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Updated almost 10 years ago,
Belair Edison neighborhood, Baltimore MD
Hello friends,
I'm doing a 180-degree turnabout today and asking if anyone would please talk about their experience in the Belair Edison area of Baltimore City. I know a few buy and hold investors who do well in the area, but am trying to determine on behalf of a client, a first-time rehabber, if we have enough owner-occupants buying there to make a low-cost start-out rehab tenable. I do not want to steer anyone in the wrong direction, and in this case the numbers I'm seeing simply are not clear enough to help me judge.
I have often said, here and elsewhere, that there are no good or bad neighborhoods but only good or bad deals, depending on your investment goals, and I stand by that. But there are nuances that the numbers don't capture this time. Would appreciate hearing about your particular experience if you have done successful rehabs in Belair/Edison--or unsuccessful rehabs, or decided against going in that direction in that area.
Many thanks,
Nancy Roth