All Forum Posts by: Kyle Quaranta

Do you have a loan on the property? If conventional, an LLC may not be an option

Welcome to BP. I'm also a MD CPA in the Baltimore area, so I look forward to getting to know you more.

I agree with Tim on the lead-free. Leadtec will do the complete inspection and can tell you exactly where the issues are located (if any)

Diversification is key to long term stability and growth...you shouldn't only be invested in one area regardless of the amount of money you have or the current markets/situations.

Will Ulmer have you looked around Towson? That gets you out of the city and into County tax range, which is way more reasonable

Welcome, Will. I'm also early on in my career in the Baltimore area. Are you thinking something like a college townhouse? Any idea which school/area?

What part of Baltimore Co is the second option in?

Most realtors should be actively marketing, but I agree with the above...just be honest with your intentions and goals. One thing I'll add is most realtors like to either see some form of pre-approval for lending or discuss that early on, so I would speak with a lender if you haven't already.

If he paid cash, then whatever property tax plus insurance comes out too, so probably 250-300 in expenses per month. Unsure of his total rehab costs.

Same inventory, just quicker, more efficient searches. His cash flow will be 600+/month before factoring in things like vacancy, etc.