First, most mortgage holders, banks in particular appraise the properties they are foreclosing on prior to Sherrif sale so that they understand the market value and dont underbid.

Not sure about the all of the areas, but those close to downtown will reap the benefits of being close to Penn station, the new restaurants on Market Street and by the Prudential Center, and the  Whole Foods, which I think is set to open next year.

If the numbers don't work out then it's simply not worth it.I feel like you are trying to find an excuse to buy that expensive airport food because you are stuck in the airport. 

Hard money folks despise second mortgages because there is no equity and because they have to negotiate with the first mortgage holder.

What do you prefer and what is the big pictures... just food for thoughts to consider before taking your decision...But first, the numbers, researches of the market now and compare many deals.... can analyze 8 deals in 2 minutes when you get your numbers straights, ROI, DSCR, cap rate, etc + graphics... for both buy and hold and fix and flips... 

It is my understanding that MetLife Home Loans is no longer in business so we would like to find the current mortgage holder.

Also, we had some open and candid talks with the 2nd mortgage holder and negotiated a $10k discount. 

It's a great location for commercial suites, CVS, or fast food restaurant.

Talk is cheap - look at his credentials before investing in a mentor.The problem with Washington investors coming to Baltimore - is that they pay too much because they compare DC prices with Baltimore values.Be smart about what you do and who you work with - you can look at listed real estate but your best deal is going to come from dealing directly with sellers.Also remember creative financing techniques - nothing down deals - Control and Roll System - Delayed Settlements - Hybrid offers - and don't forget owner assisted financing and make sure you always ask for a principal mortgage.Have fun - make full disclosures and make sure you understand the laws related to mortgage foreclosures - fail to do this and you may have a paid vacation to the Gray Bar Motel (a nice little room with one small window and the food is free, but the space is restricted).Remember your goal should be CASH FLOW or EQUITY - forget the emotional appeal - it is all about numbers - understand them and you'll do well in Charm City.Charles Parrish

If people don’t know that you have assets, then they are less likely to sue because there’s no use in suing people that qualify for food stamps.