All Forum Posts by: Joe Norman

Hey all, I've got a rental property in Perry Hall, MD (just outside of Baltimore) and an applicant has a Special Mobility Housing Choice (MBQ) voucher.  I don't have a problem in principal with renting to a tenant with a voucher (I had advertised the property on GoSection8.com, which is how she found me), however I don't have any experience with it.  Is there anything in particular I should do or know about the process?  Any insight would be greatly appreciated.

I agree with Russell in that there are a lot of opportunities in Baltimore on the MLS that are overlooked by investors. However I do disagree with the characterization that "nothing moves quickly" - a quality rehab will go under contract quickly as long as it is priced and promoted properly. Its tougher to find MLS deals in Harford County, but they are out there.

Good luck!

Hey Andres, I'd love to connect to here more about your goals and how I can help you out. I noticed that there is no contact info in your profile, so if you would just shoot me an email  (address in my profile) and we can find some time to connect.  Looking forward to speaking with you.

Welcome Jack!  There is a lot of great opportunity to invest in Baltimore Real Estate, and this community (BP) is a great place to connect and learn. 

Awesome input guys, thank you! I concur that having written minimum standards is a good way to protect myself from potential discrimination claims.  I'm going to review all this in more detail and will get back to you if I have questions.  Thanks again BP!

Hey all, I've got a duplex in Perry Hall, MD (just outside of Baltimore) that I'm getting ready to rent out.  I am considering managing it myself and I figure I need to set minimum standards for who I will rent to (in terms of credit score, verifiable income, etc.).  Do you all have any hard guidelines you follow?  I'm new to land lording and i want to make sure I start off on the right foot. Thanks in advance for any advice on the subject!

Hey Anthony, thanks for your interest.  However please note that this event was CANCELED (see post above from 10/15).  If you have any questions or just want to network feel free to drop me a line.

Hey Alex, sorry I over looked the bed/bath/size info.  Can you email me some pictures?  My email address is in my signature at the bottom of this post.  Thanks!

Ryan already covered this this point, but its worth hitting on again: if you do a reno loan you won't be able to work on your own project (except possibly with the stream lined FHA 203k) as the bank will expect a licensed contractor do the work and be accountable for it. Also I believe the work needs to be completed in 6 months, so you wouldn't be able to take your time and learn as it sounds like you want to do.

Thats not to say that they aren't great options to consider, just something to think about when making a final decision.

Do you have any pictures or additional information such as sq ft, # beds/baths, basement, etc?  Thanks!