Pimlico Capital's Blog: Sharing our Knowledge

Is this a good idea?

Is this a good idea?

Real estate investors run the gamut from those that are risk averse to those that are risk tolerant. For those who are not averse to risk, it is a slippery slope in terms of simply being risk tolerant to being a risk seeker. On real estate investor...

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Securing a Vacant Property

Securing a Vacant Property

One of the difficulties that fix and flippers face is how to secure the property when the property is unoccupied (particularly evenings and weekends). The risk exposure of an unoccupied property includes the following: Theft. At risk are any tools...

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House Hacking In Baltimore

House Hacking In Baltimore

The Joint Center for Housing Studies at Harvard University published a study titled, “America’s Rental Housing 2020.” In that study, the Center reports that “…10.9 million renters—or one in four—spent more than half their incomes on housing in...

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Baltimore City: Green Spaces

Baltimore City: Green Spaces

Baltimore City may not always be perceived in the most positive light—it was famously referred to as a  “disgusting, rat and rodent infested mess” in the news—but there is a reason it is affectionately known as “Charm City.” Baltimore was...

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I don’t really need a permit, do I?

I don’t really need a permit, do I?

When renovating a house for the purpose of flipping it, the flipper can be tempted to forgo permits for building, electrical, and plumbing. The flipper is likely concerned about the cost of the permits in addition to the potential delay in...

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Underwriting: Why do we appraise in-house?

Underwriting: Why do we appraise in-house?

We do our underwriting in-house, and there is no charge to our borrowers for this service. Why don’t we use third party appraisers to value the collateral? In our experience, some third-party appraisers do not understand the local market as well as...

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