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Updated almost 5 years ago,
Jumping into Baltimore with both feet (buy and hold)
I am just starting out and I've been obsessed researching Baltimore for the last 6 months. I was extremely anxious to get going starting my real estate empire that I bid on multiple properties at the same time, and got them all! So now I own 3 properties, one in Pigtown, one in Parkside, and one in Frankford. I don't recommend this strategy by the way, I'm feeling very overwhelmed right now. The Pigtown one is rent-ready and on the market for 1500/mo. The other 2 are in the process of getting repairs/paint/etc and should be on the market within 4 weeks. Looking to rent them for 1200 and 1300. It's February now and my Pigtown rental is not getting much traction yet on the rental sites. What should I expect as far as rental interest goes? Right now it seems dead. Will it pick up in another month or so? I'm hoping the answer is yes, waiting around to see if anyone is interested in my rental is killing me. At what point do I start lowering the price?