coach or mentor to learn this from.

I've wholesaled and bought/sold properties in Baltimore City and Baltimore County but haven't bought one to rent yet. 

If you decide to head to the Baltimore market feel free to let me know and I can send possible options for rentals your way!

Me! I invest in Baltimore, MD. 

But yes our website is a continuing work in progress!

My first flip for 2020 was a flop due to contractor woes.

I would love to connect with anyone in the DMV area! I am looking to purchase a rental property later this year (preferably a small multi-family). I also wholesale (and am open to JVing). I will be buying another house to fix-and-flip soon now that I've found a handful of trustworthy and highly recommended contractors. 

How did you find your first deal? Have you tried other marketing channels other than DMM?

We typically call 4-7 times before we mark a list "dead." We are looking to begin mailing prospects that we are not able to get a hold of either due to no numbers found, no answer, wrong numbers, or their numbers were on the DNC lists. 

Just be sure your employer is following the laws around text messaging because "they" are cracking down on this marketing method when done illegally. 

I've heard both ends of things that both more folks want to sell while some are waiting due to fears of spreading viruses around through open houses, etc. Mortgage rates are lower than they have been in quite some time and I've read that many lenders and mortgage companies are having a hard time keeping up with the number of applications that have come in

ok, let's then take out the acronym ARV and use "market value" instead. So then, to use your example, would you say that the market value of a property typically factors these costs into the purchase/sales price? Much like the price of a burger accounts for the costs to make that burger (and make a profit or walk away with a desired net amount).

For me, I'm not buying (as I typically am most or all of the closing costs when buying properties off-market) or selling a property without accounting for these costs (hence, I believe these costs indirectly impact the market value of a home).

Then without these costs, would value prices be higher or lower then they currently are? And why?

What systems are you using to track KPI's? Anyone have one they are willing to share?

I'm not saying ARV is determined by these costs but it is influenced by their existence as the sales price needs to account for covering these costs in some fashion

Someone argued that ARV is determined, in part by, closing costs and agent commissions. What do you think and why?

If you come across any in the DMV area, particularly Baltimore, MD, let me know! And congrats on the connection, that sounds like a great opportunity!