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All Forum Posts by: Langston Washington

Langston Washington has started 10 posts and replied 19 times.

Post: Private Lenders in the Baltimore, MD area

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

Where do you find you Private Lenders, specifically in the Baltimore, MD market? Who do you use to write up the terms?

Post: Looking for Financing

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

@Sam L. Already spoke with him they still have the same DTI guidelines

Post: Looking for Financing

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

Looking for a lender in the Baltimore, MD area that will accept a higher DTI, the client has 660 plus credit, and about 10-15k to put down. Look up to 110K

Post: Looking for seller financing

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

Hello all,

I am looking for a seller financing property in the Baltimore, MD are. I would like to have a multi family property but a single family works as well.

Post: 5209 Pembroke AVE Baltimore, MD Fix and Flip

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6
Originally posted by @Gayle Melnick:

Wow! Congrats. I looked it up on Redfin. The photos of the finished product look great. 

Were your estimates for the purchase price, rehab cost, and ARV accurate? Any surprises along the way?

 There is always surprises. Got to make sure you have a good support system to work through them.

Post: 5209 Pembroke AVE Baltimore, MD Fix and Flip

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6
Originally posted by @Jordan Rundell:

$30k seems pretty inexpensive for an almost full gut.  Did you do a lot of the work yourself?  Looks great!

 I used other people money. OPM for the rest of the deal. The total rehab was around 70K.

Post: 5209 Pembroke AVE Baltimore, MD Fix and Flip

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,000
Cash invested: $30,000
Sale price: $229,000

Single family residence that we did almost a full gut.

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

The spread between fix and profit

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

Through a real estate agent

How did you finance this deal?

Hard Money

Post: Investors in Southern Central Part of Maryland

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

DC, Southern MD, Virginia, and Baltimore. What are you looking for?

Post: Turnkey Companies in Baltimore MD area

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

Can someone recommend to me any turn key companies in the Baltimore, MD area?

Post: Looking for Real Estate Attorneys that service Richmond, VA area

Langston WashingtonPosted
  • Real Estate Agent
  • Richmond, VA
  • Posts 34
  • Votes 6

I am looking for Real Estate attorneys who service the Richmond Va and Hampton Roads area. I want them to have knowledge around contractor contracts. Thanks!