Thursday Q & A - Your Maryland Real Estate Investing Questions Answered
Q: I've found a property that seems like a really good investment deal. The only problem is that the Seller wants a quick settlement and doesn't want a lot of contingencies in the contract, or to have to do any bank related repairs. Is it still a good deal?
A: Is it still a good deal? It could be, however, it's only as good as what you can sell it for later. This has a direct effect on what you're buying it for now. If the Seller doesn't want any contingencies, tell him you have to have an inspection and that you'll take a few DAYS to get it done. That way, should anything come up, you're done with it quickly and both you and the Seller can move on.
Buying your first investment property can be tricky. If you have questions, or need advice, please feel free to contact me.
Clients always ask me: Are you on the web?
See for yourself.
Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor
Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.
tmcintyre@cbmove.com 410-480-3555
www.timsellshomes.com
