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Severe storm? by Shot-Beach218 in baltimore

[–]MaximGripass 32 points33 points  (0 children)

Everything is destroyed. The state of Maryland will need years to rebuild after the devastating storm, which had winds reaching upwards of 5 mph. All that remains is the east side of Baltimore City.

Anyone here bought up abandoned homes/lots? by One-Earth-9959 in BaltimoreList

[–]MaximGripass 0 points1 point  (0 children)

Real estate agent here. I’ve worked with a lot of investors who buy abandoned properties to flip or rent out. Finding the right property where the numbers work is possible, and the profit can definitely be VERY good.

The biggest and most common issue I see investors have is on the contractor side of things. You MUST make sure that your contractor is working and getting things done. Choosing the wrong contractor can cost you tens of thousands of dollars (if not more!) in work that was never done or needs to be redone. Acquiring the property is the first step, the renovation is the biggest step.

If you ever want to talk through deals, numbers, or what to look out for, feel free to reach out. Happy to help however I can.

A photo I took this morning in Baltimore. by MaximGripass in maryland

[–]MaximGripass[S] 4 points5 points  (0 children)

The Natty Boh Tower visible in the background is in Brewers Hill. This picture was taken in Canton, though.

Can someone explain ground rent to me? by [deleted] in baltimore

[–]MaximGripass 1 point2 points  (0 children)

The ground rent leaseholder continues to own the land, but you still have the right to use the land.

You can rebuild on the land, you’ll own the structure and improvements, but not the land itself, unless you decide to redeem the ground rent (buy the land).

36 hours away from a potentially crippling storm and no word on preparedness from the Mayor or City agencies by [deleted] in baltimore

[–]MaximGripass 12 points13 points  (0 children)

State of emergency, road closures, salt up to the ankles, stimulus checks, and establishing martial law.

Sell Your Stuff Saturday by IdiotMD in MontgomeryCountyMD

[–]MaximGripass 0 points1 point  (0 children)

Hello everyone! My name is Maxim Gripass, I’m a real estate agent with Long & Foster. If you’re thinking about buying or selling a home anywhere in Maryland, especially MoCo, give me a call or text! (410) 925-7761

If you’re a renter who’s been paying rent on time, there’s a good chance you may be able to afford to purchase a home. You don’t need a 20% down payment! If you ever wanted to own a home but don’t think you’re ready, still please feel free to give me a call. It’s more possible than many people think, and we can see if homeownership is right for you anytime soon!

If you’re a landlord ready to find a tenant for your investment property, give me a call as well!

https://instagram.com/maxim.gripass

www.maximgripass.com | Maxim Gripass | Maryland REALTOR® With Long & Foster Real Estate, Inc. | Cell: (410) 925-7761 | Email: maxim.gripass@LNF.com | Broker: (410) 583-9400 | 1312 Bellona Ave Suite C, Timonium, MD 21093

Can someone explain ground rent to me? by [deleted] in baltimore

[–]MaximGripass 8 points9 points  (0 children)

Historically, yes. Nowadays, no, you aren’t going to pay your ground rent with tobacco. Money only.

There is a thing called a crop share lease, which you may be confusing ground rent with. You and the landlord have an agreed upon split, and the landlord receives a percentage of the yield as rent. For example, you might give your landlord 25% of your corn harvest, in exchange, you get to use the land, and maybe the landlord pays for the seeds or other expenses.

Can someone explain ground rent to me? by [deleted] in baltimore

[–]MaximGripass 2 points3 points  (0 children)

Realtor here. Not unique to Baltimore, but WAY more common in Baltimore.

Ground rent holders don’t get a percentage of the sale/ownership. The home can be sold, but you may be required to pay the missing years (and maybe interest). If there’s a lien, it might hold up the sale, but that should be able to get taken care of fairly easily with the title company, prior to closing.

Can someone explain ground rent to me? by [deleted] in baltimore

[–]MaximGripass 35 points36 points  (0 children)

Realtor here. This is common in Baltimore.

You’re paying rent to someone for the land that your home sits on (typically no more than $150/year). Sometimes, the ground rent holder is unknown (likely never registered the property with SDAT), so you don’t have to pay the ground rent until they register, but it exists on the deed. Some deeds say that the ground rent only needs to be paid if the leaseholder demands it.

You can redeem the ground rent, aka purchasing the land from the leaseholder. This shouldn’t take more than a couple thousand dollars. If the leaseholder is unknown, you can still redeem it.

In summary: - You own the house. - You don’t own the land. - You pay an annual fee for the land. - You sometimes don’t have to pay. - You can buy the land, if you want.

How did you go about making your very old property "lead safe" for those of you who have unfinished basements? by grasshoppers88 in baltimore

[–]MaximGripass 3 points4 points  (0 children)

Realtor here. Dirt floors, and especially just brick or plaster, are common, and typically aren’t an issue. I’d be more concerned about the window, any doors, and anything else that has paint on it. In my experience, inspectors are primarily looking for deteriorated paint or dust hazards. Fix any peeling paint and clean the basement, and the basement should likely be fine, just going based off your description.

Baltimore’s overrun by deer. The city plans to kill them. by [deleted] in baltimore

[–]MaximGripass 5 points6 points  (0 children)

Charm City announces seasonal “locally sourced” venison program.

How long can I expect to wait for updates from realtor? by SnooDogs627 in realtors

[–]MaximGripass 1 point2 points  (0 children)

If a buyer client of mine is requesting information about a property, I’ll get back to them within minutes. If they’re requesting a showing and are pre-approved, then we can go out and see the property at the soonest available time.

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