All Forum Posts by: David Page

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Your property must have a proper roof to protect your investment.Better get the facts!

On our next “Connections” webinar, expert roofer Dave Wandel will address the top issues he’s encountered over the years. Including:

• When a roof needs to be replaced. Or would repairs suffice?
• Roof certifications. What they are and what they are not.
• Issues often overlooked by flippers. A roof may look fine from ground level — but what if it isn’t?
• Flat roofs. Including the differences in coatings. Of special interest to landlords with row houses.
• Skylights. Beautiful, but they often cause problems. When should they be replaced?
• Licensed and insured contractors vs. those who aren’t. What risks do you incur when your roofer is lacking?
• Answers to your questions. Bring ’em on!

About your presenter. Dave Wandel Dave is the founder and CEO of Charis Contractors, specializing in roofing since 1991. He added real estate investing to his business in 2007, and in 2015 became a full-time investor, thanks in part to knowledge gained at Baltimore REIA. Dave's holdings are in Alabama, Tennessee, and all around Maryland. His company is a Preferred Partner of Baltimore REIA. Why this is a must-attend meeting. Roofing is one of the least understand components of a property, yet one of the most vital. The knowledge you gain on this webinar could save you many dollars and headaches!

https://www.baltimorereia.com/the-real-estate-rental-cash-machine-may-2021/

Want to own a property that gives you money like an ATM… a dozen properties… a hundred? Learn how with this class!

You’ve probably seen TV shows or heard from national real estate gurus about the benefits of owning rental property. Some folks call it the B.R.R.R.R. strategy:

Buy the property — you can use cash or get a short-term hard money loan to cover the purchase and rehab costs
Rehab the property — so a good tenant will choose your property instead of someone else’s
Rent the property — Baltimore is famous for bringing you high rent for a modest investment
Refinance the property — get all your cash back (and maybe more), or pay off your hard money loan with a lower-interest loan that lets you earn cashflow month after month
Repeat the process — there’s no financial limit to how many properties you can buy, which means no limit to your monthly cashflow
Yes, rental income can dramatically improve your lifestyle and help you retire comfortably — even early.

What those gurus don’t tell you is how investing in rental property works right here in the Baltimore metro area. What the numbers look like here. Which neighborhoods are good here.

Now local expert Janet Tonkins offers her hard-earned knowledge to you. Janet’s class is packed with vital information and case studies that make the lessons come alive. The full day of content includes:

Why rental properties

Do you want cashflow for passive income ? Tax benefits? A higher net worth? Tax-free money from refinancing? A career change? Generational wealth? You’ve come to the right class!
What it takes to succeed: attitude, discipline, the right team.
How profitable it can be: $100k a year? $250k a year? Yes! It takes time, but it’s doable.
Finding and funding your rentals

21 ways to find rental properties.
Determining how much rental properties cost: purchase, rehab, holding costs, etc.
How to make offers on foreclosures — offers that work for both you and the bank.
13 ways to find the money to finance your business.
Creative financing and how it can help you make more profit on a deal… or get a deal you’d otherwise miss… or both!
The secret technique for buying with no money down — okay, not really a secret, but hardly anyone thinks of it.
Minimizing risk

Evaluating your rentals — determining your formula and sticking with it.
Buying below market value — the key to equity from day one.
Buying in the right area — an area that should stay right — that is, not be declining.
Having reserves — yes, you can leverage your money with debt, but don’t go overboard — stuff happens!
The one risk you should never take.
Getting the lead out (a multi-million-dollar liability issue, and not just in Baltimore City).
Boosting your return
Rehabbing a property to get more rent. (Granite in a rental? You may be surprised.)
Slashing your taxes — why pay more than you have to?
Subsidized housing vs. market rent — myths get busted here.
Refinancing a property, taking out extra cash, and using it to buy more rentals — again and again and again and again…
And much more

Building your team — the players you must have on your bench.
Property management — choosing and keeping tenants.
Who does the management: you or a company you hire.
Showcasing your property for a fast “yes” from a desirable tenant.
Tenant evaluation — how to weed out the bad ones fast, and how to screen the good ones so you know they’re really good.
Tenant move-in tips: how to handle utilities, trash cans, etc.
How you can personally fixed clogged toilets at 3:00 a.m. — not! You’ll hire people to handle this.
Do you see your future here? A future of massive, passive income, with rent arriving every month. It can be your future — if you gain the knowledge to make it a reality. Step one: take this class.

