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Updated over 1 year ago on . Most recent reply

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23
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6
Votes
Brad Fallon
6
Votes |
23
Posts

Renting by the Room in Baltimore?

Brad Fallon
Posted

Hey BP, 

I'm planning to start investing in the Spring by house-hacking in Baltimore. In running my numbers with different scenarios, renting out a property by room once I've moved on consistently yields the highest return. Although, the property managers, agents, and other investors that I;ve spoken to who are active in this area say that they have not often seen that. My questions are:

1) Has anyone seen/had success by renting a property by the room in A grade Baltimore neighborhoods? (Canton, Fells, Upper Fells, Fed Hill, Butchers Hill, etc)

2) Does anyone see any major reason to avoid renting by the room in these areas? 

Thank you and Merry Christmas! 

Brad

Most Popular Reply

User Stats

10
Posts
9
Votes
Conor Casey
  • Investor
  • Baltimore, MD
9
Votes |
10
Posts
Conor Casey
  • Investor
  • Baltimore, MD
Replied

I currently house hack in canton. I found a FSBO 2 years ago and did a full gut rehab, my first project I barley got through, but have a great house now! My girlfriend and I live for free and get 800 per room renting to friends. It's a 4 bed 3 bath almost 2000 finished sq ft with a roof deck and parking pad.

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