All Forum Posts by: Shane Monahan

hi I'm looking for a reference for a good drywall finisher and , i am also looking for a window installer in the Baltimore county/Dundalk area.

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Quote from @Troy Sanders:

Quote from @Shane Monahan:

Quote from @Troy Sanders:

Quote from @Shane Monahan:

Quote from @Troy Sanders:

Hello all!

I'm a newbie with one LT rental under my belt. I'm now currently interested in Brrrr, and I've just started the process of acquiring a $150k HELOC.

I’m looking for wholesalers familiar with the Baltimore (Essex, Dundalk, East Baltimore) area that I can partner up with to acquire and do deals with.

Idk if this is the right place to ask but I figured it’s BP so someone will help point me in the right direction.

Greatly appreciate any and all help with this :)

 hey troy,

i am currently invest in long term holds in the same area. i have one in west inverness in Dundalk and i settle on another one next Friday in Colgate .i am pretty new on my real estate journey . but they have a local meet up once a month in belair at Liberatores restaurant . dude there so much wealth of knowledge  in that room its crazy and everyone I've met so far have been super nice and helpful not to mention the networking there's people doing all kinds of strategy's.   where do you have your current rental ?

 Hey Shane,

Mine is off Kingston road in Essex, im actually going to the meeting next week off eastern ave! Im SO glad you told me that it was a great experience, I was a little worried not knowing what im going to be walking into that someone is going to try and sell me something lol

 hey bro, how was it ? i didn't know they had one in Essex. 

 My rental is in Essex! But the meeting was awesome! So inspirational! I’m so hungry for my first flip it’s stressing me out lol

 awesome brother, yeah its definitely  inspirational talking to some of those people hearing their about their success in the industry.  how far they have progressed in their real-estate journey.  I just  settled  Friday on a house in Colgate felt great getting in there today starting to get it renovated.  

Quote from @Troy Sanders:

Quote from @Shane Monahan:

Quote from @Troy Sanders:

Hello all!

I'm a newbie with one LT rental under my belt. I'm now currently interested in Brrrr, and I've just started the process of acquiring a $150k HELOC.

I’m looking for wholesalers familiar with the Baltimore (Essex, Dundalk, East Baltimore) area that I can partner up with to acquire and do deals with.

Idk if this is the right place to ask but I figured it’s BP so someone will help point me in the right direction.

Greatly appreciate any and all help with this :)

 hey troy,

i am currently invest in long term holds in the same area. i have one in west inverness in Dundalk and i settle on another one next Friday in Colgate .i am pretty new on my real estate journey . but they have a local meet up once a month in belair at Liberatores restaurant . dude there so much wealth of knowledge  in that room its crazy and everyone I've met so far have been super nice and helpful not to mention the networking there's people doing all kinds of strategy's.   where do you have your current rental ?

 Hey Shane,

Mine is off Kingston road in Essex, im actually going to the meeting next week off eastern ave! Im SO glad you told me that it was a great experience, I was a little worried not knowing what im going to be walking into that someone is going to try and sell me something lol

 hey bro, how was it ? i didn't know they had one in Essex. 

Quote from @Troy Sanders:

Hello all!

I'm a newbie with one LT rental under my belt. I'm now currently interested in Brrrr, and I've just started the process of acquiring a $150k HELOC.

I’m looking for wholesalers familiar with the Baltimore (Essex, Dundalk, East Baltimore) area that I can partner up with to acquire and do deals with.

Idk if this is the right place to ask but I figured it’s BP so someone will help point me in the right direction.

Greatly appreciate any and all help with this :)

 hey troy,

i am currently invest in long term holds in the same area. i have one in west inverness in Dundalk and i settle on another one next Friday in Colgate .i am pretty new on my real estate journey . but they have a local meet up once a month in belair at Liberatores restaurant . dude there so much wealth of knowledge  in that room its crazy and everyone I've met so far have been super nice and helpful not to mention the networking there's people doing all kinds of strategy's.   where do you have your current rental ?

Quote from @Bob S.:

Quote from @Shane Monahan:

hi guys,

I purchased J Scotts book on flipping on audible is there a way i can get all the bonus content ? 

thank you in advance

 Better idea, just connect with those doing deals, You will learn more in 2 days than a month reading books. I have never read a RE book, and have done 100s and 100s and 100s of deals, nothing I have not done over 10 years. Its not rocket science, its actually very simple, not easy but simple.

All the best 

I appreciate the reply , I'm relatively new and at the beginning of my real-estate journey just trying to soak up as much information as possible and hopefully learn from other experienced people and avoid making as many mistakes as possible. I did start to go to my local REA. I currently just got my first property rented and about to settle on my next the 21st of this month . I'm buying and holding. so I'm not flipping but I would imagine some of the rehab info would be valuable. what I'm really after is a good detailed rehab spread sheet so i can plan this next rehab and track everything 100%.

