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Archive for November, 2007

 
Nov
30
Posted (Joshua) in Resources, Real Estate on November-30-2007
Dear SCOPE Project-I am sending this e-mail to the three persons listed on the SCOPE webpage at:

http://www.realtorsbaltimore.com/gbbr_scope.php

I’m a realtor/investor who is interested in buying an inexpensive
house in Baltimore and fixing it up. A lot of the inexpensive houses
are SCOPE.

Let’s take one in particular-

A Vacant Property in Baltimore
MLS ID# XXXXXXX

This listing is brokered by: A Brokerage Real Estate, Inc.
Office (410)000-0000

I called the listing broker and was informed that this house, and all
SCOPE properties, cannot be bought as an investment. They have to be
bought by owner-occupants, people that will live in the home. That
counts me out right away! I want to be able to use the property as an
office and also to rent out a room or two.

Also, the buyer only has eighteen months to rehab the
property. When I buy a property, I want to be able to rehab it at my
own pace. I want to be able to take the time to do it right, to get
lots of estimates on each phase of the rehab process. I don’t want to
be hurried!

If the idea of SCOPE is to get vacant properties fixed up and
non-vacant, to put these stipulations on investor/rehabbers is
counter-productive.

Regards,

JB



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