Investing in Sandtown-Winchester, Baltimore City
To all my Baltimore investors, would you invest in the Sandtown Winchester neighborhood in Baltimore City?
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@Account Closed
Sounds good. The deal with auctions is you do not know what is on the inside. I went into a property recently on Woodbrook Ave (some consider Parkview) and it was decent on the outside, but on the inside all plumbing was gone, electrical cut, furnace gone, etc. So needless to say no deal. 10-15 will get you cosmetics and maybe a little more, but you do not want major items to fall under that either. Are you planning retail renting or Section 8? A 3 bed voucher can get you 1300+ depending, you can check HUD's site for numbers or call the housing office. I have not had major issues with communicating with the city or getting things done with the properties I deal with.