Realtor · Boonsboro, MD · Member since 2017 · 26 posts · 8 votes
Canton ( Has this ship sailed already?)
Hampden
Patterson Park
Upper Fells Point
Belair-Edison
Frankford
Riverside
Highlandtown
Washington Village/Pigtown
This could be either buy and hold, or fix up live in it for a while refinance move on or even a straight fix and flip. What are the oppurtunities of AirBnb in Baltimore also?
There's a lot of opportunity in Highlandtown right now. They have a nice business district and prices are more affordable than nearby Canton. That whole stretch from Fells to Highlandtown has really grown in the last decade.
Of course lots of people have. The only one I have invested in is Belair Edison and Patterson Park before the crash. That is because I do rentals not flips. Those areas tend to be on the high side for rentals.
Most of those areas are very competitive because they are known at hot areas. The competition can make margins tight on flips. However if you can find a good deal it will be an easy flip to sell.
@Adam Walter Hey Adam, it all depends on what your strategy is. There are opportunities; however, try to tied the opportunities to your strategy, personality, risk levels (conservative/aggressive) and/or even you equity stack.
Basically, my point is you should ensure that you lay out your plan ahead of time so that when you come across a deal in the area YOU have targeted all the dots should connect.
Thanks @Ned Carey definitely food for thought, I think once I finally fly out to the states and get a feel for Baltimore I can get a better picture.
@Ola Dantis It makes complete sense thanks for the response! This is what I am trying to do right now to some degree, trying to think of the best approach for me personally I think a relative conservative first buy for sure, although do not want to be one of those guys who never pulls the trigger either! I probably have a few more hurdles to jump through being a foreign citizen, so I will be looking at a portfolio loan or even a partnership.
There's a lot of opportunity in Highlandtown right now. They have a nice business district and prices are more affordable than nearby Canton. That whole stretch from Fells to Highlandtown has really grown in the last decade.
@Mark Moyer Thanks for the heads up! Good insight! I hear alot of how diverse Baltimore can be from block to block so once I am in the states a few trips to Baltimore will be on the agenda!
Going to take a look at Fredrick also, and may even turn to the dark side and check out PA. Trends are hard to keep up with when you're not in the country!
@Adam Walter great question. No question is too dumb because you'll have newbies like me coming by to read all of the answers! Good luck to you. If you ever want to chat to just vent about being a newbie, I'm here to talk haha.