All Forum Posts by: David Hathaway

@Nidja Bell we own a 50 unit portfolio in Baltimore. You may want to check out the company Padsplit as an option. It lets you work the mid term rental strategy renting out furnished properties by the room and helps achieve the higher rents your looking. I would always run the numbers as a long term rental in case MTR or STR don't work out though. Happy to pass along a cash flow analyzer we you if that would help! Good luck Dave

@Clinton Jackson welcome and congrats on your first post. We actively invest in Baltimore City in row homes and small multi families. Let me know if there is any way I can help on your real estate investing journey
 

I am a current investor with a 50 unit portfolio in Baltimore, MD and over the past 7 months have started to do content creation showing ordinary people how to grow cash flow and wealth through real estate. Surprisingly enough the majority of our properties were purchased through wholesalers, MLS, and Auction and often using the listing agent to write the offer hoping to get an edge and close the deal. More recently, due to our content creation I have started receiving requests for real estate agent recommendations in Baltimore, MD. I would love to connect with an experienced agent that isn't afraid of working with newer investors, possibly writing some offers for us, and lives relatively close to the City. Thanks in advance, Dave

@Randy Beharry we invest in Baltimore although it is very challenging without the right local team. Cashflow is king in Baltimore and it has the appreciation upside of being close to some super high salary markets. The city is much harder place to invest then Baltimore County. We have done a bunch of transparent videos on our youtube channel showing the numbers you can achieve investing in the City itself but again super important to have a localized team if doing so or else you can easily lose money even know on paper the properties look like they will make 20% returns. Feel free to reach out if you want more info on the Baltimore market or need some contacts to investigate more.

Peter, I think what Jose is implying in Baltimore it's hard to determine what the vacancy rate and tenant turnover will be to understand the numbers completely. In the tougher neighborhoods C,D,F it can be relatively high and is hard to strictly invest by the numbers without knowing tenant turnover will be super high due to a bad block ie (active crime and or drug activety). You can always hopefully avoid these areas be working with an A player agent 
 

@Jose Jacob and @Peter Vekselman

 Never heard of Raven Scanner, I'll have to check it out. It is a bit annoying in PDF scanner having to scan it then share it into Google Drive. It does auto detect the document and then resize to what you want which is nice. 

Are you saying you can scan PDF's directly with google in google workspace? What additional stuff does google workspace provide? We pay for drive space 1TB would having google workstation offer something extra? 

 Yes I forgot about those. We also use ring central for our phone line for all things in our business

Thought this would be a good thread to share what apps/tech everyone is using to make their real estate business more efficient. We have been using 

1. MileIQ which is amazing for tracking the miles you drive seemlessly at the end of the year

2. Quickbooks for book keeping

3. Trello for work flow and day to day operations

4. Streamyard - for content creation paired with Youtube

5. Tinyscanner - for creating PDF's

6. Dotloop - for signing docs

7. Buildium - For property management and rent collection

I am sure I might be missing some but would love to hear what is helping everyone create less stress and more efficiency in their business. Happy Thursday!

Ryan Greenberg, I don't think I'll be making it to BPCON this year but would love to connect as a content creator on youtube

@Jessica Sudyn we use Buildium and it's simplistic and works well for our portfolio. Good luck