Updated over 6 years ago on . Most recent reply
Area to avoid in Maryland
I'm looking to invest in rental property in Maryland and want to ask if there is an area I must avoid. I have limited budget around 40-50k. I currently live in Glen Burnie.
Which area should I be focusing on?
Where is blue collar in MD ?
Most Popular Reply
If you're looking to invest in Baltimore then consider both the City AND the County (which are separate jurisdictions, a fairly unique situation that not all are aware of). You'll find lower prices and higher taxes in the City. The county offers more stability (i.e., less risk) but generally higher prices.
If you're looking to be all-in for $40k then you'll either shopping in some of the D-class city neighborhoods (i.e., high risk and lots of headaches) and priced out of just about anything else. However if you can leverage that $40k with a Hard Money Loan then you'd be looking at about $150-200k to invest which will get you into most Baltimore City/County rental markets. Good luck!