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Updated about 5 years ago on . Most recent reply
Another Reason To Avoid Hagerstown Maryland
Already the second highest tax jurisdiction in the state they now want to double up taxes on RE investors.
All in the investing community should be aware of this corrupt city government
Story below
https://www.heraldmailmedia.com/news/local/hagerstown-considers-a-two-tiered-tax-rate-structure/article_01b25d30-d159-11e7-a62f-c76756fefc56.html?utm_medium=social&utm_source=email&utm_campaign=user-share
Most Popular Reply

There is a larger area of Hagerstown that is not within the City and as with anything the prices tend to move in relationship to the many factors. When a property is double taxed (both city and county) it would tend to be related in the sales price. Most of the multi family is concentrated in the city or closer to downtown. The more highly regarded properties are not in the city tax district and are on the outskirts in different school districts. People need affordable housing and the further you go East the less affordable housing becomes.. As you come West Hagerstown meets that sweet spot where prices makes sense in relationship to rents. The cheaper the property the more management it will take.. the more expensive the property your looking at negative cash flows. Hagerstown City can be a pain in the *** and its well documented BUT I bet Baltimore is very similar, I don't know, but I'm guessing.. Higher Taxes is bad business.. its been proven that it doesn't work in the long run..
As for Frederick vs Washington County.. Frederick County is 2x more expensive and not sure how you cash flow in a market like that.. Unless you are finding off market deal in Frederick County which are few and far between it doesn't make sense to purchase in that area.
In Washington county you need to purchase in the right spots and manage the hell out of it..
As with anything.. If it were easy everyone would be doing it.