House Hacking Baltimore

[Tony DiDomenico]

I' m new to REI and I'm looking at house hacking as my point of entry in the Baltimore MD area. I'm planning on using an FHA loan and putting down 3.5-5%. Since this is my first deal I'm not sure if I want to get into doing a large rehab. As a side note I do manage a construction supply company so I have the resources available to complete a rehab if it's the best option. Are there any geographical areas or strategies that anyone would suggest?

[Solomon Morris]

@Tony DiDomenico the benefit of obtaining a property that requires rehabbing is the opportunity to walk into some equity.  I watch the small multifamily market in baltimore closely and there are a couple beautifully rehabbed (but in my opinion overpriced) duplexes that have been on the market for an extended period of time.  Easy will cost you.. Why not "pay yourself" to leverage the construction resources at your disposal?