Looking to Invest in rental property

Reston, VA · Member since 2015 · 1 post · 2 votes

Hello

I'm looking to invest in my first rental property. The market in Virginia is much more expensive, so I've been looking at Baltimore. I welcome any advice to help along the journey.

2 Reply

22 views

Most Popular Reply

Chris SeveneyBusiness Member

Moderator

Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes

10y

make sure you know your neighborhood. Remember you also get what you pay for.

I would recommend if you are not experienced to take advantage of the site and all that it offers.

Put a plan together first as well.

Good luck

7e investments53 Reviews

Website View Page

1 Reply

See this reply in the discussion

6 Replies

Jump to latestLatest

Sort by

Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
10y
make sure you know your neighborhood. Remember you also get what you pay for.
I would recommend if you are not experienced to take advantage of the site and all that it offers.
Put a plan together first as well.
Good luck
7e investments53 Reviews
Website View Page
1 Reply
Elizabeth Nourse
Investor · Fairfax, VA · Member since 2015 · 239 posts · 90 votes
10y
@Benjamin Kwendi
If you're interested, I might be able to help you- I'm a broker and I really enjoy working with investors across the region. Please check out my profile and let me know if you're interested in getting some help. And good luck on your journey!

Liz
0 Reply
Sean Webb
General Contractor & Investor · Member since 2015 · 59 posts · 12 votes
10y
Bring your business to Ohio. Our market is cheaper than anywhere else with very high rents. My current projects consist of two quad buildings purchased between 20-26k. Both going to collect 3k in rent. Tell me if Baltimore has those numbers
0 Reply
John Fleming
Investor · Rancho Cucamonga CA · Member since 2015 · 42 posts · 19 votes
10y
Sean, this numbers sound amazing.
0 Reply
Ian Barnes
Rental Property Investor · Baltimore, MD · Member since 2014 · 247 posts · 321 votes
10y
Benjamin, unless you know Baltimore very well like myself, I would suggest talking to or partnering with someone that does. If your off by just a few blocks, you can end up buying a property that you will lose money on. Also, if your from Reston, VA, you would probably not want to go and see some of the lower end properties (meaning anything that sells for less than 100k) past 5pm, as it gets very dangerous and you will become a target if people don't know you on the block. Its a great business and the cash flow is great in Baltimore, but you do have to be careful.
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.