Where exactly in Baltimore is highly recommended for buy and hold properties?

[Account Closed]

Hello everyone- I have been thinking about starting some buy and hold properties in Baltimore shortly. However, I am not really familiar with the areas in Baltimore. All I know is about the Westport Waterfront development plans and unfortunately, the developer, Patrick Turner, who owns a huge land there is currently trying to save from foreclosure. Anyway, as we all know, there are too many bad areas in Baltimore so I am trying to get a sense of which areas in Baltimore are highly recommended based on higher % of good neighborhoods and its future development in the area that increases better convenience for residents. I am looking to purchase fully renovated single family or multi-family homes approx at 50-70k. Does anyone know? Thanks for reading this and I hope to receive some responses from investors that know the Baltimore area well. Arthur

[Carl Simon]

Hi Arthur,
In my experience living and looking at RE here in Baltimore you will need to invest more than $50-70k to get in the good areas areas, unless that is your down payment. For the ones that I am familiar with the most desirable neighborhoods are federal hill, canton, fells point, locust point. There fully renovated row homes go for $200k+. Homes rent quick in all these with quality tenants. Next tier would be Highlandtown, station north, Paterson. 150k there probably. There are other neighborhoods such as Hamilton which is growing, and Roland park which is very very nice. The story of the city is block by block with each neighborhood a micro culture. I would be careful and become familiar and comfortable with the area before you buy.