Baltimore, MD vs Richmond, VA

[Robert Lee]

I'm new to real estate and considering many exit strategies for short-term/long-term investing (wholesaling, fix/flipping, buy/hold, seller financing, subject to, creative financing). Which market would you choose to start and stay in right now?

Baltimore, MD or Richmond, VA?

Any insight or guidance would be greatly appreciated! 

[Stephen Glover]

@Robert Lee @Sam Lewis @Tim Jacob  Team Richmond!!!  haha.  I don't know anything about investing in Baltimore.  What Sam and Tim are saying is true in Richmond as well, minus the heavy Federal employment, and is great advice.  Richmond in particular is heavily developing, even in the low income areas.  An exciting place to be.  If you have the right team in place and understand the area, I would guess both cities could be great places to invest.

Speaking for Richmond- there are incredible groups of welcoming and experienced investors here.  Big enough city for opportunity, but small enough to have good relationships.  Lots of potential for any type of RE investing.  One important thing to mention about RVA (maybe same in Baltimore?) is that the variance is large in some neighborhoods block to block that could change your numbers significantly, so get a team in place to guide you.  Often I have out of town investors ask about zip codes and counties.  I can provide a little help, but really need to know the street most of the time.

Keep asking questions and getting to know people and you'll be on the right track.