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Updated about 9 years ago,
New member, living in Boston, investing in Baltimore
Hello all.
I'm new here, but I'm not an entirely new investor.
I did the "house hack" of owning a property with an FHA loan and rented out the basement to help pay the mortgage on a property in Maryland. This was back in 2006. After the housing crash, my long time tenants moved out and I was moving off to grad school, and I could not sell my house (I was way underwater on the mortgage), so I ended up renting it out.
I only recently got above water on that house, and it is not the best investment property, but I'm keeping it for now since it is finally generating a positive cash flow.
I've recently come into a lot more money (self-employed), and am now in a position to buy even more properties, but I want to do it right this time. So, here I am
I moved to Boston for grad school and I love it up here, but I feel the market in Baltimore is a lot better for what I want to accomplish (buy and hold, mainly), and I know the market better (in addition to already having a management company in place).
Anyway, hi. Nice to meet you all.