Quote from @Bob S.:

Quote from @Shane Monahan:

hi guys,

I purchased J Scotts book on flipping on audible is there a way i can get all the bonus content ? 

thank you in advance

 Better idea, just connect with those doing deals, You will learn more in 2 days than a month reading books. I have never read a RE book, and have done 100s and 100s and 100s of deals, nothing I have not done over 10 years. Its not rocket science, its actually very simple, not easy but simple.

All the best 

I appreciate the reply , I'm relatively new and at the beginning of my real-estate journey just trying to soak up as much information as possible and hopefully learn from other experienced people and avoid making as many mistakes as possible. I did start to go to my local REA. I currently just got my first property rented and about to settle on my next the 21st of this month . I'm buying and holding. so I'm not flipping but I would imagine some of the rehab info would be valuable. what I'm really after is a good detailed rehab spread sheet so i can plan this next rehab and track everything 100%. 

I appreciate the reply , I'm relatively new and at the beginning of my real-estate journey  just trying to soak up as much information as possible and hopefully learn from other experienced people and avoid making as many mistakes as possible. I did start to go to my local REA. I currently just got my first property rented and about to settle on my next the 21st of this month . I'm buying and holding.  so I'm not flipping but I would imagine some of the rehab info would be valuable. what I'm really after is a good detailed rehab spread sheet so i can plan this next rehab and track everything 100%.

hi guys,

I purchased J Scotts book on flipping on audible is there a way i can get all the bonus content ? 

thank you in advance

Hi guys.

I just listed my first property for rent after being very selective. It's been about almost a month since I listed. I finally found what I thought was a good fit, the tenants were 2 brothers and a 16year old son.

One of the brothers had a 820 credit score, was a license plumber and worked down the port of Baltimore he cleared around 7-10k a month. He was currently getting divorced and his ex wife was buying 

him out of the house so he needed to find a place asap. The other brother also worked down the port; he also cleared almost 7k a month and had a 676 credit score. My first interaction with them was 

good one brother had rented from the same person for the last 5 years and had all his rent receipts of payments on time with him on the show. They filled applications out on rent spree everything 

looked good but one brother did have a controlled substance charge 2 years ago which honestly looking back I thought they both had a look in their eyes like they were high on pills or something. They were very responsive when I texted 

or called them answering right away  . But one was a smoker. He said he would smoke outside and the other brother gave me assurances that he would 100% not smoke in the house . It was a non-smoking and no pet unit. 

Well 2 days before lease signing I sent them all the things I needed done before signing. They weren't as responsive like I texted them in a group text 8am didn't hear back till 8pm had a gut feeling 

something was off . But when they did respond they said they would take care of everything and asked if they could pay for the first month and security deposits with Zelle. so I thought maybe I'm 

overthinking this, so the day before signing I'm thinking everything is on track. So I went against my better judgement that morning when I woke up before I had to leave for work. I declined all the other 

applicants and took the listing down off the sites I posted to. I've been getting a lot of people reaching out daily. I texted them again that morning asking if they called Bge to switch over in their name and 

to confirm they did it. nothing again till I call them around 3pm which again had another feeling something was off called the young brother phone the other brother answered i asked if they were able to take 

care of the Bge he said at first not yet they would take care of it, then right after he said were having second thoughts about moving in so i asked why is that . he said he has a 7year old pit bull and he 

knows this house is non pet and he was going to just bring it then try to work it out after the fact. also said he was going to look at another house as we speak. but they really wanted to move into my 

house and they were willing to pay whatever was needed to make it right. I told him to go look at the other house and I'll think about it and reach back out later. At this point I'm thinking so the day 

before move in they spring this on me already had another house lined up to go look at weren't even going to tell me. I think my judgement was clouded on how great these guys looked on paper with 

the income and credit vs what i been getting so far and not to mention I'm a little strapped right now on money.  But i felt if they were this dishonest and hiding stuff now imagine what's going to happen if they move in my place. So they looked at the other place 

and texted me that night asking if it would still be possible to move in. I just texted them. I wish you guys the best of luck. I have learned a lot from our interactions and left it at that. not to mention  

rental insurance would be hard to find for a pitbull and cost a premium amount if it did.

Things I learned         

1 trust your gut and instinct  you most likely aren't over thinking it if something feels off it just might be  .

2. do not decline applicants or take your listing down before you have a signed lease in hand. 

3.dont let how the people look on paper and your need to get some 1 in there cloud your judgment. 

4. hope this can help some 1 learn from my mistakes.

 thanks