Buying investment prop with ground rent?

[Kevin Coleman]

Hey guys,  I’ve been considering buying a multi in Baltimore, MD and it comes with ground rent. I’d look to purchase the lease on initial acquisition, but I know very little about ground rent and how it works. Should I avoid properties with ground rent? What do I need to be aware of?

Kevin 

[Russell Brazil]

Quote from @Kevin Coleman:

Hey guys,  I’ve been considering buying a multi in Baltimore, MD and it comes with ground rent. I’d look to purchase the lease on initial acquisition, but I know very little about ground rent and how it works. Should I avoid properties with ground rent? What do I need to be aware of?

Kevin 

 Half of Baltimore has ground rent. You can redeem the ground rent, buy back the land, for a small fee at closing. It's no big deal.