Looking to grow my Real Estate Portfolio/ different strategies here in Baltimore!

[Julian Delgado]

Hello everyone!

Seeking some advice and tips on how to continue in the right direction, looking to continue buying real estate in Baltimore I just recently moved into a newly renovated single family row home but already thinking about the next opportunity out there. Is it smart to buy properties that are already move in ready and rent out immediately in an area like this as opposed to buying rehab properties? Im also a veteran where I have access to the home loan as well. Looking to continue buying single family homes at the moment and continue renting cause I’m noticing the Baltimore area a lot of people are looking to rent. Any tips for me, excited to get some different perspectives, thanks!

[Jonathan Greene]

Quote from @Julian Delgado:

Quote from @Jonathan Greene:

It really depends on your skillset, access to a good contracting team, and your time. If you don't h ave any of those three or all of them to renovate, I prefer investor to buy rent-ready properties so there is no turnaround time other than getting it rented. Yes, you lose the value add upswing, but you also reduce potential money loss and time loss.

Thanks for the advice! If buying rent-ready properties is the route I take normally how many properties in the portfolio would be best to really generate cash flow?

That depends on what cash you have on hand, the prices in the area you are buying, the rent to price ratio, and how well you landlord. There is no number. It's all relative.