All Forum Posts by: Richard Bailey

Tiffany Jones Call my dear friend that is an executive with Harbor Bank. His name is Ulric Donawa. Send me a direct message and I will share his mobile number with you. This is a local bank based in downtown Baltimore, with one of their branches located in PG County.

Many banks make you do more work than what it is worth. Then they insist on over pricing the property. But like anything else it's a numbers game, and you need to pay your dues before anything becomes easy.

Christian Givens Welcome to the BP and welcome to the DC metro area. I'm always available for questions. I've gotten a lot of being apart of BP and I'm always looking to give back. I'm about to start a rehab in Hyattsville as soon as my permit is issued. You are welcome to stop by and check out the progress. I'm looking to have this house on the market by the end of June.

@Brooke Webster

Welcome to BP Brooke.  

I love Scottsdale.  My wife and I was in Sedona a few years ago.  

BiggerPockets! It’s a great place to learn as much as you want about investing and meet the people you want to meet.

Here are a few recommendations to get going in the right direction:

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All the best. 

@Anderson Lioyn    I have a lot of answers for you, particularly since we both live in Hyattsville.  I have been living here for the past 5 years.  I actually moved into a flip I was in the process of developing, I loved the neighborhood and decided to stay.  PG County is a diamond in the rough.  I have made a good living selling flips to investors in NW over the past decade, but that party is over, as the prices have gotten to be unreasonable and the margins too thin.  

Now it is the time to look into other areas, but you need to know the back story for any neighborhood that you are trying to invest in.  It don't matter if you are buying to live in the neighborhood or to flip.  You must understand the story behind the neighborhood that you plan to invest in.  The information you need is free, you just need to spend some time doing the research, or you can just ask a guy like me.  

I strongly believe in south Baltimore for many reasons which are not hard to find if you know where to look.  Hit me up and will be glad to share my war stories and success stories about DC, PG and Baltimore City.  

There are no short cuts to success.  

@Mike Hurney

Do you have an answer?

@Crystal Smith

Thanks for following me on BP.  I'm sure I can bring value the plans that you have in real estate.  

I would begin by recommending that you stay away from Hard Money, and establish a relationship with local neighborhood bank such as Harbor Bank.  I recently closed on property (flip) where Harbor supplied the purchase and renovation funds.   You should reach out to Ulric Donowa, at Harbor Bank, and tell him I told you to call.  

If you reach out to me, I will answer any questions you may have.

@Ray Dorsey

What is your website address?

You should have a good qualified home inspector go through the property to assure the property is structurally sound if you are really concerned.  Make the seller pay for any deficiencies.  

Ron Lef You get the Pro designation by upgrading your account. Let me know if you have any other questions.