https://www.baltimorereia.com/connections-webinar-buy-and-hold-investing-whats-working-now/

Is this a good time to invest in rental properties? Yes! But only if you know what works in today’s market. Get the facts here…

On this “Connections” webinar, Janet Tonkins will give you her take on the current market and how it impacts buy-and-hold investing. She’ll address:

The high cost of properties due to scarce inventory. Is it still profitable to buy, fix up, and rent a property — that is, will it cashflow? (Hint: Lower interest rates make debt service cheaper.)

The impact of the moratorium on evictions. Is it something to fear or a manageable risk? Is there light at the end of the Covid tunnel?
How material price increases have affected the cost of fixing up a property. You want to finish that basement but the cost of framing lumber has skyrocketed. Plus, will you be able to get appliances when you get them? Proper planning is the key.

Janet is known as “The Baltimore Real Estate Diva” because she buys properties like other women buy shoes. Whether you’re thinking about becoming a landlord or you’re already in the thick of it, this webinar is for you. Bring your questions!

Want even even more of Janet’s wisdom? Attend her “Real Estate Rental Cash Machine” class, live and online, coming up fast. Get the details and sign up now.

https://www.baltimorereia.com/the-real-estate-rental-cash-machine-may-2021/

Do you have the right kind of insurance, and as much coverage as you need? Find out before you have a claim.

On our next “Connections” webinar, insurance expert Steve Luray will address:

Builders risk vs vacant property insurance: what’s the difference? When should you use one or the other? Are losses treated differently? This is vital knowledge for rehabbers as well as buy-and-hold investors.

Mixed-use properties. This insurance is more expensive than for other rental properties — why?

Assisted living facilities, sober living facilities, and shelters. They may be great opportunities for getting high rents, but what are the insurance considerations? For example: means of egress, who runs the place, are you leasing to a program that pays you, are they insured, and so on. Steve is getting a ton of these calls!

Umbrellas for rental properties. Can you get one? How much does it cost? Are your properties properly titled?

Insurance review: why you need one for your rental properties and your personal insur...

Why this is a must-attend webinar. So you can avoid financial disaster! Seriously, do we need to explain what insurance is for?

READ MORE:

https://www.baltimorereia.com/...

On our next “Connections” webinar, licensed electrician Donny Testerman will address the new electrical codes and how they’ve made a big impact on costs.

Donny also will share other lessons learned through his experience as an active real estate investor. His presentation will cover:

The new national electrical code changes. Including disconnects, surge protectors, and GFI breakers

A bombshell from Baltimore City. If you do even minor electrical work and the house has any knob-and-tube or BX wiring, guess what you have to do?

Material availability and cost. Last year breakers were in short supply. Now it’s 14/2 wire: what used be $48 is now up to $100, if you can even get it.

The impact of Covid disruptions on other essential items. Maybe you should buy appliances early to make sure you have them when you need them. Also, have you bought a 2×4 lately?

Answers to your questions. Bring ’em on!

About your presenter. Donny Testerman is not only a professional electrician, he’s an active rehabber and landlord. So he understands exactly how electrical and other items impact your bottom line, whether you’re flipping or investing to buy and hold.

Why this is a must-attend meeting. Donny recently did a project where the investor got a rude surprise: a $4,000 increase in electrical costs due to the new requirements. Don’t let it happen to you!

https://www.baltimorereia.com/...

Connections Webinar:

“Hard Money vs. Private Money: What’s Best for You?”

https://www.baltimorereia.com/...

How should you fund your deals? The answer impacts your bottom line in a big way. Explore your options before you need funding:

Hard money, private money, other ways of funding deals — how do you determine your best option?

Your method for funding a deal is one of the most important decisions you’ll make. On our next “Connections” webinar, local expert Gary Kenner will:

Explain which comes first, finding the deal itself or finding the funding for the deal

Address several ways to fund a deal, including banks, owner financing, and equity partners

Focus on two popular methods: hard money and private money — how they’re alike and how they differ — typical terms — and pros and cons

Gary will answer your questions, too, so bring ’em on!

