All Forum Posts by: Stephen Kehoe

Welcome Terrance. As you noted Baltimore is block by block. It's also worth noting whether the block is on the way up or down.

I have done this but I also had a new job contract in another state. You need to have the intention of remaining there for a year. 

Hey Harry,

In your cash flow calc have you included PITI, vacancy, maintenance, capital expenditure? Do you plan to use property management? If so it may be hard to get someone for a 60k property.

RehabberPro, Baltimore reia and mid atlantic reia have virtual stuff going on.

Call Eastern Savings bank or Shore United bank. They are two of the small local banks Ozzy mentioned. With these kind of banks there is more flexibility and it is unlikely they will have an unbreakable rule like we won't loan in the inner city. Just have your plan figured out before calling if you want to be taken seriously 

I've seen people use a smaller non refundable deposit/bond. However the tenant will know they can't get their security deposit back and may behave accordingly. 

I like Hollins market just east of Franklin square. You'll get the medical center people there. 

I agree with Nathan and Brandon's ethos here. Some tenants will want to stick their head in the sand and pretend not to see your call. Posted notices of inspections along with calls and door knocks let them know you they can't just ignore. Make sure your introductory letter shows the tenant how much rent to pay and where as this could be a legal issue down the line.

At your stage in life a house hack where you rent out the rooms in a single family will be more profitable than a multi-family. There is always a crash coming so don't worry too much about it. What matters is your monthly payment and your monthly rent.

Try Monshower, Miller, Magrogan LLP