Newbie from DC - Building SFR investment team in Baltimore

Investor · Washington, DC · Member since 2016 · 2 posts · 1 vote

Good day folks!

My name is Fred. I'm a commercial real estate professional in Washington DC but recently started a Single Family Rental (SFR) investment company and am looking to get into SFR investment in Baltimore. I'm working on a few acquisition opportunities but actively seeking to build my team of investors, property managers and contractors in Baltimore. I'm interested in term mezz investment for cashflowing portfolios of SFR properties (5+ Units per acquisition), contractors with experience with affordable rowhome rehab and property managers with SFR experience.

Looking forward to learning with you guys!!! Cheers.

-Fred

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Richard Bailey

Real Estate Agent · Prince George's County, MD · Member since 2016 · 109 posts · 40 votes

10y

Hi Fred I hope all is going well. We have spoken in the past through our mutual friend Kiyon. I have been spending time in Baltimore to get a clear understanding of the current opportunities that exist as the interest by DC developers been steadily increasing. Given the lack of inventory in neighborhoods like Petworth,and Columbia Heights, south Baltimore (SOBE) has now become sexy. There are a couple of key neighborhoods that are primed to appreciate in value, and the reasons are tangible and evident. Furthermore, there are new city and state initiatives that are committed to bettering the landscape in historically underserved communities. I'm easy to reach. Let's talk soon.

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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
10y
Welcome to BP Fred. There are many people from the Baltimore area here on BP. You may want to consider heading out to the BWI meetup sometime to help build your network.
[email protected]301-893-4635 Podcast Guest on Show #192
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Richard Bailey
Real Estate Agent · Prince George's County, MD · Member since 2016 · 109 posts · 40 votes
10y
Hi Fred I hope all is going well. We have spoken in the past through our mutual friend Kiyon. I have been spending time in Baltimore to get a clear understanding of the current opportunities that exist as the interest by DC developers been steadily increasing. Given the lack of inventory in neighborhoods like Petworth,and Columbia Heights, south Baltimore (SOBE) has now become sexy. There are a couple of key neighborhoods that are primed to appreciate in value, and the reasons are tangible and evident. Furthermore, there are new city and state initiatives that are committed to bettering the landscape in historically underserved communities. I'm easy to reach. Let's talk soon.
1 Reply
Jill DeWitPro Member
Investor · Scottsdale AZ · Member since 2015 · 1k+ posts · 423 votes
10y
Hi @Fred Greene and good day to you too! Welcome to Bigger Pockets and the BP community. BP is a great place for real estate investing information. BP has free courses and guides to help you further understand the real estate business. BP is also great when it comes to networking with other real estate investors and sharing thoughts and opinions on real estate. You have most certainly come to the right place!
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Paul Timmins
Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
10y
@Fred Greene
To build your team go to IREM.org search for ARM certified property managers. Call 5 ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.
You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.
Paul
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Fred Greene
OP
Investor · Washington, DC · Member since 2016 · 2 posts · 1 vote
10y
Great information everyone! I greatly appreciate the feedback! I'll keep you guys posted on my progress.
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Ned CareyPro Member
Moderator
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
10y
Welcome to BP @Fred Greene. Lots of Baltimore investors that are here on BP also go the the BWI Meetup. It is a great place to make in person connections.
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Jasmine Coley
Realtor · Baltimore, MD · Member since 2018 · 21 posts · 1 vote
3y
@Fred Greene
Hello hope all is well I am interested in helping(realtor) and my husband is looking for the same thing maybe we can join the team ! Let’s connect!
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Jasmine Coley
Realtor · Baltimore, MD · Member since 2018 · 21 posts · 1 vote
3y
@Ned Carey hello where can I find the bwi meet up’s ?
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Ned CareyPro Member
Moderator
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
3y
Quote from @Jasmine Coley:

@Ned Carey hello where can I find the bwi meet up’s ?
Just google them and they should show up. I believe they may still be doing virtual meetings. Two other clubs in the area are MAREIA and the Baltimore REIA.
I just got an email from the Baltimore REIA that they are just now going back to having live meetings.
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