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Investment Properties in Maryland : Real Estate Advice

  • All468
  • Local Info12
  • Home Buying293
  • Home Selling37
  • Market Conditions8

Activity 74
Wed Feb 7, 2018
Cheryl A Boone answered:
The investor maybe wholesaling the property. You should have a reputable Title Company handling your settlement. In order to settle, your Title Co will make sure you have a clear title. Except for earnest money, no other monies will change hands until settlement. ... more
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Thu Dec 28, 2017
Fred Williams, Cpa asked:
Mon Nov 27, 2017
Dalemanik Robeson asked:
Mon Sep 25, 2017
Angelica P answered:

Currently, we do not have listings for rent to own homes. You may try your luck though and search our website using the Keyword section of the search filter which can be found at "More" button. However, these listings are extremely rare.

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Wed Sep 20, 2017
Kathy Burgreen answered:
Don't do it. You will regret it. I'm a former realtor and currently VP of my HOA so I speak with experience. You have several issues / challenges:

Property taxes - if you convert your home to 2 bedrooms, you need to verify with your county tax assessor if there will be an increase in taxes. You will need to get a permit and the county will know about it.

Realtors and buyers - each bedroom needs to fit a bed, clothes bureau, nightstand, desk? and floor space to walk around. Will both bedrooms have enough space for this? I don't think so. You need to understand that buyers want "normal" size bedrooms - where they are not squeezed between furniture to get to where they need to. If buyers feel squeezed between furniture, they will reject your condo. By the way, buyers have more furniture than you think, so if your intention is to minimize the furniture - think again. Buyers will envision your bedroom with THEIR furniture in it AND their furniture needs to fit INSIDE the bedrooms.

Appraisals - you need to contact a few appraisers and ask them how they would evaluate your condo if you convert it. At least you will know before you start.

HOA approval - sorry but you cannot do any construction projects without HOA approval. The HOA is VERY concerned with damage to hallways, elevators, debris, whether contractors are licensed and insured, etc. Briefly, if the HOA discovers any damage to the condo complex, they will penalize you.
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Sun Sep 17, 2017
Mark Smith answered:
Great idea. I think you need to hire a reputed real estate investment agency that has a great experience in property investment in Baltimore.
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Wed May 31, 2017
Phil asked:
Hello - I have a question about the Remington neighborhood in Baltimore, MD. I'd like to find some information on how Remington's house values/prices have increased over the last…
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Thu Apr 27, 2017
Brittrgib answered:
I was told you will have to pay the 5k CDA loan back.
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Tue Apr 25, 2017
Dadh2000 asked:
Tue Jan 24, 2017
Malcolm Lawson answered:
So you are looking for an investment property with two units you can rent? Are you looking in Baltimore or another area?
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Mon Jan 23, 2017
Randjcreations asked:
Wed Nov 30, 2016
Jonathan Lahey answered:
Yes, i also agree with finding a rental using online it will save time and you can choose a lot of listing as well. Good Luck Hope you will find one.
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