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Updated over 7 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Terry O'Brien
  • Investor
  • Bel Air, MD
1
Votes |
4
Posts

Flip in Baltimore City/County, MD for under $75,000-Which areas?

Terry O'Brien
  • Investor
  • Bel Air, MD
Posted

Hi.  I am interested in doing my first flip and need to stay at $75K or less all in.  Does anyone have any advice on which safe areas in Baltimore City or County to focus my efforts?  

Most Popular Reply

User Stats

10
Posts
9
Votes
John Fiastro
  • Investor
  • Parkville, MD
9
Votes |
10
Posts
John Fiastro
  • Investor
  • Parkville, MD
Replied

I would agree with Chuck Masters. If you are already in Harford County, I would invest there. There are several reasons for this. First, flipping from 30+ miles away can be tough if you have a full time job, especially if this your first flip. Second, Baltimore City property is older and there are a lot of costs on items that you won't encounter in newer Harford County properties, ie plumbing, electric. Replacing galvanized pipe or older electric gets really expensive real quick. I would minimize risk and look for an 80's construction home in Harford count and limit your improvements to generally cosmetic projects.

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