Help on where to start

[Nael Babaa]

I'm new to REI but have been passionate about it for years. Through BP I feel like I have direction on how to start and where I'd like to take my investments in the future. I live in an expensive area in Montgomery County MD, so I was hoping if I could get some help on identifying good cities to build a portfolio of properties using BRRRR. Currently thinking of Cleveland, Richmond, Philadelphia, and Indianapolis.

Any recommendations?

[Kevin Dean]

Hey @Nael Babaa I have experience investing in the Baltimore area, as well as out of state (Lexington, Kentucky). While I would not recommenced going into Baltimore City due to high crime, population decline and high property taxes, there are a few affordable sub markets in the surrounding area, not far from you, which are supported by a stable and diverse employment base.

If you look in Anne Arundel County in markets such as Glen Burnie, Ferndale and Pasadena, you will find opportunities. Also, just outside of Anne Arundel County, Halethorpe and Arbutus offer a number of single, and small multifamily opportunities.