Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
9y
@Kal Pathak I see t his is your fist post so welcome to BP
Well that in part depends on what you want. Are you looking for strictly cash flow - Then Baltimore city is the way to go. Are you looking for appreciation or maybe a combination of some cash flow and some appreciation?
In general there are good deals to be had everywhere. Most areas of median home prices or less tend to make good rental areas. How far you go below the median depends on what you are looking for. I think $75K to $150K neighborhoods in Baltimore city or Baltimore county are good bets for me.
Investor · Baltimore, MD · Member since 2015 · 123 posts · 38 votes
9y
There are multiple ways about going finding your next rental. Kind of Hard to tell by the brief info you announced. However one great way would be to Find a area you know really well. Call a few investor friendly agents, drive for dollars, call a few brokers and there are many more just to name a few. But Good Luck! I hope you land something. Stick with it. Also you could attend a few local REIA networking events.
Real Estate Agent · Tarrytown, NY · Member since 2016 · 149 posts · 63 votes
9y
Looking to do the same in Baltimore. 100k-150k range. Solid rental area. Fix up and sell for profit in the future.
Biggest issue in Baltimore is it's a very competitive flip market, but plenty of rentals available. Since I'm just starting out I think its possible to find a deal with margins that work for me, but may be too small for the bigger guys.
You don't need a specialist, just have to do ALOT of research. May be worth it to you to pay someone to research for you.
Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
9y
@Kal Pathak I see t his is your fist post so welcome to BP
Well that in part depends on what you want. Are you looking for strictly cash flow - Then Baltimore city is the way to go. Are you looking for appreciation or maybe a combination of some cash flow and some appreciation?
In general there are good deals to be had everywhere. Most areas of median home prices or less tend to make good rental areas. How far you go below the median depends on what you are looking for. I think $75K to $150K neighborhoods in Baltimore city or Baltimore county are good bets for me.
Real Estate Entrepreneur · Mid West, East Coast · Member since 2015 · 3k+ posts · 1k+ votes
9y
@Kal Pathak Welcome to BP!!! your question is a bit general so I don't want to speculate. Add more details on what your seeking input on and maybe I can offer my two cents.
Real Estate Agent · Tarrytown, NY · Member since 2016 · 149 posts · 63 votes
9y
@Abena Sidibe Hey Abena, no I am not. I have a friend that is an agent there that sends me props from mls, and my cousin lives down there so he helps give some insight.
Rental Property Investor · Baltimore, MD · Member since 2016 · 153 posts · 158 votes
9y
Originally posted by @Account Closed:
There are multiple ways about going finding your next rental. Kind of Hard to tell by the brief info you announced. However one great way would be to Find a area you know really well. Call a few investor friendly agents, drive for dollars, call a few brokers and there are many more just to name a few. But Good Luck! I hope you land something. Stick with it. Also you could attend a few local REIA networking events.
Hi Dwayne, I'm a Baltimore local interested in attending some REIA events. Can you suggest which ones are out there and which ones you'd recommend? Currently in the market for an investment property, but like the OP, still trying to learn enough so I can attempt to make a good purchase.