Baltimore vs DC/Northern Virginia Area

[Howard Spector]

Hello,

I have lived in Baltimore for about 4 years and know the area very well. I have just recently moved to the Northen Virginia area and am still learning the best places to invest around here.

My question is, has anyone had any experience investing in the nice areas of Baltimore (Fells Point, Canton, Hampden, Federal Hill) or the Northern Virginia area?

It seems to me that Baltimore has the better opportunity for Cash flow while having A or B class renters. The downside would be that appreciation would not be great.

Northern Virgina/DC seems super difficult cash flow wise because the home prices are so high and the HOA fees in so many neighborhoods. The flip side, is appreciation seems to be phenomenal.

To investors in these areas, is this am accurate assessment? Would you rather break even/ take a small loss cash flow wise to take the appreciation in the DC/NOVA area or prefer the A/B class tenants in the nice areas of Baltimore but not see much appreciation?

Thank you!