Residents in these Md. counties pay the highest property taxes – Baltimore Business Journal

 


Baltimore Business Journal

Residents in these Md. counties pay the highest property taxes
Baltimore Business Journal
The real property tax rate in the city is the highest of any jurisdiction in Maryland at 2.24 percent. The next highest real property tax rate is in Charles County, where owners pay a rate of 1.25 percent. Real property taxes are paid on the land and  

Inside this Maryland house, there’s much, much more than meets the eye – Washington Post


Washington Post

Inside this Maryland house, there’s much, much more than meets the eye
Washington Post
The Potomac house owned by Tracy and Mary Vargo was just the opposite: the rare house that was actually smaller than it looked, said Tracy, a principal with the Matan Cos., a commercial real estate services and development firm in Germantown. “We fell

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50 stores? Wawa unveils its expansive plans for Greater Washington, look of the first in DC – Washington Business Journal


Washington Business Journal

50 stores? Wawa unveils its expansive plans for Greater Washington, look of the first in DC
Washington Business Journal
Wawa has operated urban stores in Philadelphia for years, and decided to expand to Washington due to the demographics as well as the proximity to its home market. More than six months ago, it hosted a dozen or so D.C.-area real estate brokers in …

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Maryland Continues to Rank Highest For Flipping – (LINKS)

WREIA 2017 June Meeting
Monday June 12th – Doors Open @ 6:30PM

“Mortgage/Note Investing”

Re: Flipping In Maryland

Yet again – Maryland finds itself in one of the “Best Places to Flip Homes” lists produced by a national publication.

In this case – Time Magazine put Baltimore at the top of the list.

That’s right.
The #1 spot!

If you browse through the other cities on the list, you will also find our friends to the south in Richmond.  Here I am stuck in the middle with you in little ol’ DC.

A few years ago, you would have found the entire state of Maryland ranked in the 3rd spot according to USA Today.

“John – that’s great and all. But it just seems so competitive now. I can’t find deals like I used to.”

I hear you. You and dozens of other friends who have been at this for a long time have said the same thing this year. It has gotten more competitive.

Well – listen up. My job is to keep you ahead of the competition. Even if every member of WREIA did exactly the same thing, we would barely bump into each other here in the DC area. It’s gotten to be that big of a population.

That said, I have no problem sharing this topic with you – because this market is even bigger. 

A few years from now, people (and private money funds) will have caught on to the fact that behind the houses is a HUGE Mortgage/Note market that is slowly opening to the solo entreprenuer or investor.

The good news for you is that if you understand houses and the costs to renovate, current value, rental possibilities, etc. you have an ENORMOUS advantage over your competition when it comes to buying and selling mortgage notes.

Knowing how to buy and sell notes is like a secret back door into a deal.

Now, let’s be perfectly frank with each other. This is not a short-term play.

This is another weapon you can add to your knowledge arsenal when trying to structure a deal.  The more tools you have access to, the more likely you are to be able to solve a problem – profitably.

I see some cracks in the housing markets around the country. Some things that are finally starting to happen as a result of the great recession we went into 10 years ago. It’s opening a market in the note game, and you need to be a part of it.

My job at WREIA is to make sure you have access to a team of professionals who are ACTIVE and experts in what they do TODAY.  We will not introduce you to some tired old speaker that has been talking about the same thing and the great deal they put together 12 years ago.

That said – you need to reserve a seat and be with us at WREIA on June 12th.

This month you will learn how to:

  • Find Notes
  • Analyze Notes (much easier if you have some knowledge of property values)
  • and make GREAT returns.

The good news is that this type of investing is very PASSIVE. This means that you will not be running around town back and forth from a hardware store trying to repair or renovate houses.

Lots of people these days are interested in, or already renovating houses.

VERY FEW PEOPLE UNDERSTAND NOTES.

The icing on the cake is that this is a great method to combine with knowledge about various retirement plans. In it’s simplest form, you can buy a non-performing note. Improve it, and reap the financial rewards in a tax-free or tax-deferred retirement plan. GENIUS!

I make fun of it all the time, but this is the type of business you can do sitting in your PJ’s in front of a laptop anywhere in the world.

IF – you treat it like a business. There are a lot of areas you can mess up. Monday night you are going to hear about some of those mis-steps as well.

I suggest reserving your seat for Monday night – June 12. Go ahead and mark your calendar for the Self-Directed IRA meeting on July 17 while you’re at it.

Combining these two nights is a powerful combo of knowledge that will unleash skills that very few people have mastered.

If you can read between the lines – it also means there is less competition.

Will you join us Monday evening as we have a local note expert at WREIA?

*********

Interested in a single night seat or a WREIA Membership?

Save a few dollars and reserve your seat early.

Tremendous Savings and Additional
“Members Only” Perks for WREIA Members

*********

FOCUS and make 2017 a great year for your business!

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

Note Investing Mini-Case Study

Re: Note Investing Mini-Case Study

You saw the National Harbor breakfast video we posted last week.

And then you took a stroll down memory lane with me when I broke out my first real estate education purchase. That was particularly memorable for me because it led to such a great friendship that endured for years.

Today why don’t we get down to the nuts and bolts behind Note purchases?

Here is a great example:

Many years ago, when I was one of the few people in the DC area mailing letters to estates, (today there are dozens – if not hundreds – who mail estate letters into our area) I got a call from one of the people I mailed a letter to.

“Do you buy notes?” he asked.

“Sure.” I said.

His brother in law owned 3 notes and wanted to sell. The notes were in Washington State, Ohio and Florida.

We determined that the notes in Ohio and Florida were “non performing” and had been dormant for a number of years.

The note secured by this house in Washington state was performing. $22,000 principal balance and a $475.00 per month payment.

Here is a photo of the property in Washington State:

The long story short – we bought all three notes for $2500.

That’s called a Motivated Seller.

The good news – We collected 3 years of payments and then received a check for $16,000 to pay off the note.

You do the math….. great return over three years, right?

The best news is that this deal was done inside my self directed IRA.

Combining the knowledge you will learn from our speaker on Monday, with the knowledge about IRA’s you will learn in July, can make your retirement years much more pleasant.

This month you will learn how to:

  • Find Notes
  • Analyze Notes (much easier if you have some knowledge of property values)
    and make GREAT returns.
  • The good news is that this type of investing is very PASSIVE. This means that you will not be running around town back and forth from a hardware store trying to repair or renovate houses.

Lots of people these days are interested in, or already renovating houses.

VERY FEW PEOPLE UNDERSTAND NOTES.

The icing on the cake is that this is a great method to combine with knowledge about various retirement plans.

I make fun of it all the time, but this truly is the type of business you can do sitting in your PJ’s in front of a laptop anywhere in the world.

IF – you treat it like a business. There are a lot of areas you can mess up. Monday night you are going to hear about some of the pitfalls as well.

I suggest reserving your seat for Monday night – June 12. Go ahead and mark your calendar for the Self-Directed IRA meeting on July 17 while you’re at it.

Combining these two nights is a powerful combo of knowledge that will unleash skills that very few people have mastered.

If you can read between the lines – it also means there is less competition.

Join us Monday evening as we have a note expert as our guest speaker at WREIA?

*********

Interested in a single night seat or a WREIA Membership?

Save a few dollars and reserve your seat early.

Tremendous Savings and Additional
“Members Only” Perks for WREIA Members

*********

FOCUS and make 2017 a great year for your business!

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

P.S. Interested in a lender or construction partner for your project? We lend to and partner with people all over the DC area. Call the office and lets set up a time to talk through or walk through your project.