Are either of you currently buying in Baltimore city or county?

Quickbooks and HIRE AN ACCOUNTANT to help set it up and run it.The biggest mistake I ever made was waiting too long to get professional accounting help.

Just want to verify this info with you all local professional investors.In addition, are there any property tax discount programs created by the city or state available to incentivize investors to invest in philly, just curious to know as well.

Yhe biggest and free is DFW Investors.

 I have a possible wholesale opportunity on a house that can be rehabbed in Baltimore city.

I can't get that return anywhere for a 6-9 month timeframe, and would more than cover any fees or tax concerns.The biggest risk I see is that if there is a job loss, the loan is considered a distribution and you need to pay tax and a penalty on the money.

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

Greetings Bigger Pockets Community, I am Gwendolyn. I am a native New Yorker. I have strong southern roots in Alabama, North Carolina & Virginia. I am looking to relocate in the next 5 years. I travel quite a bit ...

Not sure yet on the amount of renters in the Littleton area and if it is the right city to complete my objective.

Anyone in the Twin Cities area please feel free to invite me to any meet-ups or events, if not, don't worry I'll pick up the ball once I get the hang of it.