Maryland Line, MD · Member since 2017 · 10 posts · 2 votes
Hello everyone, my name is Garrett and I am fairly new to the Hagerstown Md market. I just started my journey into REI last year. I have a duplex and another under contract. I was wondering if anyone had any advice on the Hagerstown market, have any GOOD Contractors, CPAs, Property managers and Real Estate Agents? I have some in mind but wanted to see if anyone else has had any luck. Thanks in advance. =D
Montgomery Village, MD · Member since 2018 · 28 posts · 7 votes
8y
It seems like it’s a lot of opportunity in Hagerstown. I see a lot of opportunities to enter into a duplex, or quadplexes. In the area, just not sure about the job market and growth. In that area. Good luck
Lender · Frederick/ Falls Church DC, Maryland & Virginia · Member since 2014 · 794 posts · 612 votes
8y
@Garrett PItts I have a few units up there and use Ridgecrest property management. So far I have been very very happy with them.
@Dominic Courtney spot on observation. Economy is ok right now but I would not want to be caught holding property up there during a 2008 type pull back unless you are in it for the long haul. The government up there also makes it hard on landlords. A weak economy making it hard for people to do business is the wrong recipe in my opinion. It would appear there may be a slight shift happening up there but Hagerstown is still more or less a blemish to MD city list's.
Lender · Frederick/ Falls Church DC, Maryland & Virginia · Member since 2014 · 794 posts · 612 votes
8y
Really depends on what your trying to do. If rentals, I would come a little further into Frederick where there is much more economic stability, better tenants and a promising growth. Montgomery county, though high entry price, will always rent out as well but the cash flow will not likely be as high. For flips both the area's I mentioned will work. I am seeing a ton of activitiy in PG, AA, Howard, Balt, and southern MD as well. Due to your location I would check out AA, Howard and Balt on the MD side.
Lender · Frederick/ Falls Church DC, Maryland & Virginia · Member since 2014 · 794 posts · 612 votes
8y
@Garrett PItts I do not own any rentals in Baltimore so sorry, I can't recommend anyone there. I only wholesale Baltimore. The closest I get is Carroll County but my partner manages our building there.