Best Rental Property Markets in Baltimore Area

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Hello BP Colleagues,

I am a newbie to the real estate investing business. My goal is to obtain a single family home or duplex in the next 6 months. I am currently researching markets in Baltimore City/County. Where are the best markets to own rental property? Are there any areas up and coming? Where are the jobs?

Thanks for the insight. Keep pressing forward. 

Gabe

[Eric M.]

I'm a relatively new investor in the city, but I don't necessarily think that there are any areas that are necessarily totally out of the question. That being said, make sure that you're researching the rental area in any area you are considering. You can buy properties for less than $5k in Bmore, but that may not necessarily be a good deal, if you know what I mean? Be wary of more than a few boarded up properties, unless you are planning to hold for a long time.

Here are a few resources that I have found helpful:

Baltimore Neighborhood Indicators Alliance
http://bniajfi.org/

Baltimore CityView
http://cityview.baltimorecity.gov/

Foreclosure Indicators for Baltimore City
http://foreclosures.bniajfi.org/

Baltimore Open Data
https://data.baltimorecity.gov/

CrimeBaltimore
http://crimebaltimore.com/

Narrow it down to a few neighborhoods that interest you and then definitely drive them. Some neighborhoods I had considered were quickly precluded as opportunities when I drove them. Best of luck!