All Forum Posts by: LeeAnn Owens

Have you thought about starting smaller if it's your first multi family? I did a HELOC on my primary residence for $100k to put toward a down payment on a 3-family ($430k). I was able to find a commercial loan that was only 20% down, and used the remainder to fix it up. Now I have almost $200k of equity in that so I can repeat the process. I'm glad I started small too, it's been a great learning experience.

Hi there! I’m looking to do my first fix and flip and I’d like to find a wholesaler to work with. Does anyone have tips on identifying a wholesaler and questions to ask before you begin working with them?

Thanks Russell! Looked at her page and sent an invite. I started househacking at 23 too, seems like we have some things in common!

Hi Savannah! My next purchase will be in Anne Arundel County or Howard County. 

Hey Scott! I know some great agents but I need to add some wholesalers to my network if you know any! :)

Hi Everyone!
Here to introduce myself. I live in Glen Burnie, MD. I bought a house here in 2020 and have rented out half of it to pay the mortgage ever since. Last year I bought a 3 unit in Upstate NY, where I’m originally from. I’m starting a real estate pre-licensing course in January and my goal is to buy another property next year. Looking forward to being a part of the community!

Don’t be afraid to raise it to market rate, but don’t forget the value of having a good tenant (if they are good tenants). You could consider having them take care of something around the property that you’re currently paying for. I was in a similar situation earlier this year, I had tenants that were paying under market rent and I didn’t want to increase it too much, so I raised it a bit but had one take over plowing and another take over landscapping for a small rent reduction. 

Hi Diane! 
I live near Baltimore, MD but I’m from Upstate NY originally. About a year ago I bought a 3 unit in Saratoga County NY (5.5-6 hours away). I was in a similar situation, I had $100k to put toward something, but that wouldn’t have gone very far in my market. Overall that was the right decision at the time, but if I were in a situation where I had time on my hands, I would 100% take that money to do a couple of fix & flips. I’d be happy to connect if you want to discuss that market!