Baltimore City and Immediate Surroundings RE Investment

[Alex Yetayew]

Hello Everyone,

A newbie RE Investor here. I have heard a lot about RE Investment in Baltimore City and its Immediate surroundings. I see some threads that says i have to have a 100K+ property value to get refinance from banks for Baltimore City. My investment is limited to a total of 70K(Buy + Rehab) and i want to keep the property as CASHFLOW property. My goal is to generate a CASHFLOW of $300 per month and get refinance after 6 months. Can you please suggest areas in the city that i should focus to do what i am thinking? 

Also, i would love to attend RE Investor meetings that focus on Baltimore City, will you please suggest one?

thanks

Alex from Silver Spring.

[Ray Slack]

I own several rental properties in Baltimore city (Both in A/B areas i.e. Federal Hill and C/D areas Belair Edision, Biddle Street areas) and several In regular Maryland markets, like Bowie, Crofton, Severn, and Washington DC.  Being that you are both "Newbie" investors I would STRONGLY recommend not buying in the C or D neighborhoods in Baltimore City. Yes the returns are higher but they present a whole new set of challenges even for someone like me that has been doing this for 35 years.    As a new investor I would really recommend staying out of Baltimore City until you gain some experience with "Normal" rentals.