Baltimore buy and hold market.

[Alan Charles]

I am encouraged to research further into the Baltimore buy and hold rental market due to the rent to value numbers. My intention is to buy and hold a stack of SFH's in a good cash flow area. It appears from my initial research that its possible to find tenants that stick around for a year or more in a C area in Baltimore and still achieve 20% net cash on cash? If not in Baltimore can anyone beat the numbers in any other areas where this is conceivable?Regards Alan

[Nicole A.]

There's some good, cheap properties in Baltimore County, @Andy Gross . I'm not very familiar with the City itself, but I do know that things can change quality-wise block to block.

I have bought duplexes in Dundalk all for around $72-$80somethingK each. There's some single family homes that are gems too.

I like the area...sometimes it's tough to find a good tenant if you're screening properly. So you have to be willing/comfortable to wait for that right applicant (they will come). I've had people with recent evictions--not at least 3X amount of rent in income per month--not able to come up with 1st month's rent and deposit to move in--a family of 7 people wanting to live in a 2 bedroom apartment....screen, screen, screen, no matter where you invest.