All Forum Posts by: Yannik Cudjoe-Virgil

Hello, all! Little bit about myself. I own a digital marketing agency helping small business owners with web development, SEO, logo designs and sone advertising marketing. I own a home with a Wife and 2 kids.

Life is good and comfortable for now. Working hard and make decent amount of money. But I'd like to get to the point of a passive income lifestyle. Running an agency is good, but want more freedom. So this passed year I've had a growing interest in real estate investing and not sure how to go about it.

I know I'd like to own rental properties, but not sure where to start. I've inquired about HELOCs and from what I was told is that I would get anywhere from $30k to $35k.

Is that amount good to start with? Would it be best to find a partner? 

Thanks i. Advance

Donovan 

is hard money loans good for first time investors??

@Ryan Koehler and @Yannik Cudjoe-Virgil this was out the east edge of the "Guilford" neighborhood facing "Waverly." 

It was a full gut (and then some!). Here's a rough synopsis of the big things we did:

-Repoured the basement concrete floor as the original was buckled and extremely unlevel. This gave us a nice opportunity to run the new plumbing ground work, install a backflow regulator on our sewer line (nice to have on a 1915 house), and move the front and back sump pumps into a better position

-Framed and finished the basement into the Airbnb unit

-Dug the backyard down and installed a retaining wall at parking pad as well as a small deck and set of stairs off the rear entrance to the house that leads down to the parking pad

-Opened up the main floor and removed a few non load-bearing walls. 

-Put new hardwoods down

-Installed the new kitchen and poured a 10'x6' concrete countertop for the island (I think my back still hurts from mixing that concrete)

-Replaced the stairs with new treads, risers, handrails, and picketts

-Opened up the back two bedrooms upstairs to make one master suite with walk in closet and master bathroom

-Installed stackable washer/dryer outside of the master

-Opened up the ceilings in the front two bedrooms to be 11.5' tall. We had the space to go up to the roof joists so I figured why not

-Repoured the exterior concrete stairs leading down to the basement entrance on the back and front of the house

My husband and I are new to REI. We are in the Baltimore, MD area. This is something I have had a passion to do for a long time and we are finally in the space in our lives to do it!

We have done extensive research, studying, networking and are interested in rehab/sell and buy and hold properties. To be honest we’re not sure which one to start with. They both have their pros and cons and either way at sometime or another we will have both a flip and buy and hold properties it’s just where should our 1st investment be?!

We would love to hear from experienced or not so experienced investors on things that we should or should not do. We are open to all suggestions and stories.

We would also like to connect with local wholesalers and investors in the Baltimore, MD area. We look forward to hearing from you and connecting!

Lauren A. Billups, MBA

I'm new to REI but have been passionate about it for years. Through BP I feel like I have direction on how to start and where I'd like to take my investments in the future. I live in an expensive area in Montgomery County MD, so I was hoping if I could get some help on identifying good cities to build a portfolio of properties using BRRRR. Currently thinking of Cleveland, Richmond, Philadelphia, and Indianapolis.

Any recommendations?

Since you are close to the area, I would take a look at Baltimore. Typically in Baltimore you see high cashflow and low appreciation. Lots of BRRRR properties. There is definitely opportunity there.

Hi everyone! This is my first post to BP. I am a new investor in the baltimore area. I'm looking to take advantage of the vacant housing programs here in Baltimore. My objective is to rehaband flip my first few deals to build capital and then transition to holding properties. Does anyone have any experience in rehabbing any homes, especially vacants, within Baltimore City?