Ten Steps To Becoming a Baltimore Real Estate Investor
Ten Steps To Becoming a Baltimore Real Estate Investor., The [best,top] secret to [make it,profit,triumph] in the Baltimore housing market as an investor; is locating bargain homes that you can “flip” rapidly for a profit.
1) Acquire good [knowledge,wisdom,guidance] from other Baltimore real estate investors who are successful. Social Media contacts, associates and Realtor can [direct, point, introduce,send] you to [real estate investors,people,folk] who have a track record of making a profit on real estate.
2) What are you investment goals. Do you [need,want,desire] to buy a home to live in, repair and sell, or to hold for your future?
3) Study real estate investing books and articles; go to real estate investment clubs and seminars, while keeping away from out of date infomercials junk.
4) Pick a lender with fantastic service, a first-class closing record, and fair closing costs, and get approved for mortgage and line of credits.
5) Identify the neighborhoods you like, and develop into an expert. Research real estate newspaper sections, search the web with sites like Baltimore HUD US Department of Housing and Urban Development Homes or Zillow, and note down sales prices in your housing market area neighborhoods you want to buy from.
6) Talk with Realtor and gain knowledge from them, but be careful of any agreements that will limit your search for bargain properties. You’re searching for agents who know your real estate needs meticulously and will work intensely to find properties for you.
7) Find a good title company and an settlement agent try to have them for every transaction. They’ll know your needs and will quickly learn how to expedite your transactions.
Learn home remodeling techniques by views videos on the web from sites like DIY Network and DVD form your local library. Search the cost of materials, supplies, and building trades by visiting home improvement warehouses websites and speaking with remodeling professionals.
9) Put together many offers on distressed homes, including bidding on HUD US Department of Housing and Urban Development Bank Foreclosure – REO, VA REO, asking for great terms and concessions from home sellers even ask about short sales if you think the owners are facing foreclosure. The more offers you make, the greater your chance of success.
Constantly have your plan for what will turn a doghouse into a dollhouse. It will speed turnaround time and save you money on mortgage payments
Tags: HUD HomesRelated posts
Posted by Carlos Sagastume on September 9, 2010. Filed under HUD Homes.
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October 24, 2010 - 7:33 pm
Hello Investors,
You can't judge a book by its cover!
Let's talk about consistency in Real Estate Investing arena and little known facts about certain companies. I invest mainly in the Dover, DE area through my company Curtain Bird, LLC.
We recently started investing in the Philadelphia, Pennsylvania area. I called a Real Estate Wholesaler in the North Philly area, Nahab Properties, LLC. It was located on a first floor apartment on 26th Street Philadelphia, PA. I was very apprehensive and wondered if this agency could really serve my interests.
I was called to their office by Mr. Cropps the CEO of Nahab Properties, LLC, which is operated out of an old row-home in North Philadelphia. The area was crime ridden so I was also very sceptical. Again wanting to know if they could help me with my Real Estate investing needs given their location. The building looked fine but the area did leave a lot to be desired. I had not heard of Nahab Properties, LLC.
I had seen his listings in various ads placed on http://www.craigslist.org. Mr. Cropps explained that he runs a little web-site http://www.nahabproperties.com. Well, I have found several properties that I did, in fact, purchase from him, via an assignment of contract. I later found out that the CEO of Nahab Properties, LLC is also a General Contractor in the city and is involved in several projects estimated worth $19,000,000. His company also imports and exports building materials to contractors throughout the United States with a staff of about 20 employees throughout America. This guy is into everything related to Real Estate.
To top this off, he took me to his competitor, Deals of Philly, LLC. I meet the CEO, a woman named S. (Samirah) Thomas. She operates a web-site for Real Estate investors called http://www.dealsofphilly.com. She sold me four more properties. What seems funny is, the fact that she is located in the same building but on the second floor, that's right the same address on 26th Street in North Philadelphia. She also "DOES IT ALL! She purchases single family homes (via assignment of contract). She buys and sells apartment buildings and her company does about $7,000,000 in business.
I thought, "WOW!" In the Real Estate business you never know where you will find your next deal. But I truly thought I would be wasting my time until I met these very charming and accommodating people. I asked them, why have such a successful business in an area that does not reflect their status. I was informed that they have a need to "FIGHT THE BLIGHT". By being located where there is a need to rejuvenate the housing system, they both "FIGHT THE BLIGHT", one property at a time. That thought captured my heart and also my wallet. At that particular time, I bought those other properties from Deals of Philly, LLC. I want to feel like more than just a business man. Buying there in that neighborhood made me feel as if I too, was helping to "FIGHT THE BLIGHT".
Upon leaving, I asked Mr. Cropps, (the CEO Of Nahab Properties, LLC) why would he introduce me to his competitor? He smiled with a grin that covered his while face and " I'm here to provide you a service. I want you to come back to me. If I don't have what you need, then I should refer you to someone who does." I told him with great assurance, "I will be back." Wow! You can't judge a book by its cover!
Mary Matthews, CEO
Curtain Bird, LLC
4375 N. DuPont HWY
Dover, DE 19901