All Forum Posts by: Yannik Cudjoe-Virgil

@Sasha Josephs There is money to be made in Baltimore if you know what you are doing

@Hub Knott Baltimore is a very block by block city. Vacancy rates differ by submarkets. I would take the hint if you see a lot of rental inventory available in the area you are interested in as a high vacancy area like curtis bay for example

Hey - the cap rates in that area / west Baltimore are around 8% stabilized for C class. You are missing expenses like the above said management, Re taxes etc. 

@Andrew Branch great way to get into a deal if the property isn’t stabilized and you can’t qualify for Fannie or Freddie

@Austin Walker apartments.com is a free resource that you can gather rent comps from

Certified home inspections

@Grace Kim partnerships are great. typically you may see an LLC and I would speak with an attorney on drafting an agreement for you and your partner. One piece of advise I would give you is to truly vet your real estate partners. Unfortunately not everyone is who they appear to be and can be your partner.

@Kenneth Anderson Like some others said. I would start with the end goal in mind and work backwards. Fortunately, it looks like you may have a nice head start. Are you looking for passive or active income? It looks like you are near Baltimore. If that market interests you, there are a lot of buy and hold opportunities in the city that provide great cashflow! I would learn the landlord tenant laws though as it has been very tough on landlords. Bottom line.... get educated. Passive income rules in real estate!

Congrats! Looks like a great deal. Keep pushing

@Mike S.     The previous post is right. Very seldom if any are you going to run into a good operator that is will take on a LP investor at 10-25k. The juice is not worth the squeeze. Like he said the less investors the better. If one takes 10-25k on a 1m dollar raise, im sure you can imaging how much of a headache that will be.  

I would look for a team with a strong track record and providing returns. Most importantly, vet the sponsor team BEFORE investing with them. Make sure that they have good character and they can deliver!

- Yannik