All Forum Posts by: Antonio Lulli

Maybe you guys should start an ADU meetup!

LA and other expensive markets are not cash flow markets. In real estate, you almost have to pick between high appreciation and cash-flow (unless you find an extraordinary deal or "make the deal" yourself through hard work and creativity, as mentioned above). Likewise, there is virtually zero appreciation in high cash flow markets like the Midwest.

Personally, I do all my cash flow investing out of state (Baltimore, MD)

@Joe Homs thanks for sharing!

The best way to get started may be to look for active wholesalers in the area and offer to shadow them or be of service to them in some way. That way you can learn the trade from someone who understands it (without having to re-invent the wheel), while at the same time leaving your own finances out of it. I tried my hand at listing agent/wholesaler strategy but didn't treat it like a full time occupation, which it is if you plan to have any success. If you are going to work at it full time, why not have someone teach it to you while still earning some money.

Hope that helps!

I understand where they are coming from and the politics behind it. There are many rental units in the city that are not up the standard of habitability and fly under the radar. Ultimately, they are punishing decent landlords because of the neglect of a few slumlord types. I just hope that they take a reasonable approach to enforcement. If not, we could see a major shock in the rental market.

Barclay is a microcosm of Baltimore City. It is possibly the most block by block neighborhood I know. For that reason, it really depends on what street/block you are on - the price differences can be pretty dramatic. I actually own a property there (2100 block of Barclay St) and a good friend of mine owns a house there as well (300 block of E 22nd St). Even those two properties are only about a block away from each other, they almost seem like different neighborhoods. 

As you can guess from my owning property there, I like the area quite a bit. The more challenged parts (to the east) are solid cash flow areas that seem to be in the path of progress (new apartment buildings, city-built homes, Penn station redevelopment, etc). Long story short, I encourage you to consider that area and also be aware that comps are very difficult there so make sure the numbers make sense.

Hope that helps!

I agree with most of what has been said in this post. I have been having some trouble getting some of my units rented recently, particularly MF units. I now chose to focus on SFRs with forced appreciation opportunity. I have invested in different parts of the city (Belair-Edison/21213, Morrell Park/21230, Barclay/21218, Upton/21217) and have not yet nailed down my #1 target area, and am seeing the benefits of investing in 100k+ neighborhoods.

Hello everyone,

I am a real estate investor focused on buy-and-hold and recently moved to California. My properties are in Baltimore and I plan to continue investing there due my knowledge of the market and extensive connections. My plan is to supplement that with a business focused in helping local people in California get access to the great rental market in Baltimore, either through direct ownership or debt. Does anyone have any experience doing this, or have any ideas or insights? Would be happy to take anyone out to lunch!

@Antoine Martel is your meetup on meetup.com? If so what is it called.

@Tony Nguyen a bit late to the party and would really appreciate a copy of the pitch book if the offer still stands!

Thanks in advance.