finding deals-Northern Maryland is drying up. DE? VA? MD?

[Richard Forton]

Hey all,

I have been crushing the last 14 months, adding 9 units to my existing 9 units. I am having no luck finding good deals. I live about 30 miles north of Baltimore City in a town called Havre De Grace. My newest properties are here and my existing 9 unit building is in the neighboring town Aberdeen. I want to buy more where I am at because the Havre De Grace properties I am buying are solid structures, in a desirable location, with the surrounding property values being 2x, 3x, and even up to 8x the cost. The rents are high and the places are just awesome cashflow piggy banks, that actually appreciate every year! But now it seems like the party is coming to an end. There are no rentals or even houses that can be BRRRed or used as a fix and flip coming onto the market anymore. What are some great places in Maryland, Virginia, and Delaware to invest??

[James Masotti]

Originally posted by @Richard Forton:

Hey all,

I have been crushing the last 14 months, adding 9 units to my existing 9 units. I am having no luck finding good deals. I live about 30 miles north of Baltimore City in a town called Havre De Grace. My newest properties are here and my existing 9 unit building is in the neighboring town Aberdeen. I want to buy more where I am at because the Havre De Grace properties I am buying are solid structures, in a desirable location, with the surrounding property values being 2x, 3x, and even up to 8x the cost. The rents are high and the places are just awesome cashflow piggy banks, that actually appreciate every year! But now it seems like the party is coming to an end. There are no rentals or even houses that can be BRRRed or used as a fix and flip coming onto the market anymore. What are some great places in Maryland, Virginia, and Delaware to invest??

If you're looking on the MLS everything is tightening up right now. Low supply, strong demand, and rising interest rates are having everyone buy up all the existing inventory. Unless you have a funnel of off market properties your going to struggle finding those kind of solid cash flowing deals with lots of equity that continue to appreciate. Again nothing is impossible, but it's going to be much harder than it was 6, 12, 18 or more months ago.