Getting started in Baltimore

[Account Closed]

Hey everyone,

This is my first Bigger Pockets post and I'm excited to be here. Just purchased our first investment property in South Baltimore and had tenants move in last week. We financed it with 20%, our goal is to buy and hold and get a little bit of cash flow. I stumbled upon bigger pockets and I wish I knew about this earlier! I've been reading through David Greens book on BRRR investing. Does anyone have any advice for successfully using a BRRR strategy in south Baltimore? Specifically, Fed Hill, Riverside, or Locust Point?

[Michael Krupp]

Good job John! Hey Joe Norman! I have a bunch of rentals myself and find that you need a good team as mentioned before.  Make sure you have a good realtor or more to help you find the deals, as well as wholesalers.  You need multiple lending sources and banks for refi's.  Good contractors to get the work done properly.  Find a good tenant placement person, and/or property manager when the time is right. It takes time to build, Rome was not built in a day, so just keep on keeping on.  As long as the numbers work...don't overpay like many investors today.  The other key part of the puzzle is the right systems in place to help you more easily manage the entire process.  Are you only interested in S. Baltimore? Reach out to me if you need some referral sources for any of the above.