Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

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Annapolis Real Estate Investors Cash Flow Secrets

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A lot of folks would like to invest in real estate in Annapolis and Anne Arundel County, and get stuck when they can’t figure out how to make the properties cash flow. The median sales price in the county year to date is $299,999, a reduction from the $325,950 that it was last year. That nearly 10% reduction sounds pretty good. But when a house typically rents for $1400-1600, it doesn’t make much difference that the prices have come down 10%, does it?

A local real estate wholesaler called me the other day. He has a couple townhomes in Brooklyn (just north of Annapolis, between Annapolis and Baltimore) available for $75,000 and $82,000. He said the need less than $20,000 in work each, and would rent for around $1150. Those numbers are a little nicer. With 20% down, he forecasts a cash-on-cash return of 31%.

Do you know someone who invests in Brooklyn Park or Brooklyn? How do they like it? I’d love to know. And if you’d like to acquire some property like this, let me know, as these kinds of deals are being made all the time right now.

P.S.  Call me today for all your Annapolis real estate needs.

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Here are some client reviews of Carlyn Lowery…

“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly

“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam

“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard

“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan

 

Questions? Call Carlyn Lowery today.

443-569-3977 – Direct
888-860-7369 x146 – Main Office
click to Email

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