All Forum Posts by: Francys Crevier

@Account Closed I was talking about homebuyer assistance.

I am a lawyer by trade so not worried about legal homework. 

While it does come out of their pocket, it can help me offer a cheaper deal and save me money they didn't expect to get anyway

Hey @Account Closed! I am trying to buy a townhouse to buy and hold (and possibly rent out/ airbnb the basement). I haven't really wanted a realtor, and I have seen weird things in Suitland, MD to take advantage of consumers or not help at all.

That being said, I found a place that I would like to buy. I Maryland also has buyer assistance programs, and I'm trying to figure out how to navigate that? I need to get pre-approved, and I want someone to run numbers before pulling credit. a big bank just told me they won't deal with the assistance program. Who should I target? How do I put an offer/contract in? What clauses should it have? What other due diligence must I do? What are the next steps? Hellllllp!

Thank you! I may have asked for too much lol

@Crystal Smith Thank you so much for your insight! That was so helpful! I will be PM'ing you! 

Oh well I did say district heights, not temple hills lol

@Russell Brazil so you do not think that place will improve in a few years, especially with a developer purchase of Iverson mall?

Do you recommend any areas that would be a better investment?

Thanks Russel for your response!

I am talking about the district heights area, but really any place 20-30 minutes from eastern market. 

So no one can tell you if there is a pool or gym in the community, if there is snow cleanup, etc until you submit an offer?

What are your thoughts on that area?

Hello fabulous investors!

I live in DC (or Arlington, VA, 5 min away) and my rent is about $1700 a month. I really don't want to keep paying that longterm, but of course properties in Arlington go for about $1-$1.5mil. I work by capitol hill and they are gentrifying the eastern market area which is very close to the hill. Word on the street is they are starting to gentrify places in Maryland to accommodate for more DC folk who can't afford the hefty pricetag.

So I have started looking in Maryland, in the hopefully less sketchy areas, for a good place to live in for a few years until prices go up, and cash out. I looked at a few places yesterday that were under $250k, and apparently were renovated by the same investor (the properties were about 10-15 min away from each other). Is that a good sign that investors are renovating properties in that area? I also heard that a developer just bought Iverson mall (a very hood mall) so maybe that is also a good sign?

I am a single woman trying to be smart about investing here. Can anyone guide me to tell me what are some good/bad signs in terms of investing in this kind of situation? This would be my first house. Also, the agent said he couldn't tell me what amenities the HOA had until I submitted an offer (that is crap right?). Any and all guidance is helpful! If someone could walk me through this.

Francys

Hey Guys,

Sorry I am new to posting. I wasn't sure I was allowed to say who I work for etc. because I thought it was considered a solicitation. Please bear with me as a newbie poster! I was more concerned about how to advertise to investors than to sell the services itself. I just wanted some guidance.

In the spirit transparency and openness, @Matthew Nixon I am with the Real Estate Action Network that brings real opportunities to vetted investors. We have a relationship with a loan servicer who wants to liquidate in bulk and we have the opportunity to buy in bulk. I have seen some properties for as low as .20-.30 on the dollar all over the US. I am sure some people on here might have a similar situation, and I was just wondering how they advertise to new investors, especially outside of their market. I hope that explains it a bit and sorry for any confusion

Anyhow, hope I can get some ideas from you guys. There is a system here but I know a lot of people on here probably have refined practices that might help us. Thanks guys!

@Matthew Nixon

Hey guys,

So I recently moved to LA and started working for a real estate investment company. I have been trying to tell them about the awesomeness that is BP but they are old school about technology so far. We ended up getting access to low discount deals all over the country and I am looking to find some investors that want properties for pennies on the dollar. How do I do this efficiently?