Did you know… we have access to the best BRRRR properties available?? It’s true! And some of those… are in Baltimore.
Why is this the best BRRRR method out there? Because all of the typical risks of BRRRR-ing are solved with this model, and you don’t have to do any of the work!
Not to mention that in Baltimore housing demand is increasing and properties are selling faster. Plus, job creation is attracting quality tenants, which only means good things for real estate investors like you!
These homes will go fast, so if you want in on the cash flow this new market will provide (or have questions about BRRRR), take a look at this property and get in touch.
Location: Baltimore, MD
Built In: 1982 (available for CASH PURCHASE ONLY on a “buy-then-renovate” model)*
Purchase price: $115,000 (not a foreclosure, normal sale)
Property info: 3 bedrooms, 1 bathroom, 989 square feet, 2 stories
Monthly rent collected: $1,400
Monthly expenses (conservatively estimated)
Property taxes: $78
Property management fees: $140
Condo Fee: $117
Vacancy (7%): $98
Repairs (5%): $70
Total Monthly Expenses- $573
Net Income = Income – Expenses = $827
Cap Rate = 8.63%
Cash-on-cash return =
Depends on your leveraging
- Appraisal Guarantee: The Fully-Renovated property is guaranteed by Seller to appraise for more than you paid (or seller will buy it back).
- Renovation Cost Guaranteed: Seller guarantees the cost of renovation quoted up front (or seller pays the overage).
- 180 Day Renovation Completion Guarantee: Seller guarantees renovation completion in 180 days (or seller starts paying you the full gross monthly rent on day 181).
- Rental Amount Guarantee: Seller’s Property Manager guarantees the rental amount quoted (or Seller’s Property Manager will pay you the difference).
- First 6 Months of Ownership: Scope of Work Warranty – Property manager will cover all labor and materials for any maintenance required during your first 6 monthsof ownership if you use the Seller’s Property Management Company.
- First Year of Ownership: Rental Guarantee – Property manager will pay you the full gross monthly rent in the event that any of your tenants default during your first year of ownership if you use the Seller’s Property Management Company.
- First 3 Years of Ownership: Full Manufacturer’s Warranty on Brand New Stove, Hot Water Heater, Refrigerator, Microwave, Washer, Dryer, Dishwasher..
- First 10 Years of Ownership: Full Warranty on Brand New Roof – Provided by Roofing Company.
* Baltimore properties are available for CASH PURCHASE ONLY on a “buy-then-renovate” model. These are all hand-selected rental properties in high-demand Baltimore areas. After you close on the distressed property, the seller will professionally renovate the property for you in 120 days and guarantee that the new appraised value on the improved property will be more than your total out of pocket expenses.
Note: The total (already discounted) price shown for all Baltimore properties includes the price of the distressed property PLUS the full renovation cost.
If you are interested in this amazing property – or seeing others like it, just contact Melissa at firstname.lastname@example.org – we’ll get right back to you!