All Forum Posts by: Heath Thomas Jr

I still think SEO works when done properly. The key is not only to build your rankings up (which is time consuming, but not impossible like some have said). But also to have a very high conversion rate for your website. I.e. how good is your website at getting a new client/ investor? If you're the number 1 page on google but can't express your message in a way that appeals to your prospects.. then you're leaving dollars on the sidewalk.

Really nice Single family home. This 4058 sq. ft. home is located in the Pikesville Farm community of Baltimore County. 4 beds 2.5 bath.

Home was built in '07 and is in good condition. All you need to do is update the kitchen, fix some minor holes in the drywall.

The basement is mostly finished, already framed. Waiting for flooring and sheetrock.

ARV of 470K +
Asking 360K
Repairs- Less than 20K

Email [email protected] for pics or to set up showings

Yes, just business partner. This may be a question for my attorney but-- If he owns the LLC my parents lend to in order to purchase a rental, Would we then refinance out of their loan and then add the property (and its LLC) to our parent company's portfolio? Thus absolving the whole issue?

 I'm not insinuating I'm trying to do anything illegal or against the tax code. I simply wanted to know if their were any creative ways to fund a deal this way... Maybe through using entities, partnerships, etc... As you know, there are a lot of creative ways to construct a real estate deal. 

I have read as many snippets from the Tax Code as I could find...however, I'm no CPA, Lawyer or Custodian. Just a layman looking for an explanation. I have no experience in this so It's fairly new to me. 

So both my Partner and my's parents have large IRAs. they would like to invest with us using their IRA. Is there no way for them to lend to us using an IRA? because we are "disqualified persons". Is there any work around for this?

It's mostly for the speed of HML we could easily come up with the down payment. However, from what I've seen many of the deals in our area (Washington DC- Baltimore) are highly sought after and you can't wait for FHA financing to kick in. Our HML has extremely reasonable rates but I think FHA rates could be a little more favorable.

If I were to buy a 4 unit building using a HML. Would it be possible to refinance using an FHA loan after 6 months or so of seasoning?-- assuming I am living in the property and renting out the other 3 units..

Would the FHA loan have to be in my personal name or can it be in the name of my LLC?

thanks all. I've done what I can to make it easy on them. Given them a very detailed SOW and materials list. 

hey all, I am working with a few different general contractors and trying to get bids. I just had a quick question..why is it that getting contractors to send bids is such a long process? (Besides the fact I'm probably talking with some unqualified contractor)

I was able to to the estimation myself and get the same numbers as they did the same day. But it's taking one of my contractors almost 2 weeks to return an estimate! 

From a GC perspective why does it take this long? Anyone else have these issues? Is this a huge red flag when finding a GC? 

Other than the long timeline for the est. I have known and trusted this GC for a little while..but maybe the project is over their head..

I live in washingtom DC and Late next year I'd like to start getting invested in multi family units. Ideally I'd like to house back and get an FHA loan. By this time I will hopefully be doing real estate full time so I am open to the location a little more than I would be if I were still working, I.e. Baltimore.

Do any buy and hold investors have tips on choosing aa good area to start buying multi units? What important qualities should I look for in a neighborhood? Where do I find this information?