All Forum Posts by: Eric M. Johnson

Hello, @Eric H., there were several, but the State of MD DPA loan, You've Earned It program, Federal Home Bank of Atlanta, and the Baltimore City Community Development Block Grant were what I was looking into the most. Some of them are forgivable loans.

2 Votes

Baltimore, Maryland

Originally posted by @Joe Norman:

By "House Hack" I assume you mean that you are going to owner occupy and use a traditional mortgage. If so then you may have some challenges with Vacants to Value as they are generally very distressed properties and may not qualify as habitable for the purpose of financing. If you're buying with cash or a HML then you'll be in better shape and it can be a great way to pick up cheap property (although they are generally not located in neighborhoods with a lot of retail sales activity). Good luck!

Owner Occupy is my plan, but I am going to use the FHA mortgage and 203K rehab loan. I also have access to grant money as well. Thank you for the advice.

0 Votes

Baltimore, Maryland

Thanks @Jack Butala

0 Votes

Hello everyone,

I am in the beginning stages of planning for my first project, which will be a house hack rehab in Baltimore City. The question that I have at the moment concerns the Vacant to Value program. Has anyone successfully used this program to acquire properties? Are there any general issues that I should know regarding this program? Thanks for everyone's input!

-Eric

2 Votes

Baltimore, Maryland

Thanks @Joe Norman @William D.

0 Votes

Thank you, @Ozzy Sirimsi and @James Wise!

1 Vote

Originally posted by @Michael Bangsal:

Welcome @Eric M. Johnson

My brother attended the Naval Academy there and recently thought about looking into Baltimore because his roommate has a handful of cash-flowing rentals.

How's the vibe there? I hear there's pockets of good and bad neighborhoods just like any city but I was wondering if you could give your insight about a particular area if you're familiar.

Here's the address:

3809 Ravenwood Ave, Baltimore, MD 21213

3bd/1ba 1280sqft.

Do you know approximately how much this unit rents for?

Hey Michael,

The neighborhood for 3809 Ravenwood Ave. is called Belair-Edison. Here's a link for the neighborhood info page: https://livebaltimore.com/neighborhoods/belair-edison/#.XSabKetKjIU

Here's a Craigslist ad for a similar house in the same neighborhood. It goes for $1400: https://baltimore.craigslist.org/apa/d/baltimore-beautiful-3bed-1bath-3level/6930386229.html

Hope this helps!

2 Votes

@Michael Bangsal Thanks for the welcome. I'll look into it for you.

0 Votes

Thanks for the welcome, @Justin Windham &

@Stephen Willis

1 Vote

All Forum Posts by: Eric M. Johnson

Eric M. Johnson has started 2 posts and replied 11 times.

Post: First project in Baltimore City/Vacants to Value

Post: First project in Baltimore City/Vacants to Value

Post: First project in Baltimore City/Vacants to Value

Post: Newbie from Baltimore

Post: First project in Baltimore City/Vacants to Value

Post: Newbie from Baltimore

Post: Newbie from Baltimore

Post: Newbie from Baltimore

Post: Newbie from Baltimore

Post: Newbie from Baltimore