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15 August 2024 | 18 replies
I have a 4bed/3.5 bath, and the average stay is about 4 days.
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16 August 2024 | 10 replies
They all tend to look alike and as soon as one sells out, they build another one next door or down the street.
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15 August 2024 | 10 replies
But any random dude off the street can call themselves a property manager in Maryland.I self manage my properties in other parts of Maryland.
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14 August 2024 | 0 replies
Opening a few walls, updating kitchens and baths, flooring lighting, etc.
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14 August 2024 | 0 replies
Opening a few walls, updating kitchens and baths, flooring lighting, etc.
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15 August 2024 | 4 replies
You will need a zoning permit, possible streets approvals, utility plans, excavation plan, building permit, MEP's, then sub contractor permits for all of the MEP's.
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14 August 2024 | 4 replies
On E Gates street, east of Parsons.
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12 August 2024 | 8 replies
But I have been looking into splitting the duplex into two condos (yes I know it is a lot of work) and I could probably get 325-350k for each, netting me 650-700k.Number:* Mortgage interest 2.5%* Mortgage principle 240k* PITI $2100/month* Rent 2200/month (current tenant on a two year lease)* Potential rent on my side $2400/month * 100k HELOC at 11% (fixed) (not currently being used)* est additional cost to split the dueplex 75-100k (conservative, probably less) *new siding 30k (just put on a new roof this year) *legal 10-15k *fire proofing 15k * 15-40k for stuff I am not aware of or underestimated on* some of the appreciation is external from the home *big grocery store put in 3min away * newly paved road in front of my house *a building that was falling down across the street has been torn down * Still a vacant lot with the foundation exposed and fencing around it (so more local improvements are on the way)Part of me wants to take the money and run but man I love that 2.5% interest rate and the $2000/month cash flow (including taxes and capx)I have thought about 1031 exchanging into more rentals, but I would like to pivot into storage units.
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13 August 2024 | 4 replies
Sense check on the rents of my units: 5 BR 3 bath coach house with 1 parking spot ($2,500), 5 BR 2 bath duplex down ($2,450), 3 BR + den 1 bath unit with brand new kitchen, plus parking spot ($1,450).
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13 August 2024 | 8 replies
Built in 1987, the building features four spacious units, each offering 1,012 square feet of living space with two bedrooms and one bath, and a cozy 506 square foot one-bedroom, one-bath unit.