All Forum Posts by: Kodie Altvater

I actually have the book on order! I ordered it just last week. Hopefully Amazon makes my Christmas wish come true soon. ;) thanks for the great advice!!

Hi bigger pockets, I've been spending a ton of time reading the forums and I love it! Hell, I went to engineering school and I feel like I learn more on here than I did in school! I'm currently in the process of finding a place to rent out/house hack in Canton, Baltimore. I feel like I've found a perfect place that fantastic buy and hold; however, the place is a foreclosure and it needs plenty of work. I've shot off a few emails to try and get some estimates but I'd like to hear what you guys think? I've done the numbers and with a conversion from 3-4 bedrooms, I've calculated a ROI at minimum to be17% fully rented and about 7% if I'm living there. This would be minimum based on if all things go to hell, like ARV too low, etc. Here are the numbers and the major things that I think need to be done. Details: 3 bedroom 1 bath, 1400sq ft row home. Wish: 4 bedrooms 2.5 bath. The bedroom layouts are fine but absolutely need to be redone. (The walls are the junk and the entire house has drop ceilings). Additionally, the basement is completely unfinished. The basement also appears to have some structural issues. Old owners did a patch job but there is bowing of the brick and seemingly some concrete separation from the wall. The basement door also shows a slight sag. As for the separation, I'm no expert but I think it's a possibility that the previous owners started a french drain project but gave up.. How much money would you expect a finished basement with added bath and structural fix, gutted and redone rooms, complete conversion from drop ceiling to drywall, an expanded kitchen/reno, and added bathroom to the main floor, cost? I'm really trying to get a feel for what I'm in for and so any thoughts, advice, or insight for the newbie would be fantastic!! Also, if anyone is interested I'd be willing to go over more of the number details of the potential rehab!

Thanks Linval!! This is great information. I'll take a look at all of this! Absolutely, I'll give interaction wherever and whenever I can.

Hey all! My name is Kodie I currently live in Canton, Baltimore city. I moved to Baltimore about a year and a half ago from Penn state/Pittsburgh, PA for a job in Electrical Eng. I've always exercised the idea of real estate investing but never had the capital. Finding BP recently really gave me the motivation to get the ball rolling, and so I actually just got pre approved for a mortgage. I'm looking to live in a place with roommates to start out but I'm also open to turn keys, flips, etc. I'm really just looking to learn. Any help, knowledge, or wisdom any of you could send my way would be tremendous!! Thanks and I look forward to talking with you all!

Hi all! My name is Kodie and I currently work and reside in Baltimore city. I've lived here for about a year and a half but I'm originally from Pittsburgh, PA. I work in the area as an electrical engineer and in currently pursuing my masters degree at Hopkins. I've always exercised the thought of getting involved with real estate, but never had the opportunity to start. I recently found BP, which helped in finally giving me the motivation to start investing! I also just got approved for a mortgage and so now I'm actively looking for deals. Any thoughts, advice, or insight would be helpful! I look forward to getting to know you and the BP community!