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Greg Parks
  • Specialist
  • Baltmore, MD
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Lack of options that meet the 2% (or even 1%) rule in Baltimore

Greg Parks
  • Specialist
  • Baltmore, MD
Posted Jul 27 2016, 12:58

I've been running the numbers on various properties in the City of Baltimore, as I'm looking to start out as a house-hacker once I've tied-up the right property.  For the safe bet neighborhoods in B'more (Canton, Fed Hill, Fells Point, and to a lesser extent Ridgley's Delight) few, if any, properties support even the 1% rule.  Should I avoid purchasing an investment property in any of these neighborhoods until rents improve/property values decline?  

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