I appreciate the support! I actually just uploaded the second part of this a little bit ago if you are interested ua-cam.com/video/idwFhlXm7i8/v-deo.html
Mr moreno my partner and I are going to jump in to this market and I have over 25 year under MY belt in NYC i have watched your videos and your mentors and its the same crap in NY as BLT love the videos just to say i feel there is plenty of room in this pool for everyone and hope someday we cross paths so i could tell you thank for the great advice
Yeah I imagine there will be a lot of similarities in many northern city markets. Baltimore will have just more vacants I imagine which of course makes plenty of room for other investors like yourself to jump in!
Yeah I can absolutely share the final costs in my next video. We are pretty much complete at this point anyway. Though keep in mind that contractors do typically charge more in D.C. than they do in Baltimore
This Edgewood house is in the area of west Baltimore where I grew up along Edmondson Ave. Nice to see these neglected homes being fixed up instead of deteriorating to the point of being demolished. Most of the rowhomes from this era did have beautiful hardwood floors. Were you keeping any of the fancy ball and stick fretwork above the doorways?
We are trying to keep as much of the original architecture as possible but unfortunately much of it is damaged beyond repair. However the outside door fretwork with the glass can be kept as long as we wrap the wood or replace it in some way to remove the lead paint.
I will never understand the shortsightedness of renovators insisting on removing radiators/boilers and replacing with a scorched air system. Radiant heat is the absolute best in terms of comfort. Go the extra mile and upgrade the boiler, keep the radiators and add duct work for AC only. If it’s a cost issue please understand that they’re are many people, including me that would never consider purchasing a house without radiant heat. Please stop this.
Boilers are absolutely better than forced air systems in almost every way for the purposes of heating. But this is really only if you are thinking as a home owner and not a house flipper. Gas boilers and oil boilers run easily $500-1000 more in price for installation per unit than a furnace. Replacing them is also almost 3 times more expensive in many cases which is not good for long term holds (which is arguable since boilers require less ongoing maintenance). And this is all before assessing the cost of the AC ductwork which will be a separate installation cost (which a furnace incorporates in its price since it needs the same ducts). If you choose not to do the ducts, then your ARV will drop significantly if other homes in the area have them for AC. Also sometimes the pipes need to be replaced in these old homes, which can significantly add to the costs of the boiler system. Also another final factor is what buyers expect. Most people don't know what you know about boilers. Many buyers look at them and it screams "OLD"! They want newer technology. So by picking the more efficient older system, you are reducing the pool of buyers. So despite there are many like yourself who prefer it, renovators are trying to appeal to the majority market since they lose money each day they hold the house
how people trash a home to that extent, i guess if momma ain't around to clean up their mess just live & act like animals, 2 things that should always be spotless your boxers/underwear & your home!!
Good work. Baltimore needs guys like you sir!
I appreciate that!
Devon keep up the good work! I also invest in Baltimore and love seeing what other investors are doing to their properties.
I appreciate the support! I actually just uploaded the second part of this a little bit ago if you are interested
ua-cam.com/video/idwFhlXm7i8/v-deo.html
I know it is kinda off topic but do anybody know a good place to stream new series online?
@Lennox Trey Flixportal :D
@Calvin Nathaniel Thanks, I signed up and it seems to work :) I appreciate it!!
@Lennox Trey You are welcome =)
Mr moreno my partner and I are going to jump in to this market and I have over 25 year under MY belt in NYC i have watched your videos and your mentors and its the same crap in NY as BLT love the videos just to say i feel there is plenty of room in this pool for everyone and hope someday we cross paths so i could tell you thank for the great advice
Yeah I imagine there will be a lot of similarities in many northern city markets. Baltimore will have just more vacants I imagine which of course makes plenty of room for other investors like yourself to jump in!
Only through the description of what you are going to do and got to admit great ideas and vision also you are more man than I am taking that on
Planning to gut and turn a DC row house into a duplex rental. Do you mind sharing the cost for one or both houses to complete?
