Multifamily Investments in Maryland and Baltimore

[John Paniagua]

Hi Fellow BP!

I am new to BP and looking to invest in multifamily properties in Baltimore/Maryland. I have reviewed online several on-market properties in Baltimore (near John Hopkins University) and outskirts. I ran back-of-envelope numbers on the COC and IRR for those properties (one was a many-contiguous row homes) and found the numbers attractive. Is Baltimore and Maryland attractive for multifamily investments? I read the economic reports for the 2020 outlook and they do not read promising. However, I am not familiar with the area and there must be other risks/drawbacks to account for this. Has anyone successfully invested in multifamily properties in Baltimore and Maryland in general (except near DC area)?

I am grateful for your input and feedback!