All Forum Posts by: Laura Jimenez

That's helpful @Russell Brazil, thanks! What have you found to be the rental DOM during spring/summer?

Hi,

I'm looking to find three things in Frederick, MD: average days on market for rentals, property managers and general contractors. Thanks!

This is really helpful, @Jaysen Medhurst, thanks! I'll do some more digging on the utilities. This is in a good neighborhood, so it definitely warrants further investigation. I really appreciate you taking the time to respond.

Looking to get into a cheap first rental property. 

What do you think of this deal?

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@Tim Herman Got it! Thanks!

Smart, thanks Tim!

So I was also considering cashing out some money from my 401k to pay for the 18% down payment?

I know that I will have to pay a 10% penalty and income tax on the withholdings.

I've been thinking lately that my money would be better invested in rental properties like this than the stock market.

What do you think?

Thanks for the info everyone.

Seems like the credit card idea is just stupid and I'm missing some important expenses. 

The major issue is the real asking price for this place is $299,000. I was planning on trying to negotiate this guy down.

I think even after the 25k price drop it will still not be workable.

The real estate in the area is just overpriced. 

May try looking in the Hagerstown MD area for a cheap starter.

What do you think about using a 0 interest credit cards to cover the missing down payment

Then use the cash flow to pay off the card?

Thank you for your insight.

I'm coming to the conclusion that I just need to save a little more money before I get started.

I may consider it for a house hack but like you said the PMI needs to go.

Chris