All Forum Posts by: Tim Youse

I wouldn't give up yet. Get a local PM that can handle this for you.

Secure the property better - bars on windows, doors without windows, and make sure the deadbolts aren't accessible from a nearby window.

If you are sure the nearby roof is the cause of your issue, look into having it fixed. I know that sounds ******, but it may be in your best interest. I've had to do it. I wasn't happy about it, but it was cheaper than having to fix the water damage to my property every 6 months.

What area was the home in and why did you sell?

> HMB huh? Il check it out. 

here's a link to their monthly meet-up.

https://www.meetup.com/Real-Estate-Investing-Incub...

Lots of buyers there so bring your deals if you have them.

There are plenty that do, so I wouldn't let that stop you. Did you contact any other lenders? 

www.hardmoneychoices.com is a website that  @Account Closed set up that submits your deal to local lenders in Baltimore. Give it a shot.

Just to add. I'm on a few wholesaler lists in your market. Something not many wholesalers will include is "investor comps" - other cash sales for distressed properties. For example Terry Royce will list ARVs, along with a few comps on block or close by, and then list what investors are paying for properties in similar condition as your deal.

Terry is giving a talk on wholesaling at the HMB Meet-Up in Columbia next week.

The level of rehab is up to the buyer depending on their exit, whether it's a flip or rental, and their rehab costs depend on whether they use a GC, or manage the project themselves.

For a comps, a list of local comps and sold prices is all I think is necessary. 

IMO, it's always up to the buyer to do their own due diligence. You shouldn't have to do much to 'promote' your deals, as savvy investors will know fairly quickly whether or not your deals are good or not.

Definitely a good idea to include as many pics as you can.  A video is a plus, and not many wholesalers bother with them.

Closing costs to start and then monthly costs of the mortgage, utilities, insurance, and advertising/tenant placement. Give yourself at least one month to start but budget for 3 to be safe.

Following your post. I'm pretty familiar with that area and you should do well there. I just signed a contract for my first Baltimore BRRRRR yesterday, so right about the same stage you are. I have one GC bid so far and will try to get a few more before I close later this month.

How is everything going so far? 

Good luck!

Post the details here

You could definitely house hack to lower your monthly housing costs, and if you move after graduation, you could keep the property and rent your old room to a tenant. Where are you going to grad school?  You mention Hopkins, but there is the Homewood campus in Charles Village as well as the medical school at the hospital near Patterson Park. Either way, there should be options within walking distance that would be easy to rent to students while you're there and after.