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Updated about 4 years ago,
Looking to purchase my first investment property in Baltimore
I am a 31-year-old first time home buyer/investor looking to get involved in the Baltimore area real estate market. There are a million vacant properties and properties that are very cheap but I am not sure if this would be the right road to go down as there would be a good amount of renovations and repairs to the home. Another issue I have with this is would a renter want to live in an area where there are many other abandoned homes nearby.
I do not have a ton of money to invest in or the best credit score but I am very motivated to become successful in this industry. I was always told that owning property is the key to becoming wealthy. What are my options to get my foot in the door to buy my first investment property? I would definitely consider living in the home and renting the other rooms out to keep my costs down and save money.
Does anyone have any advice or know anyone in the Baltimore area that I could connect with to make this happen? I would really appreciate anything that you can do to help me out on my journey to owning my first property.
Regards,
William W.