All Forum Posts by: Summer Timms

@Shawn Ginder - Got it, thank you!

@Shawn Ginder - Thanks for the quick response! I was under the impression that you are in the Baltimore City RE market which is the area I'm looking at. I live on Long Island but haven't found any markets that look promising here.....

@Shawn Ginder - are those figures inclusive of closing costs and renos? Thanks.

Thank you for the informative replies! 

@Brian Pham - I will very much appreciate the "informal" input on neighborhoods when I'm a little further along, so thank you in advance for that.

@Shawn Ginder - Thanks so much for sharing your insight! I know ground rent & city inspections are a couple of "local" costs. Any others I want to keep in mind? 

I am completely new to RE investing and am doing my best to learn as much as I can. I'm very thankful for this site and individuals who have helped me to get started. I'm wondering if there are any out-of-state investors on this forum that are buying & holding in Baltimore City. I understand that being out-of-area will require use of project managers which will increase my purchase price and property managers which will add to my monthly expenses. When I run the "numbers", it doesn't look like I'll be generating much cash flow but there's a chance I'm over-estimating some costs. On the flip side, I also worry that there may be some costs involved that I haven't even considered which would further lower my cash flow. Either way, I'd be so appreciative to hear from some out-of-state investors currently buying & holding in this area. Thank you!