Where are the Multifamilies in Maryland?

[Account Closed]

Hi BP friends,

I just got a hold of Scott Trench's new book Set for Life (Absolutely AMAZING read, by the way. If you don't have it and you're a W2 Employee like myself, get it. Please!)

Anyhow, Scott makes a great point about multi-family investing as a first-time homebuyer. I wanted to know, based on you guys' experience, where would the most opportunity lie in finding a triplex/fourplex (Preferably fourplex) in Maryland? Assume the price-point is negligible, you'd use an FHA loan to finance the purchase, and you'd be house-hacking the property. What counties in Maryland have fourplexes available for first-time homebuyers to purchase, are the best benefit and value to the buyer, and what would the rents look like in such areas?

Thanks!

[Russell Brazil]

Multifamily properties exist in only the tiniest numbers in the DC metro area. It is not a strategy you should focus too strongly on in our area. Where they do exist, Takoma Park (Very Restrictive rent control) DC neighborhoods of Anacostia, Trinidad, Deanwood (Most wont qualify for FHA financing), a few in Frederick MD, and a few in Baltimore. You might have one offs here and there, for instance one of the only examples of one in College Park just sold.