Where are you focused?

[John O.]

After listening to one of the BP podcasts, I heard someone say that you should concentrate on neighborhoods.  I personally think that this is limiting, but I wanted to see what you guys thought?  Are you investing in just a single location (say Canton), or are you spreading your purchases throughout the greater Baltimore area? What are your thoughts on this?

[Ned Carey]

I a a big believer in focus. If you dominate a neighborhood, you will be the first to know about deals and you will know values so well you will instantly know what is a deal and what isn't.

That said, I work all over the city. I focus my business in other ways but I go all over the city for the best  deals.

I would say your strategy is important to. It is probably more important for a rehab and flip investor to focus on a few neighborhoods that it is for a wholesaler, for example