Multi-family investment neighborhoods in Baltimore

[Gina Casbarro]

Hi! I'm brand new to the Bigger Pockets forums and to real estate investing. My first goal is to purchase a multi-family between 2-4 units, live in one and rent the rest - ideally off-setting most or all of my mortgage costs. Willing to do some renovations and don't want to have to do a complete overhaul the first time. 

Some of the neighborhoods I'm considering are: Lauraville, Hamilton, Beverly Hills, Chinquapin Park, Parkville or Overlea. 

Reaching out to see if anyone familiar with the Baltimore area has recommendations of other neighborhoods I should consider? 

I look forward to connecting with you!

[Ozzy Sirimsi]

@Gina Casbarro

I think Multi- Units properties have been over priced since 2016.

Not many around and too many investors looking for them which makes it more expensive.

If you can find o e that you can add value, that would be great.

Be careful with the numbers, your goal is to get a deal not a multi unit.

As far as Halcyon goes, it is expensive for 195k because of the its layout, condition and location.

You would be paying 1300-1400 for the payment, not that bad but It will not be an easy sell with that lay out, might get vacancies between tenants.

It might cash flow a little when everything goes your way but it is an old house, there will be problems and does not worth to deal with an old house for a little

cash flow.