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12 March 2024 | 250 replies
@Carlos Ptriawan @Jay Hinrichs Residential ground leases in Maryland (Baltimore City mainly but also surrounding counties) are typically 99-year leases renewable in perpetuity, meaning as long as the rent continues to be paid the lease is automatically renewed for 99 more.No pay or slow pay and you can loose your leasehold property.You can "redeem" the ground (well except for "irredeemable" ground rents, but those are quite rare and another story) by buying out the owner of the fee simple interest a cap rate formula based upon the date the original lease was created.
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7 March 2024 | 19 replies
Buy for 1.5 MM, Pay 25% down, loose $500 every month.
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7 March 2024 | 4 replies
Once upon move out, we had tenants claim that the plumber that had only months before replaced the wax ring and re-set the toilet left it all loose and wobbly with a broken seat and they refused to take responsibility for it's condition.
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7 March 2024 | 14 replies
Fix stuff asap that could cause issues, like a loose or rotten deck board.Many mortgages have a due on sale clause that would get triggered by a transfer to an LLC.
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6 March 2024 | 2 replies
So as of today it's been a rental for 3year and a month.It's being discussed to cut it loose and sell it.
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7 March 2024 | 14 replies
The main issue is most likely lack of insualtion between floors and loose/squeaky subflooring.
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7 March 2024 | 27 replies
He would just call up subs, send them out with no plans, no instruction, and turn them loose.
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6 March 2024 | 8 replies
Sfh are exempt from rso, does that mean that the first unit will loose its rso protection now that there is only unit in the lot ?
5 March 2024 | 26 replies
Thanks,Sarah G'Day Sarah,Congrats on the leap of faith into the wonderful world of real estate investing.Best tip I could give you would be to take your time and soak up as much information on anything and everything real estate.Be it buying locally or out of state, the most important thing is to establish trust and relationships with key people dependent on the strategy you are looking at implementing.Over my career I have witnessed countless of investors getting caught up in online market stats, demographics, charts, etc... only to end up loosing money.As cliche as it mind sound but "Team-work makes the dream work"For example, if you buy the best house, in the best area, on the best street with the best capital growth prospects but your property manager is incompetent or a cheat.
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5 March 2024 | 12 replies
The front office staff do the heavy lifting of chasing loose ends, checking details, etc.