All Forum Posts by: Joseph England

I have a 12 turn key rental portfolio in Baltimore City. All 12 properties have been fully rehabbed in the last 3 years. All are currently occupied and professionally managed. Asking price is $990,000.00

Email me at [email protected] for more details.

Joe England

@Bob Green,

Yes it is. All 10 Properties are rental rehabs. Each property has had a full rehab within the last 3 years. Every property is rented and is professionally managed. 6 of the four properties are over $100K the other four are estimated about $40K in value but they rent for 1K a month. The total cap rate for this portfolio is 12%.

I am looking for private lending to buy out my partner in 10 property rental portfolio. This rental portfolio is made up of 10 single family homes in Baltimore City, with a cap rate of 12%. If interested please email me at [email protected]

Joseph England

10 single family properties for sale in Baltimore City. Portfolio recently rehabbed in last 3 years. 12% CAP rate; over $12,000 in gross rents per month; $60,000 NOI/year. All properties are within a few miles of major universities (Towson, Morgan State, Johns Hopkins) and hospitals (Med Star, Johns Hopkins Bayview). Sellers are moving overseas and motivated to sell. Offering summary available. Please email [email protected] and [email protected]

Offering Summary: https://www.pdf.investintech.com/preview/0b033798-9570-11e8-b59b-0cc47a792c0a/index.html

@Shautauqua Downs  it all depends on what your looking for and what is your price point. Your price range will be the biggest determination for the areas you should start in. Are you trying to flip or rent? Are you looking for distressed properties to rehab or rental ready properties? If you are trying to rent are you looking for higher returns or better areas. Usually the better areas have the lower cash flow returns in Baltimore. 

@Shadonna N. its area called Biddle Street in the 21213 zip code

@Nicole A. yes its basically, the same thing. Yes the property required too much exterior work and it wouldn't have been worth the cost.

@Nathan McQueen I sent you a message.

@David Hathaway Yeah its getting harder in the rising housing market. Local banks that were more aggressive in their lending strategies are starting to pull back and become more conservative. Send me a message I can tell you which two banks I recommend. 

@Ned Carey that is great point. I apparently wrote this half asleep haha.

Hello Everyone,

I am starting a new wing of my company, a turn key business and I have my first two properties. These properties are brand new renovations in a nice quiet pocket of a low income neighborhood. I have 6 rentals in this area and these are my best rental returns. 

Both properties rent for $1,100 each and the asking price is $55k for each. This comes with a tenant and property management already in place. These properties also come with lead certificates. 

Both properties are brick row homes and are complete renovations to include new roofs, vinyl flooring, ceramic tile, new bathrooms, new kitchens with all new appliances, to include washer and dryers.

Address:

2602 E Chase St, Baltimore, MD 21213 (pictures on blog in the link below)

2608 E Chase St, Baltimore, MD 21213

I have also included the link below to one of my blog posts where I have the before and after pictures of the renovations. Its halfway down on page 9 of the comments.

https://www.biggerpockets.com/forums/223/topics/37...

Let me know if you are interested and I can provide pictures or arrange a showing.

@David Fernandez Would you care to share the local lender you work with?

For everyone else the local bank that I ended up using was Revere Bank.