All Forum Posts by: Steven Silbert

I was wondering the same thing! On an interesting note, I've found a local hard money lender who is very involved in the process. They will go look at the property, assess the before and after ARV, and let you know whether or not it is something they would be willing to do a hard-money lend for. Might be one avenue if you can tag along with people like that.

Congrats! Ocean City is a competitive town. Hope to hear some updates on how the short term rentals go in the area!

Just attended the Real Estate Study Meetup for Millenials! Had a great time talking with Minwoo. Looking forward to seeing you and others next week @Danny Lambert!

http://meetup.com/real-estate-...

Great advice Daniel! I sometimes forget that we now live in a digital world.

Originally posted by @Daniel Hyman:

If you are having trouble finding someone local, try one of the BP CPA's that work with investors all over the country. 

I now have two properties and am moving toward BRRRRing a multifamily. I am definitely in over my head when it comes to taxes. Does anyone have leads on REI savvy CPAs in the area or places where I can find one?

@Jacob Curtis I was looking at travelling nurse websites like furnishedfinder.com, and it looks like you can't go wrong in most of the DMV area. I got these stats from the site for Columbia for example:

"Columbia, Maryland ranks #10 in the state of Maryland, and #424 of 19,654 cities nationwide."

Not bad nationwide stats for this area. I'm looking to use this site after I remodel sometime this year

Could use some advice!

I closed on my second home in December 2020 and managed to land a 2.25% 30 year fixed interest rate. 

The house:

• Purchase: 410,000O
• Owed: 320,000
• Location: Columbia, MD
• Built in 1976 with 2020 ssqft
• 5 bed 3 full bath split foyer

I would like to completely redo the outdated kitchen and baths with a personal loan. I would then take out a cash out refinance to pay off the work and get a down payment for a multi-family. Last time I checked, a house like this was in the upper 400's without the remodel. But! Would it be better to try to rent it out as is considering my current insanely low interest rate? I know it can cash flow as is, but I really would like to get into multifamilies sooner rather than later.

Thanks in advance everyone

Heck yeah man, congrats! Interested to hear how the cash out refinance process goes. I’m hoping to try it myself.