All Forum Posts by: Eric G.

Welcome @Bob Mills

I'm a newer investor also from bmore. I'm currently in a house hacking situation with a property I purchased in 2017.  I'm now back on the market to purchase another property. I work full time in law enforcement (city) so I like to follow the crime trends and up and coming neighborhoods. I'm sure you will be able to meet some great investors through this forum.

Best of luck,

Eric

Welcome Nick! 

I'm 25 and currently living in the Bmore area. I would say we are probably some of the younger investors on this forum. The best advice I feel that I can give you is to find out what your entry point into REI might be. For example, I decided to target a two family home with a VA loan. I am currently house hacking and live for free. That gave me time to save up a lot of cash and now I am back on the market to look for another one (conventional this time). Others entry points could be the BRRRR method, or even buying a house and simply renting rooms to get started as a landlord. Regardless, once you find a solid foundation, it may create a more flexible situation for you to make your "next move". Best of luck

-Eric 

 lol uh, if there is one place in America where you probably need to defend yourself with a CCW, it's probably Baltimore. I respect the personal preference though. 

Hello @Eric Masi

I have a friend (attorney) who has been really good with these type of things. He specializes in 50+ units but hes been doing Baltimore City zoning for a little while now and knows his stuff. I can pass along his information if you want to reach out. Send me a PM.

-Eric

 Care to drop a name or two from decent lenders you've had good experiences with? I'm always looking to reach out to potential lenders.

-Eric

Welcome @Reut Eitan

            It really depends what you're looking for. Are you going to occupy this property for a period of time before renting? Are you looking for an up and coming neighborhood for appreciation, or are you strictly looking for cash flow? Do you want to be near the bars/day-night life, or would you rather be in a quiet neighborhood? Baltimore can offer it all, it just depends on what your strategy is.

            Canton happens to be my favorite neighborhood due to its close proximity to 95, major shopping outlets, the water, and overall positive vibe of the Community. Canton will ALWAYS rent. I repeat, CANTON, WILL, ALWAYS RENT. At times, I have seen people pay more for a bedroom than they should just because "inventory" is low. However, parking is an nightmare and its harder to get a deal and or good entry price point.

            Highlandtown has a lot of movement right now. If you're closer to the Patterson Park side you can get more in rental prices. Honestly, some parts of Highlandtown can't even be differentiated from "Patterson Park". Crime is still a huge problem as you get close to Orleans st. I personally wouldn't touch anything on the "400" block from Rose to Highland (just my opinion though).

             I lived in Federal Hill when I first moved to Baltimore. "Fed" is more of a younger crowd (at least in my experience), but it was nice to be close to Camden Yards (and the Harbor). I feel like the houses are a bit smaller than Canton but the rental prices are still up to par with the nicest neighborhoods in Baltimore. Crime is really low. 

This is all South Baltimore, there are a ton of great neighborhoods to live in Northern Baltimore as well. It really just depends on what you're looking for. 

-Eric

Hello, @Paul Georgia

       In my experience, Westport can be kinda tricky. As far as cash flow, i'm not 100% sure because I don't know what your numbers look like. As far as appreciation on your property, i'm not too confident about Westport. The City (along with Under Armour) has had "plans" to revitalize and put a lot of money into it but it never ends up happening. I still think there's a chance UA might come through (which could mean high property value appreciations) but I don't think it would be anytime soon. I personally wouldn't target Westport but im sure there are people who might.

-Eric

@Edward Howell, V

Congrats man, let me know how it goes. Be sure to add pictures and input advice based on your experiences along the way.

-Eric

I 100% "Co-Sign" on Jeff Stoller from Goodwhich Stoller. He was originally recommended by @Ned Carey when I first joined this site. I used him this year and absolutely crushed it, Thanks Ned!

It really depends on what you're looking to do. Section 8, College areas, traditional market rent(s) in more prominent areas? If you can narrow that down I can give you some insight based on my experience.

-Eric