Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 16 times.

Post: Getting Rejected by a Brokerage Firm

Account ClosedPosted
  • Involved In Real Estate
  • Brooklyn, MD
  • Posts 18
  • Votes 6
No. I've been on three " interviews" and all of them were sales pitches on what their company had to offer me. If your an investor I recommend staying away from the large franchise companies and look for a smaller, discount brokerage. The difference being, you get name recognition with the big company for which you pay for in regards to your split (50/50) and franchise fees. With a smaller discount firm you can find companies, at least in maryland the offer you 85% of your production. No matter what, tell them your intention is to be a full time agent. If you have to work another job, that's your business. Most realtors are independent contractors and set their own hours.

Post: The Truth about Wholesaling!

Account ClosedPosted
  • Involved In Real Estate
  • Brooklyn, MD
  • Posts 18
  • Votes 6
Get a Realtor on your team and then you will have access to the MLS Data. Explain, straight up to your potential team member how you plan to conduct your business and if it's a win-win for everyone, your team will grow. All you have to do is be loyal  to that one person and they will be loyal to you...If not, there never was a team!

Originally posted by @Bianca Hood:

"since I don't have access to the MLS I am not able to give accurate figures for ARV".

Post: Baltimore water bills and tenants

Account ClosedPosted
  • Involved In Real Estate
  • Brooklyn, MD
  • Posts 18
  • Votes 6

@Nicole W. I found this on the Peoples Law Library. Hope it helps. 

http://www.peoples-law.org/keeping-your-house-out-tax-sale

  • Call your county government and inquire if there are any programs available to assist you.
  • For Baltimore City residents
    • If you have received an incorrect water bill, contact the Department of Public Works and request an information conference.
    • If you have had a water leak, contact the Department of Public Works and request a credit.
    • If you a Baltimore City resident, 65 or older and have a maximum income of $25,000, you can qualify for a Low Income Senior Citizens Water Discount, which may reduce your water bill by 35%.
    • For any billing issues including obtaining credits, call the Department at 410-396-5398.
  • If you are having issues paying your electric bill (which does not trigger a tax sale), you can apply for energy assistance. Call BGE at 410-685-2200 or contact the Office of Home Energy Programs at 800-352-1446 (Baltimore City residents should call 410-396-5555). Grants can help with past-due amounts and future payments.

Post: Contemplating Maryland RE License???

Account ClosedPosted
  • Involved In Real Estate
  • Brooklyn, MD
  • Posts 18
  • Votes 6
David Taylor I think it's all about the delivery. Most people are pretty cordial when I disclose I am an agent, even the ones that don't want to do business with me.

Post: Ready to take the next step but.....

Account ClosedPosted
  • Involved In Real Estate
  • Brooklyn, MD
  • Posts 18
  • Votes 6

#John D. Yes, I would be purchasing the next home as my primary residence.

Post: Ready to take the next step but.....

Account ClosedPosted
  • Involved In Real Estate
  • Brooklyn, MD
  • Posts 18
  • Votes 6

financing is an issue. I currently have a SFH that is my primary residence. I have renters lined up that would like to rent my place but I am having difficulty getting financing. I have spoken with three lenders and they all require a minimum of one year of income from the property, along with tax returns showing the income before they will allow me to qualify with the rental income.My debt to income ratio is maxed and there isn't much I can do to raise income in the short term. Should I stay in the house and focus of debt reduction, rent it out for income and live in an apartment for a year or are there options out there that I'm missing? I have spoken to a mortgage broker, community bank, and a large national bank.