All Forum Posts by: Miranda Mayuiers

@Russell Brazil that makes sense! I won't be renting out the home in VA as I live there full time and commute to Baltimore part time. So I can see why that would be an issue. Thanks for the lender referral too! Really appreciate your time and input.

@Russell Brazil the lender I was working with said I'd have to do 20% as I already have a primary residence and driver's license in VA. I obviously would prefer the 3-3.5% down you and @Ozzy Sirimsi mentioned, who do you go through and is it a special kind of loan? Thanks in advance, I really would like to support growth in Baltimore!

@Ozzy Sirimsi thanks for the excellent info! How have you connected with traveling nurses to advertise your rental? Would love to hear more about your experience with renting to traveling nurses/physicians and Hopkins students.

@Russell Brazil thanks for the suggestion! I was considering that too, my concern is the downpayment cost for those as a first-time home investor. I'd be looking turnkey or close to turnkey, I don't think a full out reno is wise on my first investment. But I will look into some multifamily or 3+ room properties and see!

Hello, I have a unique situation. I work for Hopkins and during the pandemic we relocated about 130 miles away. Now that people are going back to the office, I am coming to the city for three days a week. Two hotel nights and parking is costing me $1,175/month. I've been doing this for six weeks and I can't help but feel like I am throwing money away.

I am considering investing in a property in Baltimore and living there part time, renting out the rest of the rooms. This would be considered an investment property as I own my house in my new state. So this would require a chunk of change (20% at least) down plus I would still be an occupant so I couldn't rent out my room.

I am looking at 2+ bedrooms 2+bathrooms in grade A areas like Canton, Fells Point, etc. I am also considering select areas near Hopkins Hospital.

How would you measure success or if this is a good investment given the above? I will be paying over 1K regardless if I continue in hotels, but I also recognize me living there PT cuts down the cash flow. But I would rather own something vs. throw money at a hotel.