Category: Baltimore Lessons
Baltimore Housing: $47.44 Per Square Foot
January 11th, 2009Here's another Baltimore property that was submitted by a user that we will use as a teaching tool for our Baltimore, Maryland Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 1015 Desoto Rd, Baltimore, MD 21223.
Let's take a closer look at some calculations for this 4 bedroom, 2.00 bathroom property located at 1015 Desoto Rd that has an asking price of $79,700.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $95,640 (120%) | $56.93/square foot |
| $91,655 (115%) | $54.56/square foot |
| $87,670 (110%) | $52.18/square foot |
| $83,685 (105%) | $49.81/square foot |
| $79,700 Full Price | $47.44/square foot |
| $75,715 (95%) | $45.07/square foot |
| $71,730 (90%) | $42.70/square foot |
| $67,745 (85%) | $40.32/square foot |
| $63,760 (80%) | $37.95/square foot |
As you can see from the table above, if you know what a typical Baltimore property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Have you ever wondered how you can reach thousands of potential sellers in Baltimore with your own personally delivered message without spending all day on the phone wearing out your voice? The answer is Voice Broadcast. If you're curious about this specialized marketing technique, consider investigating Jassen's CD titled Buying Houses with Voice Broadcast. It may be an eye-opener.
Until next time,
James
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$15.08 per sq ft in Baltimore
January 9th, 2009We just had a researcher submit some very basic information about a house for sale in Baltimore to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Baltimore, Maryland Real Estate Resources is located at 2519 W Lombard St, Baltimore, MD 21223.
This 2/1.00 1,260 square foot property has an asking price of $19,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $22,800 (120%) | $18.10/square foot |
| $21,850 (115%) | $17.34/square foot |
| $20,900 (110%) | $16.59/square foot |
| $19,950 (105%) | $15.83/square foot |
| $19,000 Full Price | $15.08/square foot |
| $18,050 (95%) | $14.33/square foot |
| $17,100 (90%) | $13.57/square foot |
| $16,150 (85%) | $12.82/square foot |
| $15,200 (80%) | $12.06/square foot |
As you can see from the table above, if you know what a typical Baltimore property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Do you want to get a bigger paycheck when you buy your next rental property in Baltimore? If yes, you might be interested in the strategies shared on Jassen's CD Get Paid To Buy Houses - Collect Cash at Closing.
Until next time,
James
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$119.68 per sq ft in Baltimore
January 6th, 2009I want to share with you some information about a property in Baltimore located at 814 Jaydee Ave. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
This 3/1.00 1,024 square foot property has an asking price of $122,550, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $147,060 (120%) | $143.61/square foot |
| $140,933 (115%) | $137.63/square foot |
| $134,805 (110%) | $131.65/square foot |
| $128,678 (105%) | $125.66/square foot |
| $122,550 Full Price | $119.68/square foot |
| $116,423 (95%) | $113.69/square foot |
| $110,295 (90%) | $107.71/square foot |
| $104,168 (85%) | $101.73/square foot |
| $98,040 (80%) | $95.74/square foot |
As you can see from the table above, if you know what a typical Baltimore property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Where do you go and what kind of marketing do you put out to find truly motivated sellers in Baltimore? There are many ways to get your message out, and while every investor doesn't need to employ every method, it pays to know what they all are. Most investors have never considered Buying Houses using Broadcast Media, but it may be worth your while to see what this type of marketing entails and what kind of return you might expect to see from employing it.
Until next time,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
Baltimore Housing: $0.85 Per Square Foot
January 4th, 2009Here's another Baltimore property that was submitted by a user that we will use as a teaching tool for our Baltimore, Maryland Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 5259 Cordelia Ave, Baltimore, MD 21215.
I am going to do do some calculations on this Baltimore property. It is a 3 bedroom, 1.50 bathroom property located at 5259 Cordelia Ave that has an asking price of $1,150.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $1,380 (120%) | $1.02/square foot |
| $1,323 (115%) | $0.98/square foot |
| $1,265 (110%) | $0.94/square foot |
| $1,208 (105%) | $0.89/square foot |
| $1,150 Full Price | $0.85/square foot |
| $1,093 (95%) | $0.81/square foot |
| $1,035 (90%) | $0.77/square foot |
| $978 (85%) | $0.72/square foot |
| $920 (80%) | $0.68/square foot |
As you can see from the table above, if you know what a typical Baltimore property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
When you hear Dream Team, do you still think of Michael Jordan, Magic Johnson and Larry Bird dominating the court in the 1992 Barcelona Olympics? Well...how about your own all-star team of professionals making your real estate business run like a well-oiled machine? Want to know how to get started? Check out Jassen's CD Selecting Your Dream Team Members for some great pointers on finding and keeping your own MVPs in Baltimore.
Until next time,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
3.0% Appreciation Rate for Reisterstown
December 28th, 2008I want to share with you some information about a property in Reisterstown located at 114 Glyndon Dr. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.
