THE Thread

[Chevillac 5,000+ posts]

has a parking lot behind it. The 6 houses around it are also for sale. I wish I could get all of them, but chances are the owners of those houses are waiting for the other houses to be rehabed so they can get more for their houses.

 

[Safe-N-Sound215 10+ year member]

B-more houses look just like philly houses //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[Beat_Dominator 5,000+ posts]

//content.invisioncic.com/y282845/emoticons/furious.gif.fc81ca146dbff91fede3ed290dbc4f4c.gif

 

[Safe-N-Sound215 10+ year member]

What's the projected turn around on that house?

 

[Beat_Dominator 5,000+ posts]

It's the ghetto.

 

[Chevillac 5,000+ posts]

B-more houses look just like philly houses //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

//content.invisioncic.com/y282845/emoticons/word.gif.64b12e39f936af3b4fff38a1c0bd0244.gif well the ones I saw kinda did.

//content.invisioncic.com/y282845/emoticons/furious.gif.fc81ca146dbff91fede3ed290dbc4f4c.gif

//content.invisioncic.com/y282845/emoticons/confused.gif.e820e0216602db4765798ac39d28caa9.gif

What's the projected turn around on that house?

Well Ill probly pay $33g for it. Rehab will be from $12g-15g. And houses that are completed down the street or have already been bought are selling for $75g-82g.

And rent for $650-$950.

After rehab, depending on how far we go with it, and if we can get the rest of those houses. Will list it for $78g, if it doesnt sell, just rent it out. Keeping my fingers crossed about getting info on the rest of those houses.

 

[Safe-N-Sound215 10+ year member]

Well thanks Captain obvious //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif

 

[Chevillac 5,000+ posts]

It's the ghetto.

not really. Theres 10 houses on that block and a church, and a big field. Ill take pics tomorrow. But If you think thats the ghetto, I guess baltimore is just one big ghetto. And still worth money //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif

 

[Safe-N-Sound215 10+ year member]

Well Ill probly pay $33g for it. Rehab will be from $12g-15g. And houses that are completed down the street or have already been bought are selling for $75g-82g.

And rent for $650-$950.

After rehab, depending on how far we go with it, and if we can get the rest of those houses. Will list it for $78g, if it doesnt sell, just rent it out. Keeping my fingers crossed about getting info on the rest of those houses.

I don't know how comfortable you feel about doing it, but, you should look into renting to section 8. My cousin does and it's guarenteed money from the gov. He inspects his properties once every other week and lets the people know that the first time that he catches them damaging or not taking care of the property they're out. He's only had one bad tenant in the past 6 yrs. IIRC

 

[Beat_Dominator 5,000+ posts]

A place that costs less than $200k = ghetto //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif

 

[Safe-N-Sound215 10+ year member]

not really. Theres 10 houses on that block and a church, and a big field. Ill take pics tomorrow. But If you think thats the ghetto, I guess baltimore is just one big ghetto. And still worth money //content.invisioncic.com/y282845/emoticons/greedy.gif.5a53e6246569d7ab79867170f3b06629.gif

That's pretty much the way my old neighborhood looked. And the property values are starting to go back up there little by little as the room in center city and the other nice areas of the city are running out. A lot of investors are rehabing houses.

 

[Chevillac 5,000+ posts]

I don't know how comfortable you feel about doing it, but, you should look into renting to section 8. My cousin does and it's guarenteed money from the gov. He inspects his properties once every other week and lets the people know that the first time that he catches they damaging or not taking care of the property they're out. He's only had one bad tenant in the past 6 yrs. IIRC

That was actually an option I was thinking about before that last house flipped so quick. Then we were going to housing meetings and realized there was a superhigh demand for housing, regular renters. So we didnt feel the need to do Assisted living, section 8 or halfway houses. That was going to be a last resort kind of thing. Still might do an assisted living, because the city will help you with the cost of the house and the cost of rehab. We will see.

But if everything doesnt go as planned after a few months, I definitely will do section 8.

 

[Chevillac 5,000+ posts]

A place that costs less than $200k = ghetto //content.invisioncic.com/y282845/emoticons/tongue.gif.6130eb82179565f6db8d26d6001dcd24.gif

Beat = ballin' Less than 200k? I guess a lot of the U.S.A is the ghetto haha. i wish my house or the house i want was lest than 200k. //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

That's pretty much the way my old neighborhood looked. And the property values are starting to go back up there little by little as the room in center city and the other nice areas of the city are running out. A lot of investors are rehabing houses.

Word. Thats what they are doing especially with johns hopkins building that biolab and new campus or whatever. and Coppin college expanding. its a gold mine.

you going to grab some houses in your old place?

 

[Beat_Dominator 5,000+ posts]

Yes tons of the US is ghetto.

But here, anything under $150k is basically where gangs and shootings are. But those are houses.

Condo/duplex things in that price aren't very ghetto.

 

[Chevillac 5,000+ posts]

Yes tons of the US is ghetto.
But here, anything under $150k is basically where gangs and shootings are. But those are houses.

Condo/duplex things in that price aren't very ghetto.

Dam that sucks. How much is rent outside of those areas, on a house.