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Charles Village : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling0
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Activity 4
Mon Apr 24, 2017
Lauren1redmond asked:
Perhaps they are crimes that have happened somewhere in the city and were not associated with an address, but they are not accurate for this neighborhood area. It is libelous to have crime…
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Thu Oct 6, 2011
Candice Titus answered:
All you would need to do is talk to a loan officer and take a look at some. If there are already renters in the units, you may be able to count the rent as income since there are rental histories and leases.

This is an example of one available: http://www.trulia.com/property/3044390869-63-N-Prospect-Ave-…

Just move into the bottom unit and change it to your taste as you live there. Getting a deal like that would be a great way to start your investment portfolio. Nice to start with a home that has an instant $900 in rent and has been reduced over $50,000.

Candice Titus
410-262-5039
ctitus@cbmove.com
www.facebook.com/candice.titus
... more
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Sun Jul 10, 2011
Stacy Emig Brunner answered:
Money has been tight for quite a while. While most bank will factor into your debt to i ncome ratio that you will be receiving income from the units they may only consider about 70% of income. In addition, they might not consider the income if you have never been in the Landlord business before. There may be other routes you can go if you are a first time investor that I would like to discuss with you. I, myself, am also an investor, in addition to a real estate agent and Broker. Give me a call and I'll let you know the particality of being an investor. Stacy Brunner, Broker/Owner/Realtor 410-560-2525 ... more
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Mon Oct 4, 2010
June Piper-Brandon, MRP answered:
The answer really depends on what kind of investment you are seeking. Investors that seek properties to hold and rent purchase in areas where there are a lot of rental properties and areas where tenants want to live. Investors who purchase to renovate and resell look for areas where there are few board ups and resale values are high. It's all about the numbers. I have investor clients that purchase to hold and rent and they buy in all areas. My investor clients that buy for rehabs and renovations buy in areas where there are mostly owner occupants. In both cases it's about the numbers, hard money loans about 55-60% of the after repair value so you need to make sure that the purchase + rehab costs don't exceed that number. And, you need to have a good exit strategy if the house doesn't sell.
I'd be happy to meet and talk about strategy with you.
My website address is http://www.JunePiperBrandon.com
... more
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