Baltimore flips

[Raymond Odemns]

I live in the dc, md, va, area which is a little expensive. The baltimore area is the cheapest market in the area that I know of. Is this a good investment market for flips or buy and hold.

[Account Closed]

As a Baltimore native and investor I know exactly what you are talking about. When I started 15 years ago I told my agent that I think Res. Hill is going to blow up. His response- "They were saying that 20 years ago and not much has happened." Well, 15 years later... and that is still pretty much true. Pigtown. Now that is some funny stuff. The name was changed 10 years ago because it is hard to sell a 250k house in a place called pigtown. So, they renamed it to Washington Village. After the crash- it went back to Pigtown! lol.  Pigtown will never turn into a Fed Hill or Canton without a night life- the legal kind that is! Yes, Dundalk is hot. Many of my friends are buying there. I think that the area from Dundalk to Greektown is a good bet if you can get in at the right price. Same with Belair-Edison out to Overlea. Yes. the NW part of the city that you mentioned is strong for flipping right now. I also have several friends that are rehabbing some of the large, and once beautiful homes out there and doing well. There are also many other areas of the city to invest in-  but it really depends on your goals. If you want good cash flow or something to brag about. They aren't usually the same thing. You can buy a house in Hampden for 180k and rent it for 1600 or you can buy 3 houses in Mill Hill and get 3300. The investor in Hampden will brag and the investor in Mill Hill will go on a nice vacation. (The first houses that I bought were in Hampden and the last ones that I bought were in Mill Hill)

As far as good deals go. They are all over the place. I could probably find one every day if I put the work into it. Get on every wholesalers list  All of them. Most of them aren't very experienced, but sometimes they will find a diamond in the rough. Have an agent set you up with an auto-search. Send out postcards of your own. Go to meetings and establish relationships. (on of the most effective ways) and- walk around the neighborhood that you want to invest in and talk to everyone. While you are doing that look for notices on doors, etc. I have found many many deals like that.

Mark