All Forum Posts by: Cristhian Huamani

We are looking for value add, what are the best ways to find sellers with distressed buildings?

Was this an FHA loan? Congrats!

@Alicia Dodson Great to see investors coming out and investing in Hagerstown. I have a few rentals throughout Hagerstown. Feel free to reach out if you need anything.

@Amy Zhang I would not invest anywhere as an out-state investor without someone guiding me closely, via fellow investor or real estate agent. In my opinion, if you are looking for a market to buy and hold real estate in Maryland, The best markets for cashflow are Baltimore city and Hagerstown. There is a high demand for rentals and price per unit is low compared to other areas of the state. 

I have a few properties throughout Hagerstown. I can certainly tell you that there are opportunities in the market. As always, you must have a competent property management company or have systems in place if you want to self manage.

If you have any questions in the Hagerstown market, feel free to reach out.

@LaRuan A. Thanks for watching my educational youtube videos! I made that specific video for people that are just getting started with real estate investing (You just gave me a great idea for my next video). I will be doing more videos maybe showing auction websites like auction.com, xome.com and hubzu.com. 

I believe that it's important whether you are house hacking or buying a rental property to have equity in the deal after settlement. Most times the opportunities arise due to condition (value add) If you invest $10,000 in repairs and get $20,000 plus in equity as your rental value will be increased. 

I always advise investors to do their due diligence to understand what they are buying and negotiate accordingly. Unless of course, they are very experienced investors in which case they send a low offer with no inspection( not advisable if you are a beginner).

If you have any specifics when investing in Hagerstown, Feel free to reach out.

@Kanika Sharma On average, A half a duplex priced at $55,000 with 3beds 1 bath 1,200 sqft would rent for $850-$950 depending on condition. Obviously the returns are a no brainer. However, a lot of investors fail to analyze the holding cost. Most of these properties are near downtown and are over 100 years old, though in most cases they were updated at one point. This is why it is vital you do a home inspection during your due diligence period. You will be able to know what you are getting into and you can negotiate accordingly. 

If you have questions about investing in Hagerstown, feel free to reach out.

@Mike Wright I am not sure if you heard of the pareto principle. It simply states that 80% of the outcome comes from 20% of the cause. When self- managing, 80% of the outcome (happy landlord/fewer headaches/fewer turnovers) comes from 20% of the cause (Proper Tenant Placement/due diligence). 

Like I tell all my clients If you are willing/can/want to take the time to learn and handle tenant placement. It is possible to successfully self manage and get a greater return. On the other hand, If you want to purely invest your capital and not your time. It is best to get a competent & professional property management company. (HIGHLIGHT COMPETENT!)

If you have any specific questions on property management companies, contractors, City inspections, and more feel free to send me a message.

@Delonte Ray Feel free to reach out if you are looking to invest in Hagerstown. I have multiple properties throughout Hagerstown. 

@Trey Williams It is great to see that you are being successful in the Hagerstown Market! Happy investing!

@Season Price  I am a little familiar with the Cumberland market as I am currently selling a 9 unit building. Per my conversation with the current property management, it takes 4-8 weeks to get a proper tenant. Rent is very low but since the price per unit is also very low, I can see why it may look interesting to cashflow investors.

If you are really interested in getting into the Cumberland Market, You may want to connect with at least three local property management companies. If you need to get in touch with Western Maryland Property Management, Feel free to send me a message and I will share his contact information with you.