About your presenter. Gary Kenner has spent his entire career in real estate and has completed over 1,500 deals. His diversified portfolio spans four states. Gary is a hard money lender, commercial loan broker, and licensed realtor. He also moderates our Strategies Harford Meeting.

Get even more of Gary’s wisdom with our new, live, online “Fund Your Deals Now” class on Saturday, April 10. Gary dives deeper into your funding options and gives you a FREE BONUS: an outline for an Application Package to prepare you to speak to any potential lender — hard money, private, bank, your grandmother — with confidence.

https://www.baltimorereia.com/fund-your-deals-now-online-class/

Want funding for your first deal… your next deal… all the deals you can handle? Learn how to get it with this class!

Your instructor: Gary Kenner,
veteran investor and lender

What kind of deals could you do — and how many deals — if you were confident of funding them?

Funding is all-important in real estate investing. What are your options for borrowing money?

How much will it cost you? And how can you convince lenders to work with you?

Equally important: how can you secure funding now? So you can make an offer on a good deal — an offer with money behind it — before someone else gets it.

Let Gary Kenner show you the money — who has it, how to get it, how to negotiate terms, and how to get it quickly — with his “Fund Your Deals Now” class. In this powerful half-day class Gary covers:

The many ways to fund a deal, because deals are different and you can’t rely on just one strategy.

Money or the deal: which comes first? (We’ve already hinted at the answer to that one.)
How to fund rehabs: the purchase and the rehab costs.
How to get short-term and permanent funding for buy-and-hold investing.

How to qualify for a loan.
The differences between hard money and private money.
The pros and cons of different types of loans.
How to get proof of funds, so the seller knows you can close.
The types of financial institutions and which are best for your situation.
Owner financing — yes, it’s possible! And it’s usually the cheapest money available.

How to identify a partner and work a deal with one.
How to tap the power of a self-directed IRA, whether it's your own or someone else's.
Gary will take your questions, too. So come prepared, and get answers from the expert.

FREE BONUS!
This class includes an outline for an Application Package to prepare you to speak to any potential lender — hard money, private, bank, or your grandmother — with confidence.

The Baltimore area market is tight! Savvy investors are using Privy, "The MLS for Investors," to find opportunities for virtual wholesaling and more in other markets as well. Privy's real-time data helps you…

Determine the BEST AREAS to invest…

Find ACTUAL DEALS worthy of offers…

Do ACCURATE COMPS to make offers quickly and confidently…

Make strong, smart, WINNING OFFERS instead of useless lowball offers…

Build a BUYERS LIST of investors who are active now as the pandemic winds down…

Do it all here in Baltimore AND BEYOND!

https://www.baltimorereia.com/...

MORE DETAILS HERE:
https://www.baltimorereia.com/bill-noll-webinar-and-workshop-march-2021/

How much value can Bill give you in a workshop? You will be amazed at the wealth of content, as he shows you how to:

Protect yourself with only two LLC's for any number of properties, saving thousands

Become “lawyer repellent” with Bill’s Power Attorney Letter — one of his students saved $11,000

Prevent legal disputes, saving you lawyer fees and stress

Shield your personal assets from attachment

Protect your equity with a little-known yet powerful technique

Defend yourself against nasty IRS attacks and prev costly audits

Legally deduct all of your educational and start-up expenses even without having yet done a deal — these tax savings can be a major windfall for you this year!

Take advantage of tax-saving secrets your CPA does not know — laugh and legally save thousands every year

Save on accounting legal fees

Avoid bad, expensive advice

Create HUGE deductions with NO cash out, yet pocket TAX-FREE CASH

Deduct any amount of property losses with no limits

Avoid the BIG COSTS of being a dealer

Sell properties tax-free — and keep all of the equity

Avoid entities that cause you to overpay taxes — and get you audited by the IRS

Use tax-saving strategies the entire year — not just on April 15 — from January to December — for savings and more savings

Want to lend money with a self-directed IRA? Invest in notes? Learn how at our next…

Strategies IRA Meeting via Zoom

Presented by John “Jack” F. Kiley, CPA, CISP,
Managing Partner, MidAtlantic IRA, LLC

Join us online on Tuesday,
March 23, from 6:30 to 9:00 p.m.

This meeting is FREE for all,
but the number of lines is limited.

Sign up now to lock in your place.

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