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Updated over 5 years ago on . Most recent reply
Investing in Medfield/Woodberry/Hampden/Charles Village?
Looking for some advice from folks in Baltimore (I'm a bit of a newbie here). Out of these neighborhoods, which would you choose to invest in right now for buy and hold rental properties? Woodberry, Medfield, Hampden, Tuscany-Canterbury or Charles Village (proper)?
My impression (please correct me if I'm wrong): Woodberry and Medfield seem to have quite a bit of new development going on (or at least planned) so there's some good potential for growth. Hampden seems to be stagnating a bit and perhaps reached it's peak. Tuscany-Canterbury and Charles Village probably won't go up much either, but are the easiest to rent out because of proximity to JHU. Does anyone have experience with rental properties in these areas? And also if rowhomes are usually superior investments compared to condos here? Much appreciated!
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Only problem with your list is except medfield, most of the houses in Hampden, Charles Village, Woodberry are expensive for cash flow.
You will have tenants but you might have very little to none cash flow. I agree @Tim Youse, remington is up there with them, but unless you find a wholesale deal, it might not make much sense
- Ozzy Sirimsi