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Updated over 4 years ago on . Most recent reply

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5
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2
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P Marie Warren
  • Rental Property Investor
  • Baltimore, MD
2
Votes |
5
Posts

Baltimore Rehab Programs

P Marie Warren
  • Rental Property Investor
  • Baltimore, MD
Posted

Hello All,

I'm a newbie to REI, however I've dived in head first with Baltimore real estate opportunities...I've been reading and researching and making valuable connections...

I wonder if anyone has the scoop on what neighborhoods or programs are available to rehab and then the city will buy your home back once a certain amount of rehabilitation is done in the home

example: Buy home in certain area for 60k

               add at least 30k of repairs then the city will buy the home back from you for 150k

Most Popular Reply

User Stats

155
Posts
166
Votes
Alan C.
  • Investor
  • Baltimore, MD
166
Votes |
155
Posts
Alan C.
  • Investor
  • Baltimore, MD
Replied

As has been said, Baltimore is not buying any rehabbed homes in the city. There are programs to help buyers and Johns Hopkins has a "live near where you work" program that helps to underwrite purchase and closing costs. 

I’m a full-time wholesaler in the Baltimore-DC area and president of MAREIA, a local investor association. Feel free to contact me about the Baltimore market.

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