Maryland - Laurel, Columbia and owings mills

[Ayaan Aha]

So am thinking to invest in a rent generating property, My investment would be in range of 80-130K a condo or townhouse. I am investing in MD because its not too far from me and I may move there someday. I realized that properties in Gaithersburg area have a very high HOA fees that is one of the reason I am considering Columbia Laurel and Owing mills. I would start investing in properties around Baltimore but not yet since I want to build a concrete base and then jump into the rehab properties.

Please let me know if you think its wise to invest in these areas Laurel, Columbia, and Owing mills and if there are any areas that i need to be careful with. Also please recommend any great realtors in those areas and mortgage lenders.

Thank you for all your support in advance.

[Stephen Chittenden]

What do you mean by be careful? If your a cash investor, Arbory Ct/Ln in Laurel has some nice cash flow opportunities because of the inability to finance. If you're looking to finance the purchases, I find that Laurel and Columbia cash flows are often hampered by condo fees that can eat up a lot of your profits, and single-family homes can be difficult to make cash flow without a large down payment due to relatively high prices compared to rents. It can be done, you just need to be selective.

We're more active in Harford and Cecil county. I don't know much about Owings Mills.