Looking for connections Maryland area / getting started in MD
Hello BP,
I am newer investor with a duplex and have moved to the Maryland area in the last few months for a new job opportunity. I am looking at investing in, buy and hold properties in Columbia MD area as well as the possibility of duplex, triplex options as a live in investment.
I would love to get some feed back from other investors on what areas you might suggest that I target to focus my research for buy and hold. I am new to the area and would love some pointers. I am interested in single family homes, row homes and smaller multi unit properties looking for minimum 2bd 1bath 700+SQ.
Also if there is anyone with experience buying long term hold and rent in the Baltimore area what kind of things do you watch out for when looking at buying?
If there is anyone who comes across this or knows of a investor friendly agent that could provide recommendations/MLS reports for the area that would be a big help.
As of right now I am not quire ready to buy but my goal is to buy 5 cash flow properties in the next 12 month to 18 months.
Thanks again,
Kelly
Most Popular Reply
@Kelly Bettendorf - welcome to BP. My posts usually follow Ned's... well, Ned's been involved in just about every real estate deal I've done since I started about 2 years ago so I tend to read what he posts, lol!! You can meet him, @J Scott @Tyrus Shivers @Anil Samuel and a bunch of other BPers at what I consider to be a primo meetup event in our area - the BWI Meetup. Meets the 2nd Weds of the month. The link was given above but here it is again - http://www,meetup.com/bwimeetup. Free to attend.
I live in Laurel so I'm close to you. I'm a licensed Realtor as well. Let me know if I can help you in any way. @Russell Brazil is right - hard to find multifam around here .. It kills me sometimes when I hear about all the midwest people and their multifamilies. Someone above also mentioned the convenants and restrictions in Columbia. There's the Columbia Association (CA ) - which you pay additional for to access things in Columbia (a Rouse community) and then there's the HOAs for the individual villages that comprise Columbia. Google to find out more.
Happy investing!