Rental Property in Maryland- where to invest?

[Account Closed]

Hello,

Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.

Please advise. Thanks !!

[Sam Kahl]

Quote from @Account Closed:

Hello,

Complete newbie here. I'm looking to buy a rental property where ROI makes sense, area with a potential growth/appreciation and quality renters with good income. Please advise what areas I have to look for. Flipping or investing in Baltimore itself isnt my cup of tea. Looking area like Fredrick, Elkridge, Columbia. Gaithersburg, Hyattsville etc ..and confused :). Looking in the range of ~300k.

Please advise. Thanks !!

How close to the city are you willing to go? Baltimore County has areas that can be attractive (I am most familiar with areas north/east of the city). Dundalk in particular for cash flow. The Parkville area has more single family homes with higher price points than Dundalk so the cash flow may not be as good, however, values in that areas hold up well overall. There are plenty of other suburbs with great appreciation potential but likely to generate less cash flow. Depends how far out you want to be and what your strategy is.