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Updated over 7 years ago,
Baltimore City - Rental Property
I own a property in Baltimore that I purchased when the real estate market was up. After the market fell, investors who owned properties in that area allowed their properties to go into foreclosure (dropping the price of the homes way below the price I paid). I wanted to do a short sell on my property but the bank wouldn't approve it. I've rented the property but it cost me more when it's rented (because I can't find a good tenants and I haven't been successful with getting a section 8 tenant) than vacant. I think the key to turning this investment around is (1) finding a REALLY GOOD property manager (if any are reading this, please reach out to me) and getting a section 8 or some kind of subsidize person in the house. Can anyone give me some leads on what I should do next.
Thanks