Trying to Crowd Rehab part of Baltimore

15 Replies

Would like to rehab a block on an area in Baltimore with a group to turn it around. Rehab it like alot of D.C that has been done. Would like to do it with some serious investors. I currently do full renovations with some trendy accents for market rent. COME ON PUT YOUR MONEY WHERE YOUR MOUTH IS and hard work.

Do you have any neighborhoods in mind for this? What's your plan, to buy up most of the homes on a particular block and flip or rent them long term or what do you have in mind? 

I've thought about similar ideas from time to time. Issue is, it's so much effort to coordinate on that many properties. 

I've always liked this idea. Patterson Park did it, and a group called Linden Tree did it on Linden Ave in Reservoir Hill.

If you really wanted to put your money where your mouth is, you'd find as many city residents as you could to work on your propertoes.

@Bill Struthers

 I have a few neighborhoods in mind and open to suggestions in areas.

@Andy Gross

Using people from a bad neighborhood you run into alot of stealing and break-ins and no skills. Ive use a couple but not many. Trying to keep it simple. Get the block, get in, get it done.

So many talk the talk and don't walk the walk.

How dare people not leap at the chance to invest money in a very speculative venture in a very troubled city because some guy on the internet taunts them?  What is the world coming to?  They must all be wussies or something.

But please, let us know if the taunting people like we're on a 6th grade playground works out for you.  Maybe I'll try it next time I go in to the bank.

I have always been curious about investing in Baltimore. A recent visit to The Avenue (west 36 st) tells me that the area is poised for a renaissance. By the same token, there are so many neighborhoods where the majority of homes are all boarded up keeps me on the fence. 

From what I've heard on Real Deal meetup, Baltimore is a great place to buy rental properties because there are so many section 8 prospects, but not necessarily the ideal city for flipping. I'd be interested in hearing more and possibly joining forces with a group. Being a small time investor, I'm too scared to go it alone.

I think The Avenue has already had its renaissance.  Hampden is full of rehabbed homes and trendy shops.

Baltimore can not be summarized as it is this or that. A summary is ultimately less than the truth. The truth is that some places are deals, some aren't, some are good for renting, some are good for flips, some both, some neither. Each "deal" is unique to itself, though it may share similarities to others. Taking the time to learn the differences and why they are different is the difference between success and failure.

Originally posted by @Sam Sharata :

From what I've heard on Real Deal meetup, Baltimore is a great place to buy rental properties because there are so many section 8 prospects, but not necessarily the ideal city for flipping. I'd be interested in hearing more and possibly joining forces with a group. Being a small time investor, I'm too scared to go it alone.

I agree with this sentiment. However, the business plan needs to be a little better than a tuant to action.

I've been looking into Baltimore myself so I would welcome a movement to turn around a middle of the road pocket to something desirable, and would be interested in being a part of something like that. Just needs to have some great initiatives, like local resident support, or city support and a good local base of rehab crews in place. 

@Richard C. nobody is taunting. Many people talk in general and offer alot of sideline advice. They stop talking when you say lets do something. Every part of Baltimore isn't speculative. 

@Sam Sharata  your statement is exactly one reasons to do it as a team.

Account Closed your advice is always solid and signs of someone that walks the walk. Be happy to run into you one day.

Anybody taking statements personal. Please don't. Trying to talk buisness no feelings

Seems hard to actually get a plan and do something with a serious investor. Wholesalers always around and nagging wish it was the opposite.

@Robert Carl - I'm currently in the process of buying my second investment home in Pigtown. It's my favorite neighborhood right now for a few reasons: 

1. Proximity to I-95. Pigtown and Fed Hill are far and away the two best locations for easily getting in and out of the city.

2. New Casino/development along I-295. A certain percentage of the casino revenue will flow through the immediate surrounding neighborhoods including Pigtown.

3. Proximity to downtown/Fed Hill/stadiums. People are realizing that it's not worth 3x the price of places in Pigtown to live east of the stadiums.

Are there issues with the neighborhood? Absolutely - i.e. lack of commercial establishments, food options, litter removal, etc.  But for the prices and location, I haven't found an area that is better. 

@Bill Struthers

 that is a good area on the verge of turning if it does. I have some properties in Carrollton Ridge just north of you. Let me know if we can meet on a project yours or mines.

Also, Kevin Plank from Under Armour is buying up about all of South Baltimore. For investors, it's not a bad time to be buying into Pigtown.

Sagamore purchases expand

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