All Forum Posts by: Nicole B.

@Kendra Rodwell I think that @Joe Norman is absolutely correct although I would say an AVR of 120k instead I’m only in my second year of full time investing but I noticed that “flips” between 40k and 70k do tend to sit longer my first two flips were like what youre trying to do and they took forever vs a flip that I’ve just completed I had interest even before the house was complex and that was at 137k. Also don’t limit yourself on the budget I’d say that’s one of the biggest things I regret in my first year. I paid a lot of cash on a lot of small deals ( purchase price 20k rehab 15k selling at 50k to 60k) but if I would have just learned to leverage sooner I could have made so much more . I’m in the same boat as you I’m looking for Hard money to better leverage deals as well as private money just make sure your not afraid of the deal and don’t limit yourself to much

Where was your 137k house? I'm about to list a flip right around that price. Just curious.

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Welcome to BP! I don't know much about the CO market, but I'm based in Baltimore. We're heavy on the rentals, so if you're looking for some passive income, keep an eye on Bmore.

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Reach out to David with Turn Key House Inspections.

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Check out Trius Lending Partners. Dave Bond is a great dude! You can tell him I sent ya.

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Hi, Kyle!

If you go by @Ned Carey's advice, here's a screen shot of sales in that price range in the last 180 days. Next step would be to research rents in those areas. Sometimes, you can find multis, too. Goodluck!

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Originally posted by @Russell Brazil:

Originally posted by @Nicole B.:

I'm in Baltimore as well, and taxes are high, but housing prices are low. Rentals are in high demand and there are still plenty of distressed properties for flips. It's a city worth looking into. Just make sure you create an LLC in MD to purchase the property to save yourself the 7.5% transfer taxes.

No where in the state are transfer taxes that high, nor are LLCs exempt from transfer taxes?

I was talking about the non-resident sales tax when the property is eventually sold. That's a hefty fee if the owner is not a resident of MD!

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All Forum Posts by: Nicole B.

Nicole B. has started 17 posts and replied 136 times.

Post: Looking for Realtor in MD or DE area

Post: Goal of 5K month - best way to proceed?

Post: Goal of 5K month - best way to proceed?

Post: Looking for HML or PML in the MD area

Post: Intro: Boulder,CO newbie ready to dive in !

Post: Good home inspector in Baltimore?

Post: Looking for HML or PML in the MD area

Post: Hot rental areas in Baltimore

Post: Property Taxes where you are or invest?

Post: Property Taxes where you are or invest?