All Forum Posts by: Nana Twum Okrah

Hi, Does anyone know where to find Pasha's Residential Maintenance System spreadsheet discussed in episode 784? Dave says it's in "Resources", but I couldn't find it. Thanks

Thank you Ned, Alan C. and Ika. Much appreciated. 

@Ozzy Sirimsi

Thanks for the insight, Ozzy.

@Ozzy Sirimsi

Hello, thanks for response. Property is close to Hollins St and farther south of 40. Closer to West Fayette street.

Thank you Alan C. and Ika. Much appreciated. 

Thanks so much for your reply, Alan C. Referencing the $900, I was referring to net income. My only hesitation is the poor state of the property. But, and the amount of rehab necessary to bring it up to grade, especially given that I'm not too familiar with Franklin square neighborhood. Are you familiar with this area? Thanks

Property costs $115k, but needs approximately $90k of additional rehab. Estimating monthly income of $900. I'm not familiar with neighborhood and I've heard conflicting reports about investing in Baltimore, but I think rent is realistic. Property is close to the University of MD medical school and the Inner Harbor (main tourist area in Baltimore), so I'm excited about the rental prospects. 

However, I'm worried that the rehab cost is too high and may affect resale value and property appreciation, since I plan to trade up in about 2 years (1031 exchange). I'm hoping for a 3% annual appreciation.

Would appreciate any advise about, or direct experience with, risks of investing in this area, particularly about property values and rents. Thanks