All Forum Posts by: Joe Norman

Hey all, unfortunately we had to cancel this event.  I'll let you know when it gets rescheduled. 

Great Deshan!  Looking forward to meeting  you.

You're welcome David!  I hope you can make it - please RSVP via the Eventbrite link so that we can make sure we have enough refreshments for everyone.  If you have any questions in the mean time please let me know!

For clarification, the 203k loan program is restricted to those who certify that they intend to occupy the home as their primary residence.  Therefore this seminar is focused on home owners and not flippers - although anyone is welcome to attend.

Hey there Baltimore area forum members!  I'm hosting a seminar on the process of buying a distressed property using a 203k loan next Saturday, 10/24 at the Keller Williams Gateway office in White Marsh, MD.  I'll be co-hosting the event with Matt Weaver, a 203k loan specialist with Howard Bank, and local 203k Consultant Al Davis.  This seminar will be information filled and pitch free, so I hope you will join us if you are interested in House Hacking or building wealth through home ownership.

For more details or to claim your spot, please head over to the Eventbrite page for this event:  http://bit.ly/1FKUuJI

Please comment below with any questions!

Awesome work Rachel - I'm so happy for you!

I agree with Gabriel that there is a lot of competition from other investors and homeowners in the nicer neighborhoods around the harbor.  If you are looking for equity as well as cashflow then you may do better looking a few blocks further out like Highlandtown, Upper Fells Point (a different neighborhood then Fells Point), Riverside, or Charles Village to name a few.  Good luck!

Best of luck my man!  There are a lot of opportunities in Maryland for those who work hard and stay on focus.  Be sure to check in with BP regularly, its a great community.

Thats a very valid concern Ginger.  Have you asked him for referrals from past 203k clients?

Great idea!  A few thoughts, first is to make sure you are working with a team that is familiar with the 203k program.  This includes your agent, your lender, and your contractor. I think that most people's bad experiences with the program stem from not working with a team that knows their way around the program.

You're right that appreciation is not guaranteed - but that is true whether you go with a 203k or a traditional purchase.  My advice is to NEVER count on appreciation.  What you can count on is creating equity if your purchase price + rehab cost is still less then the home's after repair value.  Again, a good real estate agent should be able to help you out with this.

Good luck!