All Forum Posts by: Jason Taliaferro

An out of state BRRR maybe hard because managing a project remotely. I find I visit my project quite often. Like @Russell Brazil stated Baltimore is pretty low cost. Maryland is great for its property diversity in a fairly small geographical area. If you are looking for multi family BRRRs you can definitely find them in Baltimore feel free to PM me if you need any help. 

Like everyone else said if the tenant the tenant should pay to have it fixed. Things I have ran into that tenants break are physical like hole in wall ( generally while moving) and clogs. If the dishwasher breaks I pretty much suck it up amd try not to prove it was them. A property manager I use in TX adds a statement to the lease that states the tenant is responsible for the first $50 for a maintenance call. He says that has cut down on frivolous calls. I only have one property he manages and the tenants keep in great condition. 

Quote from @Alex Banyasz:

Quote from @Scott E.:

I'm not a rookie but I'll comment what I think is holding most rookies back based on convos I have at meetups and what I see around the forums:

1. They don't have the money for a down payment. And "creative finance" deals are much easier said than done.

2. They can't make the numbers work with high interest rates (unless they put a ton of money down, which brings us back to issue #1)

 This! I want my own house, and taking from my savings to put a down payment on an investment property is only going to delay that. The places I can afford to invest in at the moment are places I have no interest in living in. So I definitely would be open to the "creative financing" piece

This may not be a popular opinion but my first "mentor" taught ne that your first home is a good candidate for your first investment property. That is what I did and through many properties I still have that one. If you can make a duplex or four plex work even better.

There is nothing in SDAT on it? Is it new construction?

Quote from @Naphese G.:

@Jason Taliaferro hello, thanks for the reply. I’m interested in anything involving renovations. Flooring, cabinets, dry wall, tiling, shower installs etc. Willing to connect if you could ever use a hand!

 Sounds good.  Feel free to DM me. 

@Ronald D Kidd Dumb questions here but have you check the dampers to ensure that the basement vents are balanced well? If they are then I would go with wired if there are multiples you may have to run a new circuit as baseboard heaters can draw a lot. They also arent very efficient. 

@Naphese G. I do renos in Baltimore and I have done a lot of my own work. Mind you in Baltimore you will be limited to doing things like painting, tile, demo, framing, cabinets, etc. Things like electrical, gas fitting, plumbing, and HVAC will require a license. I have found youtube to be great. What kind of things are you looking to learn?

@Tim Jacob What is the name of the FB group?

Hello Naphese, 

I highly recommend having your own agent, especially in MD. The seller's agent represents and works for the seller. They owe the seller duties that they do not owe you. While they are required to be honest with you the seller's agent owes it to the seller to get the best price and work for the interest of the seller.  A buyer's agent generally costs you nothing. I never charge my buyers a fee.  Additionally, a buyer's agent can help you along the way and will fight for you if things go south in the transaction. 

You can ask directly since you are not an agent. I assume you contacted the seller's agent. Most states, I am aware of, require agents to present every offer. So you can write an offer or get your own agent to write it as seller financing. I am sure you can find an investor-friendly agent on here that will assist in IL.