All Forum Posts by: Tim Robinson

@Felipe Lecaros It certainly helps that you are a US citizen and have bank accounts in the US. Those are two of the main things lenders like to see when lending to US citizens living abroad. If you get paid in local currency, that sometimes makes things a bit more difficult but certainly not insurmountable as long as you can demonstrate consistency and gather all the necessary paperwork. I have a couple lenders I can put you in touch with that have helped some of our clients invest back in the US even when they are paid in foreign currency. PM me with your email and I can connect you.

@David Choe I know a great lender that should be able to help in your situation. Shoot me a message and I will connect you. Same goes for you @Justin Ryan

thanks @Stephen Kehoe. Just another lovely MD state law that makes it very hard to invest there:) My building was actually built in 1890 and has obviously been rehabbed quite a bit over the last century plus so God only knows what all kind of paint is in there. It just seems that having had my units inspected more than a dozen times now in just over 2 years and never finding any lead should be adequate. But I don't make the laws! Appreciate the insight. 

@Gayle Melnick thanks so much for that suggestion. I have never heard of that. Is there a governing body that does those sort of things? Or can individual contractors get licensed to do those inspections?

Hi Everyone,

I own a small multifamily in Baltimore and want to know if there are any investors in other markets that have to deal with the ridiculous situation Baltimore puts it's landlords through on every tenant turnover. Each and every time a tenant leaves and a new tenant moves in, I have to have a certified lead inspector come in and "re-inspect" the place to certify that any potential lead threat has been abated. This has happened even when tenants have broken leases and moved out early, meaning a couple times I have had lead inspections a couple times a year. It's not a ton of money, but it just feels like a cash grab by the city. Not to mention a massive pain.

Any owners in other markets have this going on with incessant lead inspections? I feel like this is a bit of a weird post but I need to see if anyone else has this going on. This combined with the absurd taxes in Baltimore City are ensuring this will be the last property I buy there.

Appreciate the feedback!

I agree with @Jody Sperling as well. the best way to learn is through action (aka, getting your first deal). This obviously doesn't mean to jump in blind. Immerse yourself in podcasts (the BP series of podcasts is a great place to start), reading, and networking with other investors. But in the meantime, be analyzing deals, establish relationships with key players you will need on your team (lenders, RE brokers, property managers, etc.) and start making some offers. Paralysis by analysis is very real, and I know I was close to falling victim of over0analysis when I first started investing. Luckily I had some great mentors that helped me jump in and I honestly think I learned more from going through the process of closing my first deal than I did from anything I read or listened to. Surround yourself with good people and good information, and you'll be all set. Best of luck on your journey!

Congrats @Aj Parikh on your first turnkey deal! I appreciate you sharing this and know that Martel Turnkey does great work in Cleveland. I wouldn't let the folks that say you didn't get a great deal by buying turnkey get you down. It is not the route for everybody, but the numbers look solid and you did your research and are working with a professional team. Turnkey may not be as "glitzy" as some other investment vehicles, but solid cashflow with some appreciation gravy over time will make for a solid investment every time. Congrats, and wishing you continued success!

Thank you @treycrusey and Reinaldo. I will look into both of those options!

Hi everyone,

I'm having trouble finding recommendations for inspectors in local markets in the "resources" section of the site, so I figured I would just throw out my question on the forums:) Does anyone have a recommendation for a solid, trustworthy inspector that does work in Birmingham, AL? I have some clients that are buying property in Birmingham from abroad and I would love to be able to add a phenomenal inspector to my team in that market. If anyone knows someone, please let me know!

Thanks

Hi All,

I'm looking to learn more about real estate investment trusts. How do you set one up? how do you make sure your properties are protected and left to your kids without any penalties? What are the questions I'm forgetting to ask? I realize this is quite a generic question, but I know nothing about them and just learned that it is probably something I should have in place. Any guidance is appreciated!

Thanks!