New investor in Baltimore, MD - looking for rental property

[Jason Dallacqua]

Hi all, 

I am a new investor looking to purchase a rental property in Baltimore, MD in the $200k area with a partner. I live roughly 30 miles away and am very familiar with the city and areas, but could definitely use some input from people who have invested in the area before. I have been looking at mostly updated places that may need some cosmetic work up front, but not an entire rehab. Any advice on specific towns to look, previous experiences, thoughts, suggestions, etc. would be greatly appreciated. 

Thanks in advance! 

[Ned Carey]

@Jason Dallacqua welcome to BP.  To follow up on what Dave Wandel said, your question is pretty general. I could spend two days writing advice and tips. But without knowing more about you, and your goals, and your experience it is tough to know what would be of value to you. 

I'll still take a shot and give you a few ideas.

• $200 might be to much for a rental property in Baltimore. A property in that price range may not cash flow.
• There is an excellent meetup group in Glen Burnie. The Anne Arundle REI meetup (google it) Dave is a regular there.
• Read here on BP and build your knowledge base so that when the right deal comes along you will recognize it.