Updated about 8 years ago on . Most recent reply
Multi family in Baltimore
I am at the beginning stages of buying a multi family in the Baltimore City or Baltimore County area. Can anyone give me advice on areas that are up-and-coming versus areas to definitely avoid? Thank you for any and all recommendations!
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Wow.. so rough on Baltimore City. Those who are not from Baltimore are usually hesitant to invest here. However, there are many opportunities, if you are familiar with the neighborhoods. Baltimore is a big rental market. I agree that you must see it day and night and locals can tell immediately if it's a good block to invest in. Only downside is that the market is on the upswing, so I would buy soon. Not a lot of inventory, so look for auctions and get on wholesaler lists. Also, keep in mind that there are upsides to "C" class, especially when the market tanks again!