I just added a mini split to the attic of my 2 bedroom rooming house and yes it was $5K. Sucks but it’s an older house that only has one vent in the attic. Usually attics aren’t switched to be a bedroom but it’s actually a huge attic with a great bedroom and has a huge bathroom with a jacuzzi tub. A plumber used to own it so he set it to be a great rooming house with a basement studio that has 2 water heater down there!
I just found out our county allows for up to 4 unrelated people in a house BUT our city only allows 3 unrelated in a house. Sucks because I need 4 rooms to buy these higher priced homes. Especially since I like to buy homes that don’t need much done to them except maybe adding an extra bathroom. I got lucky with my first rooming house because the previous only did $70K in renovations to the house. So it was pretty turnkey except adding a mini split to the attic and changing the paint color in the basement. There is a village right next to our city who allows 4 and so I’m looking for a house in that area. But I’d really like to also find one in our city too. I’m asking if they would be willing to change it to 4 unrelated people to match up with the county. They did that recently on another matter.
So I have a question about rooming houses in Baltimore... I heard you can only have 4 people in the house that are not related, but a lot of people have 5-6 unrelated people in a home. How do they get away with that? Have you heard of that backfiring on someone?
If they are doing it legally, then they are simply applying for it through the rental license department (DHCD). But most are unlicensed and rarely get caught. Getting caught normally means someone told on the investor and it will mean fines until it gets licensed
The purchase price was technically $350k. But I bought it Subject To. So really it just cost $9k of closing costs. The rooms will rent for $1000 a room
Very interesting concept and creative solution to obtain and cash flow these nicer properties. Do you just get two “normal” fridges, and do you ever supplement with a deep freezer?
This is very inspiring for me.
Great editing!
Trying my best to keep improving that
Looking good, Champ. Keep us updated on the renovation.
Thanks! Will do! I'll post a deal breakdown on it to show costs as well
I just added a mini split to the attic of my 2 bedroom rooming house and yes it was $5K. Sucks but it’s an older house that only has one vent in the attic. Usually attics aren’t switched to be a bedroom but it’s actually a huge attic with a great bedroom and has a huge bathroom with a jacuzzi tub. A plumber used to own it so he set it to be a great rooming house with a basement studio that has 2 water heater down there!
Did you do an update video to this house?
I just found out our county allows for up to 4 unrelated people in a house BUT our city only allows 3 unrelated in a house. Sucks because I need 4 rooms to buy these higher priced homes. Especially since I like to buy homes that don’t need much done to them except maybe adding an extra bathroom. I got lucky with my first rooming house because the previous only did $70K in renovations to the house. So it was pretty turnkey except adding a mini split to the attic and changing the paint color in the basement.
There is a village right next to our city who allows 4 and so I’m looking for a house in that area. But I’d really like to also find one in our city too. I’m asking if they would be willing to change it to 4 unrelated people to match up with the county. They did that recently on another matter.
So I have a question about rooming houses in Baltimore... I heard you can only have 4 people in the house that are not related, but a lot of people have 5-6 unrelated people in a home. How do they get away with that? Have you heard of that backfiring on someone?
If they are doing it legally, then they are simply applying for it through the rental license department (DHCD). But most are unlicensed and rarely get caught. Getting caught normally means someone told on the investor and it will mean fines until it gets licensed
What was the purchase price of the home and what rents do you think you can get for each bedroom?
The purchase price was technically $350k. But I bought it Subject To. So really it just cost $9k of closing costs. The rooms will rent for $1000 a room
I would have went with 2 bathrooms downstairs no matter what I had to do to make that happen Plus there was plenty of space to do it.
Very interesting concept and creative solution to obtain and cash flow these nicer properties. Do you just get two “normal” fridges, and do you ever supplement with a deep freezer?
Two normal fridges work fine for four roommates. Though once you get to 6 roommates you might need to supplement it with a 3rd