Baltimore City Fix and Flips

[Patricia Redsicker]

My husband and I have other property investments but recently, we established an LLC to start doing fix and flips in Baltimore City/County/surrounding areas. Baltimore City has a massive vacant housing crisis (no surprise there!). However, the City initiated the "Buy Into Baltimore" open bid program (which we're interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it's tough to know where to start. Our goal is to help tackle this crisis by rehabilitating one unit/block at a time. Has anyone looked into this issue? How did you start? How did you decide which neighborhood/street/zip code to start with? What was your approach? Appreciate all your feedback.

[Jack Seiden]

Quote from @Patricia Redsicker:

My husband and I have other property investments but recently, we established an LLC to start doing fix and flips in Baltimore City/County/surrounding areas. Baltimore City has a massive vacant housing crisis (no surprise there!). However, the City initiated the "Buy Into Baltimore" open bid program (which we're interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it's tough to know where to start. Our goal is to help tackle this crisis by rehabilitating one unit/block at a time. Has anyone looked into this issue? How did you start? How did you decide which neighborhood/street/zip code to start with? What was your approach? Appreciate all your feedback.

The vast, vast majority of properties in Baltimore city, especially city properties cost more to rehab than they are worth, effectively totaling the properties, it’s great that you want to help fix up Baltimore but you’d be better spent working with habitat for humanity or something as opposed to flipping in Baltimore, especially in the cheapest areas.