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All Forum Posts by: Eddie Brady

Eddie Brady has started 2 posts and replied 104 times.

Post: Re-emerging Investor to MD, DC, VA

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

Hi @Tykia Y. Ouzts! Where will you be investing?

Post: Elder care facility / nursing home business

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

@Adam Biya I would be an interested investor depending on the project location and size. I agree that they are pretty sad and we are in need of better elder care facilities.

Post: Airbnb Arbitrage in Annapolis Neighborhood

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

@Joanna Quan Soon I may be interested and I have clients who might be as well. I'll direct message you my info.

Post: How to take equity out and buy another investment property?

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

@Wojciech Grajewski I personally used a HELOC on my personal residence to purchase my first rental property and I was very happy with that decision. You don't pay interest on the money you don't draw, just like a credit card. And the rates are very low. Definitely look into that option

Post: First time raising rent in Montgomery Cty MD, need clarification

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

@Tim Miller I just read this thread and wanted to offer some perspective. Obviously, it's just my opinion so take it for what it's worth. If it was my unit, I would consider the turnover cost of denying the renewal to the current tenant, refreshing the unit, and marketing it again. Lost rent, cleaning fees, paint, carpet etc can add up quickly and could leave you in a worse position than your 90% market rent. If you're cash-flowing well, it may be worth waiting another year to re-assess. Finding great tenants can be challenging so there is a value-add to that!  

Post: Feeling lost and not sure how I should go about creating my team!

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

Hey Austin. Are you looking for connections to help become a Realtor or to start your investing journey?

Post: House Hacking w/ Airbnb in Frederick, MD

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

@Scott Raynor How's your search going? I agree with @Kiersten McFague about being close to downtown for Airbnb. Downtown Frederick is pretty awesome compared to other small cities. There are plenty of other areas in Frederick Co that can work as well. Just depends on budget! I'm happy to look for you, just send me a message! 

Post: First Property, House Hacking, Searching for Tenants

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

@Logan Beckner That is amazing cash flow! So you moved out of the upstairs and rented the entire thing?

Post: Frederick, MD Real Estate Meet up

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

Hey Logan,

Are you guys still planning on meeting at Smoketown tonight at 7pm? Just seeing this today so may try to make it. Either way this is awesome that you're getting this started

Post: SOMD Real Estate Meet-Up

Eddie Brady
Pro Member
Posted
  • Realtor
  • Frederick, MD
  • Posts 112
  • Votes 63

This sounds awesome!