Baltimorian Here...

[Erin Swann]

Hello Guys!

My name Erin and I heard about this site from a friend.  I've been toying with the idea of getting into the real estate business for years now.  I can honestly say I've never been more ready...

I'm very interested in buying a property in a low income neighborhood, fixing it up and renting to section 8.  If there are any good threads you can suggest to me, I would greatly appreciate it. 

I also want to thank this site in advance for the wealth of information that i'm sure to soon learn!

[George F.]

If I had to guess Id say Seth is  having a bad day.  Here is something he wrote just 2 weeks ago

"Baltimore is a great city for buy and hold landlords I own many rentals, manage them myself, continue to acquire, and I'm speaking of the lower income urban areas. I find lower income properties present many pluses. 1. cheap acquisition 2. low amenities 3. multitude of willing and easy to replace tenants. If one can be at ease with the negatives, specifically 1. rent court/evictions 2. maintenance 3 chasing rent money...(you'll usually get it but rarely on time) land lording can be quite profitable. the city is definitely block by block and have to know each area intimately as well as construction to succeed doing this, a lesson learned the hard way."

Id agree with the above assessment of Baltimore.  However, although I do like to be involved with my properties I have managers as a buffer to handle day to day issues and headaches.  For me if you want to grow you have to be an investor and not an hands on landlord.   Doesn't to take long to burn out.   Especially if your properties are management intensive.