All Forum Posts by: Ruby T.

Hi @Travis Paez and @Steve Bradigan ! I'm actually just up the road from you in almost-Pasadena. Zip code is Baltimore (actually, Curtis Bay), but close to Pasadena. 

@Rob Gribben  - I'll check out that area! Thanks :) I plan to spend some time driving around Dundalk in the coming weeks to check things out. Meanwhile, I've found a couple of places here in pasadena that have potential. Oh, and about HdG - I have no idea how home prices are there now (I'm kind of burying my head in the sand on that). But I will say our house there meets my brand new 0.6% rule. *sigh* Although, if I go back to our purchase price and money in, I suppose we are doing about 9% cash on cash.  It wasn't a great purchase, but we just couldn't stomach the actual loss.

@NA Jones - condo financials are a big question, that is for sure. I will definitely be checking them out. The places I'm looking are currently FHA approved, so I think that is a good sign that people are at least paying. I'm not 100% sold on the condo, but right now I'm working on getting the husband/handyman into the game. 3 years of the SFR with great tenants has helped him see the light. But he isn't so keen on taking on another SF in the price range we are looking. Since posting initially, I've also contemplated Dundalk. Also, we are really close to Brooklyn, which has some decent pockets in the county. But it's going to take some serious convincing to go with another SF at this time. But at least I've given up on pig town (my thinking a year ago).

Edit to add - husband is my jack of all trades (except HVAC and roofing), master of one (electrical). So property has to have his OK and has to be something he will work on. And he won't do plaster.

I was thinking of going to this one, but work is getting in the way. Instead I'll be flying over the meeting when I leave BWI tomorrow evening. Hopefully I'll make the next one!

Hi all! Thanks for the welcome!

@NA Jones - I worked in Bethesda for many years. My office moved out to Gaithersburg. Yes, I commute from Baltimore. I love where I live :)

Hi everyone,

I haven't posted before, but I've been lurking for a couple of years to get motivation. I've finally decided I am going to do this, so I thought I'd post my into as a commitment to get serious. 

I grew up in a real estate family. My father bought his first rental before he bought his own home. Traded that into some land that he subdivided. And then those profits went into his first commercial property, which is what I remember from childhood. My first job was to clean parking lots on weekends. Oh, and this was all while keeping his full time job. He did have partners, which are still his best friends 45 years after they started. Proof it can be done 

As for me, I just have one SFR. Really, it was supposed to be our second slow flip, but it got caught in the crash. Alas. But it (barely) cash flows, so there is that. Looking at property number 2 for my "portfolio." I think it will be a condo near where we live now. We live south of Baltimore, but I don't want to get into baltimore city properties. The cash flow is there on paper, but I would rather have a class B, and I don't think we have the cash for another class A- SFR. I've done the math several times, and it should end up with cash on cash of 15-20% on the condo.

I've been wanting to do this for about years. My husband, however, did not have the same childhood education in real estate, and it still a bit bitter about our 2007 mistake. But, it's been 4 years since we bought a house, and I need a new project :)