Are You a House Flipper? Take This FREE Class in Millersville, Maryland

Learn more about flipping houses the RIGHT way at tomorrow's FREE Charter Title/Keller Williams Flagship class on the basics of financing investment properties.

Learn more about flipping houses the RIGHT way at tomorrow’s FREE Charter Title/Keller Williams Flagship class on the basics of financing investment properties.

There’s a lot more to “flipping” houses than most people realize. Unless you’re an all-cash buyer, one of the biggest hurdles to overcome is securing funding for your renovation project. If you’d like to learn more about the basics of financing for real estate investors, CHARTER TITLE and KELLER WILLIAMS FLAGSHIP OF MARYLAND are holding a FREE CLASS on the subject tomorrow, Feb. 3. The class will cover:

– finance options for investors;

– ideal property types;

– equity based loans;

– seller financing and seller second loans; and

– commercial financing options.

The class will be held in the Keller Williams Flagship office training room, 1111 Benfield Blvd., Suite 250, Millersville, Maryland, 21108. Class time is 10 am until 11:30 am, and light breakfast refreshments will be served.

 

For more information on the class, or on investment property purchases in general. contact Jerry Kline, Realtor, Keller Williams Flagship of Maryland, at (443) 924-7418.

 

Hope to see you there!

Randy Barth Closes the Sale of His ‘Flip’ Property

Jerry Kline, left, Realtor with Keller Williams Flagship of Maryland, appears with Randy Barth, after closing the sale of Randy's "flip" property in Baltimore. Among other marketing efforts, Jerry included the property in Live Baltimore's "Buying Into Baltimore" homebuyer assistance event, held twice a year in the city.

Jerry Kline, left, Realtor with Keller Williams Flagship of Maryland, appears with Randy Barth, after closing the sale of Randy’s “flip” property in Baltimore. Among other marketing efforts, Jerry included the property in Live Baltimore’s “Buying Into Baltimore” homebuyer assistance event, held twice a year in the city.

Randy Barth has helped flip more than 30 residential properties in the greater Baltimore area over the last few years. After purchasing a 1924 duplex in Baltimore’s Forest Park neighborhood for $21,000, he recently completed a massive renovation of the home and sold the property for $125,000. Randy enlisted me to sell the home.

Interestingly, to help boost market exposure of the property, I was able to get the home included in Live Baltimore’s “Buying Into Baltimore” program (http://livebaltimore.com/events/details/buying-into-baltimore/#.VHiKv_10z5o). As a result, more than 50 qualified homebuyers were able to tour the home during the program’s open-house bus tour on Sept. 27. The buyer found the house during that tour.

Do you have an interest in buying and “flipping” residential investment properties? Are you a first-time homebuyer in need of financial assistance for a Baltimore-area home? Call me, and I’ll be glad to help you with your real estate need.

Again, congratulations Randy on your home sale, and thanks for choosing me as your listing agent!

Congratulations Brandon on the Purchase of Your New Investment Property!

Brandon Crawford, left, and Jerry Kline, realtor with Keller Williams Flagship of Maryland, celebrate Brandon's purchase of a new residential investment property in Baltimore City.

Brandon Crawford, left, and Jerry Kline, realtor with Keller Williams Flagship of Maryland, celebrate Brandon’s purchase of a new residential investment property in Baltimore City.

Brandon Crawford buys distressed residential properties in Baltimore City, then updates and renovates them. Some he keeps as rental properties and some he re-sells to others. Brandon recently enlisted me to help him with the purchase of 3110 Wolcott Ave. in Baltimore’s Forest Park neighborhood. Having just closed the sale a few days ago, Brandon’s already hard at work gutting and rebuilding the 90-year-old structure. Thanks, Brandon, for choosing me as your Buyers Agent!

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Study: Five Types of Distressed Homes Have the Deepest Discounts

The study by RealtyTrac analyzed residential property sales transactions for the year ending March 2014 to pinpoint the types of distressed properties that sell at the largest discounts, comparing factors like foreclosure status, occupancy status, equity and the year the home was built.

5 Types of Homes With Deepest Discounts

Jerry Kline Helps John Murray Buy 1804 Scaffold Way, Odenton

John Murray (right) and Jerry Kline, Realtor, celebrate John's purchase of 1804 Scaffold Way in Odenton, MD.

John Murray (right) and Jerry Kline, Realtor, celebrate John’s purchase of 1804 Scaffold Way in Odenton, MD.

Congratulations to John Murray on the purchase of his new single family home at 1804 Scaffold Way in Odenton, just across from Ft. Meade, MD. John is a friend and investor who enjoys rehabbing houses.

John cited my “positive attitude, attention to detail and professionalism,” in describing his home-buying experience with me. “I always felt like I was Jerry’s most important client,” John said.

John is in the process of totally updating this property, and he will soon be putting it back on the market for resale. Contact me for more information on this great property; it’s in a great neighborhood and will be offered at a great price! Call Jerry Kline (443) 924-7418.

Investor Demand for Homes Starts to Cool

“Now you see fewer bargain prices in the market and that’s a reason investor demand is coming off its peak,” said one expert. That leaves more room for other potential buyers to get into the market.

Investor Demand Starts to Cool