Hagerstown MD information

[Lewis Christman]

I recently saw some properties in Hagerstown that looked interesting as a starting point. Can anyone provide input as to the town and market there?  I would be interested in connecting with a well versed agent.  Who knows. PS. these properties were down town if that helps to narrow the area.

[Benjamin Seibert]

@Lewis Christman Hagerstown, MD is a good market to invest in with solid rents and low starting price point. A couple things to watch though:

-The market is super dry right now. Since Hagerstown is a small market if there is any there are only so many properties so if a dry spell occurs, then not many deals are being done.

-It is good to know this area well. Downtown is attractive with solid prices but you need to watch out for certain streets. Hagerstown does have D/F properties (just like almost any other market). They're harder to spot thought because Hagerstown has a large C/D class grouping of properties. It's good to know street by street which ones should be avoided.

To answer the last question - MD is about in the middle with investor friendliness. Hagerstown is about the same - some policies will nickel and dime you or create a lot of headache (I would put it slightly more on the tenant friendly than investor friendly). However, if you keep a solid property and understand the policies then it can be a workable environment.