I'm new to the BP scene and wanted to get your opinion and or advice on investing in multi-unit properties in the city of Baltimore and Baltimore county.
I have done extensive research on the topic though important pieces of information can be missed or potentially misleading while reading on your own.
I am pre-approved and am using owner occupied financing.
I should add that I am planning to buy and hold.
You find a property yet? If not, how many units are you looking at to snatch up?
@John Taylor I suggest you get a profile photo. There are several John Taylors here and I am not sure I tagged the right one. And welcome to BP!
I invest in Baltimore City and I think both the city and county are great right now for investment. Prices are very low relative to rents. Baltimore City is definitely more challenging but the returns are higher.
important pieces of information can be missed or potentially misleading while reading on your own.
What information are you looking for? It is very important that you know haw to run the numbers. Most new investor smiss a lot of hidden costs. Search the site here for more help. The 50% rule is a good place to start (searching) regarding holding rentals.
owner occupied financing means find something somewhere you won't mind living for a while. Personally, I would never be anywhere near tenants but to each his own
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