All Forum Posts by: Travis L.

I'm a new investor and have some money and lots of time.

What are the best zip codes in Prince George's County for rehab investors?

I appreciate any and all input.

@James Syed thank you for the input, all very valid points!

@Al Williamson I can't but smile, you pegged me:). It's amazing I can successfully manage a property with almost $800k monthly in rent revenue, but feel apprehension in starting down my own career path to wealth! I guess the first step is always the hardest...

I'm a property manager for a large property management firm and I'm looking to start investing personally in real estate (buy and hold). In my industry it has always been encouraged to gain addition accreditation (I currently hold an ARM certification).

Recently I have been considering obtaining my CPM (Certified Property Manager) and wanted to see if anyone has had experience with obtaining this certification and if there's benefit in having it as a real estate investor?

Any feedback would be appreciated.

Travis

Ned, excellent advice. Part of my due diligence with be to get an appraisal on the property to better understand the current condition and see if there is value in this deal.

It would be able to rent out to cover expenses. My in-law has another daughter (hopefully more responsible) who is willing to move in and pay enough rent to cover the mortgage payment. She is even willing to take the property as is with no maintenance/service request expectations from us.

Thank you Brandon! I am definitely excited to be part of such a knowledgeable and gracious community!

Great, I would love information on a title company and possibly how I could wholesale the deal. I'm new to this site and not certain how to send you a direct message...

I have been reviewing the comments and advice on this site for a little while and am excited to have joined the forum. I'm in the planning stages of starting a real estate investment company, which like so many, will begin hopefully with wholesaling. I would be very interested in networking with local real estate experts.

I have actually been in property management for about 6 years and feel this is a natural transition.

I do have a question on a potential deal. I apologize in advance for being longwinded but hope the below details will assist with any advice:

I have an in-law who has a second home in which her daughter currently lives. There's no lease in place and her daughter is willing to move out at any point. She just received notice that foreclosure proceedings are starting on the house due to nonpayment of the mortgage and HOA fees. The tax assessment which I looked up online is $50k for her house, although she owes around $96k on the mortgage. The delinquent amount owed for the mortgage is $12k with $10k owed for HOA. I confirmed that there are no delinquent property taxes owed on the property. She is in the process of trying to do a loan remodification but ultimately wants out of the house if possible and would love for me to take over the property. She is even willing to stay on the loan but turn over the title/deed to me.

I just want to know if this deal makes sense and how to broker it? Ultimately I really want to help out family, but I also don't want to tie up funds if it's not financially feasible.

Appreciation in advance for input!

Travis