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All Forum Posts by: Gabriel G.

Gabriel G. has started 13 posts and replied 204 times.

Post: 70% ARV Assumption --> Not with Transfer/Recordation Tax (MD)!?

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Richard F. what are you comparing the 23.25% or 15.5% to? Comparing it with the stock market, bonds, CDs, etc, it seems like a home run. If you have another location or investment type that offers better than that, then I'd love to hear more about it. I think most of us Marylanders are used to those type of numbers. 

Post: Why is it hard to find ppl crushing it in Real Estate in MD?

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Cynthia Wright, I would second @Stephen Lee comment. Also, adding value sounds like such a mystical thing but really it can be accomplished in the most easiest ways so here's a list of things that you can do to add value:

- If you find something that looks like a really good deal, send it to an investor you're looking to connect with. They will appreciate it and you'll gain a bunch of kudos points in developing a relationship with that investor (keep in mind that it can be a double edged sword because if it is not a somewhat good deal and you sent that investor a timewaster, then they may not want to keep listening to what you got to say).

-If you have a unique skill (IE: Photography, webdesign, marketing, graphic design) then see how you can use those skills to help that investor out. For example, if you see that the investors website looks like it should be in the Smithsonian and you know how to design websites, sending him a quick sketch or preview of a better website will instantly get you a ton of points.

-If you know someone that can help or assist that investor, putting them in touch adds a ton of value. Say for example that you notice that the particular investor you want to talk to is doing a rehab and you happen to know a really affordable and excellent flooring guy, sending him a quick message saying "hey, saw you are doing a rehab and I think you might find this guy helpful" will 100% put you on his/her radar.

these are all examples and there are a gazillion ways more of adding value or helping out but just know that it's all about creating a relationship with that person. You wouldn't ask a total stranger to marry you (unless that's your thing), it's the same way with networking and mentors. You want to get to know them and them to know you and eventually the mentorship aspects grows. 

Post: Lose your VA loan ??

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Michael Dunn first, thank you for your service. 

1) you can't lose your VA loan.

2) Buying power is set by a certain amount per area (here in Maryland it's about 400K). You can only have one VA loan at a time unless you are PCSing and a couple other reasons but say you bought a 200K home, you'd only be able to use another 200K of your VA loan for the next house (unless you pay or refinance the first loan).

3) I wrote my story about using my VA loan on my blog, feel free to check it out: https://www.biggerpockets.com/blogs/8179/49220-vet...

Hope that helps!

Post: Newbie looking to invest in Philadelphia, Baltimore & Pittsburgh

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Jeffrey Diaz Welcome to BP. Restaurant operator turned real estate investor? Sounds like a CNBC show :P

Post: New to real estate investing - Northern Virgina area / DMV

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Julius F. Welcome to BP and know that you're still taking action by learning and researching.

Post: Looking for Excellent Cabinet refinishing Companies in Maryland

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Katherine Kesselring Arredondo Don't have any refinishing folks but castle wholesalers and wood floors plus sell some really nifty cabinets for real cheap. I personally use them on all my rentals.

Post: MidAtlantic Real Estate Investor Summit! April 21st & 22nd 2018!

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Russell Brazil And @Marc M. thanks for the tag, I think I'm gonna be going!

Post: Need help connecting with an agent in Baltimore, MD

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Ned Carey Thanks for the shout out! Really appreciate it!

Post: Need help connecting with an agent in Baltimore, MD

Gabriel G.Posted
  • Real Estate Agent
  • Baltimore, MD
  • Posts 215
  • Votes 123

@Russell Brazil thanks for the mention!

@Joe Slovich I'd be happy to chat. I'll send you my info via PM.