The HOA decides to raise dues, the rental cap is met, a special assessment gets slapped on your association and BAMN your cash flow just went out the window.Condos are, in my mind, a gamble, your investment is at the mercy of others decisions and often those other peoples interests aren't in line with mine. 

Taking the offer" is not the same as "Accepting an Offer"; the latter implies the contract has been established (aka offer, acceptance &  consideration), the earnest money paid and the escrow for the sale has been opened.Typically between the Taking and Accepting is a flock of negotiations via Counter Offers which leads to Acceptance.

Once you are very established and have a large marketing budget go ahead and try it.

They would potentially help you do the deal and share in the success.As far as your goal of 30, it's a good start, establishing a track record with partners and investors is key.Good luck!

If you can take a Saturday and visit properties on the area you're interested in and see what the interior finishes are like before overspending to compete with current product on the market. 5) Baltimore can be a good area to build a portfolio, make sure you understand the market within the different neighborhoods, How to use them to obtain your financial goals, and establish relationships within the industry, It'll make investing much easier and cheaper whether you're only doing one property or starting your portfolio.Hope this helps, Let me know if you have any other questions.

willie,To be conservative and in order to establish yourself and a relationship with a lender you would need 20% down on the purchase price and 20% down on the re-hab as long as the After Appraise Value (ARV) is at least 65%.

But I do know quite a bit about establishing a brand - and my guess is that your brand is a big zero in your market.

On the nicer homes, you will be (i.e. need to be) establishing a vacancy reserve with 8% of the rent each month, and that will tide you through the turnover, simple as that.

What is the best way to establish a rate to charge security deposit for repairs such as drywall patching and repainting if I do the work myself.

But would never do deals without her.. in My Wifes market were her average commissions are 10 to 15k per side and she double sides quite a few yearly  400.00 per transaction is really cost effective and the brokerage fee that she has to pay again is less than 5k  a year so for the established agent its great way to go..