All Forum Posts by: Kyle Deutschmann

 Hey Jacob, what part of Baltimore County? I've got some great agents I've worked with - would be happy to put you in touch with one of them. 

 Hey Rich, I've got several hard money lenders I'd recommend, not necessarily local to you but local to me and they'll treat you like a local no matter what state you're in. Let me know if still looking for someone. 

Thanks @Brian Tome hope so! And thanks @Sara Frank! @Brian Tome

Well funny enough, I'm actually doing the opposite and eyeing the eastern shore!  Baltimore is definitely a city you should know before investing here... or at least have good 'boots on the ground' you trust who understands the different neighborhoods, preferably someone who has both lived in and invested in the city themselves. It's a very "block-by-block", [unfortunately] historically redlined city, with $100k fluctuations in property values from one street to the next in some cases. 

 Welcome Annette! This is a great place to network - lots of people on here I've personally learned a ton from, done business with as both a vendor and customer myself.

I'm biased, but I like investing in PG and Baltimore City - both areas where there is a lot of development activity and also still a lot of potential in my opinion, for different reasons in each area. Eastern shore is also an area I'm eyeing along with Baltimore County and even Howard County if I can find a decent enough deal. MoCo is nice but has increased in value a lot just like DC and NoVA so I would imagine it would be harder there, but I'm not really personally looking at those markets too hard so I could be wrong.

I co-host a meetup once/month in Laurel - I'd be happy to pass along the details for the next one once it's posted if you're interested.

 Welcome Jules! I own a few rentals that I manage in MD and also co-host a real estate investor meetup once/month in Laurel, MD (halfway between DC and Baltimore). Happy to connect or let you know about our next event . 

Investment Info:

Single-family residence buy & hold investment.

My newest house hack in Baltimore City, Maryland! This time in Canton! Details to come..

What made you interested in investing in this type of deal?

#iBelieveInBaltimore - but seriously, I think Baltimore is ripe to finally 'pop'.

How did you find this deal and how did you negotiate it?

Off the MLS. Sat for months while interest rates went up. I put an offer in right around the time interest rates peaked at 8%. What an awesome time to buy! Zero competition, price drop, biggest seller credit I've ever negotiated to cover all my closing costs plus $5k in repairs. And now rates are almost 1.5% lower already! #buynowrefilater

How did you finance this deal?

Good old conventional financing - low interest, low rates! (well as low as you can go these days without a bunch of points upfront)

How did you add value to the deal?

Working on it as we speak

What was the outcome?

Hopefully positive.. fingers crossed!

Lessons learned? Challenges?

Challenges: buying a house at the same time as a needy puppy can be challenging and time consuming.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Worked with a great realtor, lender, insurance broker, awesome title company rep, great inspector, handyman, and contractor. All around all-star team. Not the cheapest, but as with anything... price is what you pay, value is what you get.

I've got several I could suggest.  I'll send you a message

 What's your #? Sent you a DM and email. 

We have two tables. Turn right when you walk in.