Good Places/Advice to Invest in Maryland

[Isaiah Gill]

Me and a friend are looking to start our investment journey working together and potentially bringing in a couple more friends to get going. We still have a lot to learn and figure out before we even start to think about our first deal but I had a couple questions that I was hoping to get answers for. Any and all advice/recommendations are welcome and very much appreciated.

- What are some good areas/counties/cities for small to medium multifamily in Maryland? We are working on doing our own research but any recommendations or advice from people investing in Maryland already would be greatly appreciated.

- How does investing work when doing so as a group? I know that if it was just one or two of us then either of us could just look into different loan options but how does this work when multiple people are involved/putting money in?

Thanks in advance to all replies!

[Tim Jacob]

Baltimore city has the most small multifamilies.  Baltimore county has a few as well.  Frederick might be another possibility but less inventory.  Montgomery and PG county usually don't have as much.  Additionally PG and Montgomery have rent control.  It is not restrictive unless you own more than 2 units and its for housing built before 2000, which there is a lot of.  The max increases are not bad but if inflation goes crazy like the 80s it would hammer landlords.  Also you don't want to start someone too low or inherit a long term tenant who is paying way under market.  Baltimore and Frederick do not have rent control measures.