All Forum Posts by: Will Ulmer

Everyone, thank you so much for your insights. I am so thankful of your time and appreciate your responses.

@Stephanie P. Thank you! Have you done deals in Towson? Any words of suggestions or things to look out for? I pounded the pavement today and like that area.

@Ozzy Sirimsi @Tim Youse @Joseph Abad Appreciate the tip about # of tenants in Towson, looking at the zoning laws : "After the effective date of Bill No. 124-93, a new boarding- or rooming house is not permitted next to an existing boarding- or rooming house unless permitted after a public hearing pursuant to Section 408.B."

I was researching some of the rental housing application process for Baltimore MD : https://www.baltimorecountymd.gov/Agencies/permits... and found this contact information : "If you have questions about the registration or exemption process, email the Department of Permits, Approvals and Inspections at -- or call --."

Is this the best contact to find out if an adjacent property is nearby? Will they engage with me at this stage in the pre-purchasing process?

Hey Anthony, I'm a SF developer but never worked in the real estate vertical. I am interested in hearing back on more specific sales path step by step but I have a few ideas/suggestions from an SF perspective ... apologies if you have already considered these:

1) Have you tried posting on the Salesforce Success Community? (Either Answers or some local user groups). Some businesses might be willing to share their experiences, or consultants

2) Have you considered setting up a demo with a popular AppExchange app -- propertybase. REthink look to be the giants in the space. I think it would be useful to install this in a dev org/sandbox so that you can see the business process of how these apps handle it. Better yet, install the demo and then schedule a call with one of their sales reps -- even if you don't buy the tool now, that could give you some good insight as to how they built their application to facilitate real estate CRM.

Looks like you have some significant Sales Ops experience and Salesforce experience in your b.g. so again I apologize if you've already considered above! Good luck on Pass Go Investments!

I'll add this is a Baltimore single family home that would ideally be rented to 4 different individuals, who would share the living space, near Johns Hopkins University.

Hi all, I ran some numbers on a $350,000 4 BDR / 2BR house in the center of Charles Village. The numbers did not look to add up to be a profitable rental -- with $2,200 monthly payment-- $1419 P&I (I estimated this at 4.5% for a business loan, hopefully this # is not too low), $67 insurance, a staggering $715 in taxes (2.248% interest per year). On top of this, estimated $3000 capital expenditures / year. House was not a rehab project. I projected the following, projecting 4 different rooms with varying occupancy across $800, $725, $750, and $700 room (average around $743/room) : 

100% occupancy : $6300,  

89%  occupancy : $3000 

73% occupancy  :  - $3000.

I am more knowledgeable about investing in the stock market, and I cannot finesse these numbers to make sense. Even in the best case scenario, the ROI does not justify the large capital investment and relative lack of liquidity as compared to my stock portfolio (where I have more knowledge & risk tolerance, even in volatile markets). I think that the above would have made a lot more sense if it were not for the high Baltimore City taxes.

Given my own back-of-the-envelope calculations, I am looking for suggestions about different college towns in Maryland that are worth investigating.

Sorry if this post was too detailed. I greatly appreciate everything that I have read on this forum. If there is any flaws in my thinking or analysis above, kindly let me know that too! Thanks!

@Victor Evans That is such an great idea to "add a structural engineer to your team or make a structural engineering student a friend at your local university".

@Account Closed appreciate the book ideas!

Thanks everyone! @Kyle Quaranta, not sure the area, but yes a college townhouse :)

Hello, looking to build a network here in Baltimore, MD of fellow real estate investors. Interested in acquiring rental properties particularly in college town / rehab opportunities.

Look forward to connecting with members of the community. A little more b.g. on me -- I am a technology consultant, investor, and small business owner. Currently, most of my investments are in U.S. and international equities or speculative options trading. Had previously read Brandon's "The Book on Rental Property Investing" in the last few years and I liked the practical, methodical approach to wealth building through real estate. Want to connect with other investors and real estate professionals to start applying this knowledge and building beneficial joint ventures and/or trading experiences, encouragement, and knowledge.

BP seems like the right place to do that so far :)

Thank you all!