Middle River, MD · Member since 2016 · 8 posts · 1 vote
Hello,
My husband and I are planning to start our journey in REI (Real Estate Investing) in the Baltimore County, Maryland area. We are looking in the Dundalk and Rosedale areas for properties ranging in the 50-60K (fixer uppers). Does anyone know what the market is like in these two counties, for a buy and hold potential? Any help would be greatly appreciated! Thanks.
I too just started REI, although I am not familiar with the "new" Dundalk, I have read on BP that area is ideal for renting vs flipping. This past weekend I looked at 2 properties in the Hamilton area and 1 is already gone. Reach out to a Realtor you trust and ask their opinion. Good luck.
Lamont, Thank you so much for your input and valuable opinion. I have also joined the Baltimore REIA and will be attending my first meeting tonight. Great news to hear about Dundalk, as I am looking into starting a portfolio of rental properties. I will need to network more and find a good realtor, thank you for the advice!!
Welcome to BP @Jihane Chaieb. there are many members here who invest in Dundalk for buy and hold and consider it good. I don't hear much about Rosedale but that doesn't mean anything.
Welcome! Dundalk is great for buy-and-hold as well as for flips, but keep in mind that it is a town made up of many neighborhoods, and not all are the same. Rosedale (21237) is a tough zip code because it is made up of the more affluent northern part near White Marsh (where there isn't as much distressed property), and the more commercial southern section where the highway/heavy industry limits the residential demand and therefore the comparable sales for estimating ARV. That is definitely not to say that you can't find a deal there, just make sure you really trust your numbers. Good luck!
@Joe Norman, you are right! There are many pockets within Dundalk that are completely different than the rest of the neighborhood. You have a point about Rosedale. Maybe we should expand our areas to include Baltimore city then. Thank you for the advice. I apreacite it.
@Ned Carey Thank you for your input! I will have to continue to expand my network and meet investors in the area.
Hey BiggerPockets family! Since you're on the subject of Baltimore county. Does anyone have any knowledge or info about investing in Baltimore county's Halethorpe area? I'm also new to investing, never done a deal at all. I'm looking to flip distressed properties or learn wholesaling. Is this a good place to start? I have recently taken a guru seminar and I was a licensed real estate agent in the past, but had no real success. The truth of the matter is, I'm greener than a golf course.
@Dmitriy Fomichenko Thank you very much for the information. The word alert system is a smart strategy to increase efficiency of BP, I will do that. I will get on the blogs as well, I am a podcast listener and I really enjoy Brandon's blogs (though catching up on the 200+ episodes).