Is Towson, Maryland a good area for buy and hold investing?

[Marc Cohen]

Good Morning, everyone. 

Looking to invest in the Baltimore County area.  I'm starting off my search with Towson. Was wondering from those who are familiar with Towson if it is a good location for buy and hold investing?  What are the negatives?  Are distressed properties hard to come by? The schools look great, low crime, plenty of businesses nearby and it has large medical facilities.  Thanks for your time.

[Ruth Lyons]

Hi Marc,

Towson is a good area to live and work. As an investor in other parts of Baltimore county, I've always wanted to pick up a fix and flip or buy and hold in Towson. The problem is it's hard to find properties that work financially. Because of the high demand by retail buyers to live in that area, acquisition prices are high. Other areas of Baltimore county produce better cash flow. Take a look at Owings Mills, Windsor Mill, some parts of Parkville and other areas around Towson. I'm a licensed agent in Maryland and have helped several BP members find rental properties if you want to reach out.