All Forum Posts by: Scott Karg

I just recently passed my test.
Mine was a PSI exam. I passed the national portion, but failed the state portion by 2 questions. So did many others I know.
I knew the material and studied well, but some questioned seemed to be from out of the blue.

I also blew threw the tests, both times.

Welcome aboard! I invest in Baltimore, as do a group of good, honest people that I deal with.
If you ever want to grab lunch sometime, let me know!

Josh, it seems an email is required for the renters to start an application? What if they don't have one?

It's probably hard to get a loan on perceived MLM income...this story is fishy IMO.

I will only buy something if it cash flows at $300 a mont, on hard money.
I am fortunate to have 2 flexible lenders.
One has a rate of 13/3 for 6 months with 6 month extension at 1 point.
The other is 5/15 and typically does a 12 month, and you can extend for 12 months for 5 points :wowo:

BUT if you talk with your lenders they can be reasonable. I am talking with the 13/3 guy about doing longer terms like 12 or 18 months.
The 5/15 guy just did one for me at 12.5% and 18 months. I place a lot of his properties with voucher tenants through my tenant placement business, and I in turn give him a good deal.

Talk to your lenders, you never know.

I started this business last year, and we purchased a business for my wife 3 years ago, so our refi situation is a bit sketchy. Once we have 2010 and 2011 tax forms we should be able to refi the properties we have bought so far.

Wow, I love my Baltimore sx8 rents. I just rented a 2br that I have $22,400 in to a sx8 tenant and am getting $1042 a month.
My prior deal I have $62K in it and am getting $1507 a month(4br).

To the OP, have you considered using tenant placement? I own and run a tenant placement company in Baltimore, I let my landlord clients know what they need to pass a sx8 inspection as part of my process.
Maybe you could contact a company in your area?

Just finished my class. I find the pros far outweigh the cons, it will put more money in my pocket, bottom line.

Just finished my real estate school, my state exam is 4/6!

Check out Trafficmaster Allure. I've been using it lately, very simple install, waterproof, and looks better than laminate too.

I do tenant placement, and the majority of my tenants are from sx8 or other programs.
I have at least a 50% no show rate. My wife always asks if it drives me crazy, and I tell her no, it is part of my business.
I do schedule multiple, simultaneous showing appointments though, seems to create excitement and saves me from wasting time.