New Investor in the Baltimore area!

New Investor in the Baltimore area!

Amanda BrezinaPro Member
Baltimore, MD · Member since 2020 · 14 posts · 13 votes

Hello fellow BiggerPocket'ers!

First off, thank you so much for sharing your knowledge on these forms! In a short period of time, I've learned so much and am much more confident to stat my real estate adventure!

I have been through the buying process twice - first with my house that's now a rental in Arlington, VA and now the home I live in, near Columbia, Maryland. Since buying these homes, I've had a fascination with following the real estate market to watch the trends over the years, so when some friend introduced me to the BRRRR method, it caught my eyes and gave me a way to pursue real estate further.

My initial plan is to buy 3-5 rental properties in the next four years. My husband retires from the Army then and we plan to travel the world in our Jeep. We'll have his pension, but we'd love another form of income so that we can fully experience the world as we travel through it!

To accomplish this, I'm just starting to build my team! Currently I have a realtor and property management company that my friends recommended, but am in search of contractors, or anyone else that would be helpful in this journey, in the Baltimore area. In addition to that, I look forward to continuing to learn form you all through your experiences and incredible knowledge. 

Feel free to share any and all information, whether it's related to Baltimore or not. I'd love your recommendations! Thank you in advance!

2Reply
50 views

Most Popular Reply

Member since 2020 · 80 posts · 66 votes
5y

@Amanda Brezina

Welcome to BP. It sounds like you've gotten a good start doing your research!

If you're looking to invest in Baltimore city, I'd say definitely make sure you know the neighborhood. This has been said many times, but Baltimore is really block by block. This goes not just for when you're buying, but also when running comps for your ARV. You sometimes can't even look at one or two blocks over because it'll be a completely different ARV than the block your property is on.

Good luck on your journey. I'm excited to hear about your progress. 

See this reply in the discussion

7 Replies

Jump to latestLatest
  • Member since 2020 · 80 posts · 66 votes
    5y

    @Amanda Brezina

    Welcome to BP. It sounds like you've gotten a good start doing your research!

    If you're looking to invest in Baltimore city, I'd say definitely make sure you know the neighborhood. This has been said many times, but Baltimore is really block by block. This goes not just for when you're buying, but also when running comps for your ARV. You sometimes can't even look at one or two blocks over because it'll be a completely different ARV than the block your property is on.

    Good luck on your journey. I'm excited to hear about your progress. 

  • Specialist · Baltimore, MD · Member since 2017 · 418 posts · 126 votes
    5y

    @Amanda Brezina I definitely try and be helpful with insurance. I feel like I am taking to many more ex or soon to be ex-military investors these days.

    Also, always glad to let people tap into my network of lenders, handymen, etc.

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    5y

    Welcome to BiggerPockets Amanda and best of luck investing!

  • Rental Property Investor · Baltimore, MD · Member since 2018 · 107 posts · 129 votes
    5y

    @Amanda Brezina. I have similar goals of doing 2-3 deals per year. I'm currently working on my second rental. I posted about my first deal here

    https://www.biggerpockets.com/forums/850/topics/861566-my-first-baltimore-buy-and-hold-investment?page=1

    Baltimore can be a great cashflow market, but also can be rough on a new investor. I'd recommend joining the Facebook group, 'Maryland Investors Network'. Lots of solid tips and recommendations.

  • Amanda BrezinaPro Member
    OP
    Baltimore, MD · Member since 2020 · 14 posts · 13 votes
    5y

    Thank you @Gayle Melnick, I appreciate the advice! I've heard about that with Baltimore, which is part of the reason why I'm open to investing in it, because I'm close enough that I can do the drive by to see if it's an area I'd feel safe it. I appreciate the insight!

    @Ben Guttman, thank you! I will keep in touch and may take you up on the referrals!

    Thank you for the welcome, @Andrew Syrios!

    @Stephen Predmore, thank you for the advice! I'm looking up the group now and reading through your post. I really apreciate the insight and best of luck! Happy to have someone in a similar boat as

  • Ozzy SirimsiBusiness Member
    Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
    5y

    Welcome to BP and may be in Baltimore!!!

    There are many Baltimore investors here, definitely connect and don't hesitate to ask questions.

  • Amanda BrezinaPro Member
    OP
    Baltimore, MD · Member since 2020 · 14 posts · 13 votes
    5y

    Thanks so much for the welcome, @Ozzy Sirimsi! Great to see another Baltimore'ian on the forum! I appreciate the offer for advice. I'm sure I'll be in touch! Thanks

Join the conversationCreate a free account to reply, vote on answers and follow this thread.