Looking to start invest in Baltimore Metro Area

[Priyal B.]

Hello all,

I am looking forward to invest into rental property in Baltimore area. I have experience in buying houses, but I am struggling to make uo my mind in how much risk I should be taking and when it comes things between areas, locality and price. also should I also consider on some section 8 properties?

I am. looking forward to invest in properties more than probably 40k but less than 150k.

Any wise words to set my thoughts in direction?

I would appreciate any suggestions/ corrections as well as looking forward to be part of this great community!

Thanks!

PJ.

[Jamal L.]

@Priyal B. 

I think it would depend on your strategy in investing. If you are looking for more appreciation you may want to buy on the higher side and hope for generous appreciation in the future with minimum cash flow. If you are looking for cash flow you may want to go with the lower end that can possibly give great monthly cash flow yet not much appreciation when & if you are looking to sell. 

Some great areas for appreciation are near any Universities, and redevelopment areas such as Greenmount area and Major business such as Amazon. 

Great buy and hold areas are where the block isn't drug infested yet fully occupied homes not a lot of vacant or board ups. For this type housing the range can be on any level, good deals can be found at any price range depending on how you come across the deal.