It’s been a while since my last post but I promise I won’t be long winded this time. I’ve decided that I’m going to sell Old E Baltimore project. The work has been done for over a month but with a few loose ends to tie up. The house has a new furnace, hot water heater, toilets, tub, tile, refrigerator, oven, cabinets, carpet, deck, fencing, flooring, carpet, rails, and the list goes on. It’s a great opportunity for an investor looking to get a rehabbed house with 4 bedrooms in the city. Currently through section 8, the new owner could be looking at over 1100 dollars per month and a mortgage payment of less than $550. My next post on this property will include pictures but if anyone is interested in seeing the house, feel free to click on the About Fliprent link at the top and click the Contact Me link to send me an email. You can also leave a comment on this article if you choose to.
Ideas, Ideas. I’ve decided to go forward with a business idea that I’ve had for a while. I’m going to need to put some cash into it considering how difficult it is to get a business loan in the current economy. Liquidity is a beautiful thing when you need access to quick capital. There was a time, just a few years ago when a residential real estate investment was considered relatively liquid. Today is another story.