Yeah I can absolutely share the final costs in my next video. We are pretty much complete at this point anyway. Though keep in mind that contractors do typically charge more in D.C. than they do in Baltimore
On Veneble house, when you opened up kitchen sink cabinet door there is an S trap which is no good to isolate sewer gas from city...
Yeah unfortunately that's what happens when an inexperienced investor hires the cheap contractor. I've certainly learned my lesson since then.
how do you deal with humidity in basements? Ever run a dehumidifier? commercial grade?
Great vid. Would like to see more. Also would love a video/explanation regarding ground rent / landlord tenant laws in Baltimore.
I can definetly do a video about the unique laws of Baltimore. I'm not as familiar with Ground Rent at this time but I can interview someone who is
Very interesting
This Edgewood house is in the area of west Baltimore where I grew up along Edmondson Ave. Nice to see these neglected homes being fixed up instead of deteriorating to the point of being demolished. Most of the rowhomes from this era did have beautiful hardwood floors. Were you keeping any of the fancy ball and stick fretwork above the doorways?
We are trying to keep as much of the original architecture as possible but unfortunately much of it is damaged beyond repair. However the outside door fretwork with the glass can be kept as long as we wrap the wood or replace it in some way to remove the lead paint.
@@DevinMorenoInvesting Awesome job. We are looking to purchase homes in Baltimore.
Curious if you saved or reused any of those great door/window casement moldings?
We did not because of the lead. Unfortunately we had to get rid of them
How much would a complete renovation like that cost?
The bigger reno job took $85K to complete. The easier one was about $50K
Bulletproof windows?
Fireproof walls?
How much was the full rehab also can you finance a rehab from a contractor ?
What was your budget on both of these projects?
Did you mention the price you paid to get the Venable house?
We paid $30,000 for Venable
Best of success to you
I would like to work with you, you are very knowledgeable
I certainly don't mind helping out where I can. Feel free to contact me at the email in my description
@@DevinMorenoInvesting are you still investing in the Baltimore area?
how did you deal with the lead issue in Baltimore?
Really depends on the property. Sometimes it can be very tough. But usually you have to enclose it completely or remove it.
How can i reach out to you ?
@devinmoreno Do you offer mentoring or unpaid internship?
I really dont offer mentorship but I certainly wouldnt mind helping you out. Feel free to reach out to me at devinmorenoinvesting@gmail.com
Looking for a foreclosed massage parlor for a home office (free access).
👍🏾
I will never understand the shortsightedness of renovators insisting on removing radiators/boilers and replacing with a scorched air system. Radiant heat is the absolute best in terms of comfort. Go the extra mile and upgrade the boiler, keep the radiators and add duct work for AC only. If it’s a cost issue please understand that they’re are many people, including me that would never consider purchasing a house without radiant heat. Please stop this.
Boilers are absolutely better than forced air systems in almost every way for the purposes of heating. But this is really only if you are thinking as a home owner and not a house flipper. Gas boilers and oil boilers run easily $500-1000 more in price for installation per unit than a furnace. Replacing them is also almost 3 times more expensive in many cases which is not good for long term holds (which is arguable since boilers require less ongoing maintenance). And this is all before assessing the cost of the AC ductwork which will be a separate installation cost (which a furnace incorporates in its price since it needs the same ducts). If you choose not to do the ducts, then your ARV will drop significantly if other homes in the area have them for AC. Also sometimes the pipes need to be replaced in these old homes, which can significantly add to the costs of the boiler system. Also another final factor is what buyers expect. Most people don't know what you know about boilers. Many buyers look at them and it screams "OLD"! They want newer technology. So by picking the more efficient older system, you are reducing the pool of buyers. So despite there are many like yourself who prefer it, renovators are trying to appeal to the majority market since they lose money each day they hold the house
Actually
I would have made a loft in the bedroom with the exposed brick.
That's a good idea! I might consider something like that in future projects
how people trash a home to that extent, i guess if momma ain't around to clean up their mess just live & act like animals, 2 things that should always be spotless your boxers/underwear & your home!!
Stop saying actually
The Democrats have done wonders for that city.