What to do with 175k in Baltimore/dmv area

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Ozzy SirimsiBusiness Member
Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
6y

I would get 2 townhouse in a decent area, and rent them.

I would normally suggest multi unit but sellers are asking too much these days, however, if you are fine with that then buy a multi :))

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  • Flipper/Rehabber · Berkeley Springs, WV · Member since 2017 · 164 posts · 103 votes
    6y

    25% down on a multi unit in Baltimore City in an up and coming area. 

  • Property Manager · Baltimore, MD · Member since 2014 · 1k+ posts · 1k+ votes
    6y

    Depends on your goals, of course!  Are you looking for passive income or active flipping income?  Value-add projects or Turnkey?  Hands on or Hands Off?  

  • Ozzy SirimsiBusiness Member
    Real Estate Agent · Baltimore, MD · Member since 2016 · 1k+ posts · 782 votes
    6y

    I would get 2 townhouse in a decent area, and rent them.

    I would normally suggest multi unit but sellers are asking too much these days, however, if you are fine with that then buy a multi :))

  • Tim JacobPro Member
    Real Estate Agent · Baltimore, MD · Member since 2016 · 520 posts · 379 votes
    6y

    In Baltimore you could comfortably do a couple brrrs  with rowhomes in good parts of town and have plenty left over..   In small multi you could do maybe do it as well for 175k.  Should be easy to manage after they are finished with quality project management and the quality of  neighborhood.

  • Member since 2020 · 2 posts · 1 vote
    6y

    What are the up and coming  areas tho Baltimore. seems to be pretty bad

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