All Forum Posts by: Kal Wol

Hello awesome BPs

I have been close to have a good deal on property in Silver Spring MD and a good cash offer has win it and I am back to looking again. I am not finding that much good deal from the MLS only and I want to partner with anyone who has a good, most probably off market deal, properties in Montgomery MD county and wanted to partner.

I am fairly experienced but not much experienced in the real-estate arena and whoever wants to work with me can set good acceptable rules of the industry while working on this.

Basically I am looking to buy property that need repair and can be bought with lower amount considering the rehab. Please let me know what more information you need, DM me and we can take it from there. Hope to hear from someone soon.

Sure will do that, if you know any office or service that will help on this, I would be interested to use their services.

Again, thanks a lot @Russell Brazil.

Thank you for the response Russell

Can updated basement be considered as ADU then, like basement with stove in it?

Hello awesome BPs 

I am in the process of buying a SFH in montgomery county MD. The house has a bit of potential for rental as house Hack as we are planning to live in the upper part and rent the basement.

My questions is, is that possible to convert the basement into 1Bed 1Bath, with over in the kitchen and shower? The shower is already there, the one thing I am not sure is about the oven to put it in the basement. I believe that will make it a multi-unit family. Also, if there is not HOA in the community, am I allowed to make modifications on the house in the process of changing it to multi-family?

Thanks,

@Russell Brazil much appreciated. Thanks a lot.

 Thanks a lot @Russell Brazil for quick response. With that said, for sake of comparison, where would I get the those deals. Are there specific websites for it or are they done through networking only?

hello awesome BPs

I have been looking into the investment properties off of the MLS and that has been a real challenge for the past 9 months to make a cash flow with different scenarios including sublets - there are a couple of regulations in this area also.

I am looking into the market of Montgomery county MD. Which is one of expensive areas to invest in. But recently I came to learn that deals that are outside of the MLS are better in making investments than the MLS ones.

The thing is, I don't know where to begin to see of the off market deals. I have seen some websites which are listing some properties but they require more information from what I see to see the deal. I think I was spoiled on the MLS for getting the information for free.

So the question is what is the best way to learn about the investment opportunities that are out of the MLS? Sorry if it is a very obvious question and hopefully someone will help out on this.

Thanks a lot.

 @Kyle Deutschmann very good points, I haven't deeply thought about the dispute part indeed. That might need to be written out and need to be handled accordingly. Thanks for a great information on that. That is why I love BP, it brought a good and experienced people like yourself to shade light. 

I have broker that I am working with for now, should there be any need, I will definitely contact you. Thanks a lot.

 Thanks @Andrew Postell

Hello awesome BPs.

I in the process of planning to rent the rooms of the townhouse, 3BR 2.5Bath with basement. This is in montgomery MD. I wanted to know if there are any legal things I need to know regarding how many people can be rented out in the house? The basement is a walkout and based on what I gathered if it has an external exit, this one doesn't have a window just door, it shall be treated as bedroom provided I provide a closet. I am also thinking to rent the basement.

Also, anything to be aware of regarding the common area sharing, in this case laundry and kitchen? I am just asking to see for anything that I should be looking for from the legal, insurance and some other angle that I should be aware before i jump into it with the assumption someone has already gone with this and have some insight. 

As always, thanks in advance.