In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.
| Years From Now | Value |
| Assumed Appreciation Rate: 3.0% | |
| At Purchase | $204,507 |
| Year 1 | $210,642 |
| Year 2 | $216,961 |
| Year 3 | $223,470 |
| Year 4 | $230,174 |
| Year 5 | $237,079 |
| Year 6 | $244,191 |
| Year 7 | $251,517 |
| Year 8 | $259,063 |
| Year 9 | $266,835 |
As you can see from the table above, if we assume an appreciation rate of 3.0% per year, then the property value eventually reaches $266,835 after 10 years.
And if you are looking for more information on how to find real estate deals in Reisterstown, then you may also be interested in checking out the audio CD real estate course Finding Motivated Sellers to Find the Best Real Estate Deals that Jassen recorded. It teaches you how to find motivated sellers in Reisterstown so that you can find some amazing deals.
Keep on investing Baltimore,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
Baltimore, MD Real Estate Investing - Price Per Sq Ft Analysis on Baltimore Deal
December 27th, 2008We just had a researcher submit some very basic information about a house for sale in Baltimore to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Baltimore, Maryland Real Estate Resources is located at 7416 Hindon Cir Unit NO 301, Baltimore, MD 21244.
This 2/2.00 1,108 square foot property has an asking price of $152,000, but let's take a moment to do some calculations to see what our actual price per square foot would be based on various offer prices (both above asking price and below asking price).
| Price Paid (% of Asking Price) | Price/Square Foot |
| $182,400 (120%) | $164.62/square foot |
| $174,800 (115%) | $157.76/square foot |
| $167,200 (110%) | $150.90/square foot |
| $159,600 (105%) | $144.04/square foot |
| $152,000 Full Price | $137.18/square foot |
| $144,400 (95%) | $130.32/square foot |
| $136,800 (90%) | $123.47/square foot |
| $129,200 (85%) | $116.61/square foot |
| $121,600 (80%) | $109.75/square foot |
As you can see from the table above, if you know what a typical Baltimore property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Also, don't forget to check out the new Real Estate Investor Cookbook where I share with you the systems, checklists and other resources that you need to successfully invest in real estate in Baltimore. In the Real Estate Investor Cookbook, you will find my daily real estate investing checklist as well as additional checklists that I personally use to manage my own real estate investments.
Keep on investing Baltimore,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
Baltimore, MD Real Estate Investing - Price Per Square Foot Analysis on Baltimore Deal
December 23rd, 2008We just had a researcher submit some very basic information about a house for sale in Baltimore to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Baltimore, Maryland Real Estate Resources is located at 2408 Linden Ave, Baltimore, MD 21217.
Let's take a closer look at some calculations for this 8 bedroom, 3.00 bathroom property located at 2408 Linden Ave that has an asking price of $59,000.
| Price Paid (% of Asking Price) | Price/Square Foot |
| $70,800 (120%) | $19.67/square foot |
| $67,850 (115%) | $18.85/square foot |
| $64,900 (110%) | $18.03/square foot |
| $61,950 (105%) | $17.21/square foot |
| $59,000 Full Price | $16.39/square foot |
| $56,050 (95%) | $15.57/square foot |
| $53,100 (90%) | $14.75/square foot |
| $50,150 (85%) | $13.93/square foot |
| $47,200 (80%) | $13.11/square foot |
As you can see from the table above, if you know what a typical Baltimore property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
Finding great deals in Baltimore takes a lot of persistence. Usually you will have to look through many potential deals before you find the one that you want to invest in. A way to accelerate this process is to have an investor friendly real estate agent in your corner helping you out by sorting and sifting through additional deals for you.
Keep on investing Baltimore,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.
$11,875 Per Bedroom in Baltimore
December 22nd, 2008Here's another Baltimore property that was submitted by a user that we will use as a teaching tool for our Baltimore, Maryland Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 626 N Belnord Ave, Baltimore, MD 21205.
Since this 2 bedroom, 1.00 bathroom property has an asking price of $23,750, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.
| Price Paid (% of Asking Price) | Price/Bedroom |
| $28,500 (120%) | $14,250/bedroom |
| $27,312 (115%) | $13,656/bedroom |
| $26,125 (110%) | $13,063/bedroom |
| $24,938 (105%) | $12,469/bedroom |
| $23,750 Full Price | $11,875/bedroom |
| $22,563 (95%) | $11,281/bedroom |
| $21,375 (90%) | $10,688/bedroom |
| $20,188 (85%) | $10,094/bedroom |
| $19,000 (80%) | $9,500/bedroom |
As you can see from the table above, if you know that rents in Baltimore can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.
If you're a student of marketing, then you know that there are many variations on how to get your message out and that it's worth constantly testing new methods to discover what performs best for you. Here's another technique you may want to add to your repertoire: Buying Houses with Door Hangers. Wouldn't it be worth trying some new marketing tools if you could generate more leads in Baltimore?
Until my next post,
James
Watch FREE Real Estate Investor Training Videos - Instantly watch free real estate investor training videos right now for free.