Investment Opportunity Baltimore

[Aamir Young]

I am researching a multi-unit property in Baltimore with great potential. However, some red flags caught my attention. First, the asking price is average in the area, but the seller's rent roll states that they are renting undervalue and not maximizing the building and surrounding area. Therefore, I would have to raise the rent and "risk" tenants moving out or get tenants to move in. However, my realtor advised me that finding tenants wouldn't be a problem based on today's market. I would like to have some input on which way to proceed.

[Ozzy Sirimsi]

I dont know where the house is in Baltimore,and condition of the units but finding a tenant is  not an issue in Baltimore as long as location and condition are fine.

I just rented 3 houses this week alone, not sure what your agent is talking about.

However, evicting a tenant would be an issue, Baltimore city is not giving court dates for FPR cases, you can do a tenant holdover and will be 3-4 months.

It might still worth it based on your purchase price price, and potential rent increase.