Where in Maryland are the best flip deals found on the MLS?

[Mike Anders]

Hello all,

I've recently done a complete gut, basement dig out, and rebuild to an old townhouse built in the 1800's in Baltimore City. The process was extremely hands on and draining and there is so much competition to find these shells in Federal Hill, Fells, and Canton that you barely stand a chance when anything worth doing hits the market. To give an example, I looked at a property the first day that it hit the MLS and when I went to make an offer I was told not to bother because there were 16 other cash offers made as well. I made an okay profit on the deal but there must me an easier way.

Now that you've heard my sob story (sorry), I am looking to invest in an area where I can purchase something in the 100k-200k range, Invest 20k-50k on improvements without adding on any extensions or doing any major structural work, and make a minimum profit of 40k. I have the cash to do this but I want to look outside the city to an area where there are deals to be found on the MLS that still leave enough "meat on the bone" to flip without basically building a brand new house as I did on my first deal.

I live downtown and work in Laurel so something in that vicinity would be ideal. If anyone has any recommendations on where to invest where my numbers would work, that would be a huge help. An experienced investor friendly agent in any of those markets would also be helpful. Thanks in advance and look forward to hearing from everyone!