Pikesville, MD · Member since 2018 · 24 posts · 5 votes
New investor in Baltimore and i'm trying to identify low-income rental areas. I now live here but not from the area so i'm trying to get advice from local investors who are familiar with the city. As I understand it Baltimore is very block by block so it can be tricky to pinpoint those areas but any help would be appreciated. Not looking for war zones for sure, but areas where there is potential for landlords.
Severna Park, MD · Member since 2013 · 7k+ posts · 7k+ votes
7y
Baltimore has something for every price range . Where you want to risk your money is something you need to figure out on your own .
I am not a fan of low income , its high maintenance . I prefer out in the counties where there can be appreciation and higher incomes with less headaches
Pikesville, MD · Member since 2018 · 24 posts · 5 votes
7y
Makes a lot of sense @Matthew Paul, I live in the county and prefer it there for investment as well. This is part of my research to see what else is out there. Thanks again for your perspective on this.
Baltimore is a block by block, street by street investment city. You can have beautiful old Victorian construction, one block away from the hood. Look for targeted development zones. Drive around day and night to get a feel for the area.
Contractor · Baltimore county, MD · Member since 2018 · 17 posts · 15 votes
7y
Driving around different neighborhoods night and day is good advice. I would personally stay away from streets with $5k properties for sale. I have an investor friend who owns many properties in Govans, north balt city. Mostly section 8 long term tenants, he does very well. I prefer the county, but it seems much easier to find, and get a decent deal on city property. I think you can purchase something relatively inexpensive and still make good monthly cashflow. Don't even get me started on city taxes though..
Pikesville, MD · Member since 2018 · 24 posts · 5 votes
7y
Thanks everyone for your input. I ended up driving through Brooklyn area during the day, it wasn't as terrible as I thought it would be but I still need experience it at night to see how much of a difference it makes. Thanks a lot !
In my opinion northeast is the best low income area. Also some parts of northwest Baltimore. I would advise studying the zip codes and then searching the home values which will help you get a sense of the better areas. Then take a day and drive around to get familiar. Guarantee that would help