Baltimore City Investor: HELP!!!How Do I Know Where to Invest???

[Jasmine Wilborne]

Hey everyone! 

I'm Jasmine and I've got a really big goal to purchase my first triplex in Baltimore City in the next...oh 96 days. My strategy is to use private or hard money to purchase it and use the B.R.R.R.R method to cash out and pool that equity into my next deal. I also plan on house-hacking the unit and renting out the other two units. 

My problem can be summed up in one question: How the heck do I do accurate, thorough market research to determine which neighborhoods/zipcodes to invest in???? 

Baltimore is a zipcode-by-zipcode, block-by-block, neighborhood-by-neighborhood area and I'm overwhelmed!!!! 

Note: I am currently using Ken McElroy 3 step research process....if that rings a bell to anyone. 

Can anyone help me by providing their techniques of market analysis? I've already started by researching vacancy rates, housing prices and employment of different neighborhoods. Am I on the right track?! (I'm tempted to go neighborhood by neighborhood and "eliminate" those I don't want to even touch)

Heeeeeeeeeeeeeeeeeelp!!!! 

[Account Closed]

@Jasmine Wilborne Hi Jas! Sounds like you have a great game plan layed out. That's a good sign to start with. I would suggest getting the Baltimore business journal, Baltimore sun, and heading to Local meet ups to speak with other great minds about the markets and sub markets you are aiming for. Driving the neighborhood during certain hours is a great way of feeling out the area. I have used google instant street view a ton also. Ken McElroy The Abc's of real estate investing is a great book. I actually am reading it now for the 3rd-4th time. Currently on Chapter 7 "Is it really a diamond" But question: What are your Goals far as business? Are you aiming for cash flow? Appreciation? Quick Cash turnarounds?