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Updated over 1 year ago on . Most recent reply
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New Member Intro
Hello, New to Bigger Pockets and am hoping to gain some knowledge about RE investing. Currently I have 2 row homes in the Middle River area, and I am thinking about buying another property. I live in the suburbs, Harford County area, but I can 't seem to find any deals in my area. The houses are just to expensive to make any money on IMO.
I wouldn't mind looking in the Essex or Dundalk area for another property, the prices are lower and the rent seems to be about the same. Would anyone like to offer me their opinion about those area, are they decent areas to invest in?
Also, what about Baltimore city? I know some "good areas" what are some average areas that might turn into a good area. What's everyone's thoughts? House are even cheaper in the city as a whole, but the taxes are a bit higher.
One more thing, I have notices some post the say things like, " that's a D area, or C" I'm assuming the A, B, C, and D are ratings for areas. Is there a map of Baltimore that has a grade by each area of the city/county.
Well, Thanks for reading and I am looking forward to learning as much as I can from everyone here.
Thanks
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Quote from @Greg Miller:
Hello, New to Bigger Pockets and am hoping to gain some knowledge about RE investing. Currently I have 2 row homes in the Middle River area, and I am thinking about buying another property. I live in the suburbs, Harford County area, but I can 't seem to find any deals in my area. The houses are just to expensive to make any money on IMO.
I wouldn't mind looking in the Essex or Dundalk area for another property, the prices are lower and the rent seems to be about the same. Would anyone like to offer me their opinion about those area, are they decent areas to invest in?
Also, what about Baltimore city? I know some "good areas" what are some average areas that might turn into a good area. What's everyone's thoughts? House are even cheaper in the city as a whole, but the taxes are a bit higher.
One more thing, I have notices some post the say things like, " that's a D area, or C" I'm assuming the A, B, C, and D are ratings for areas. Is there a map of Baltimore that has a grade by each area of the city/county.
Well, Thanks for reading and I am looking forward to learning as much as I can from everyone here.
Thanks
Welcome to BP! Im a Baltimore resident and landlord, I agree with Russell said - there are pros and cons to that lower price point but ultimately it's up to you to decide what your goals are and what risk you'll be comfortable with to get there. If its cash flow, maybe check out doing a MTR in the city (fells, canton, etc).