Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Joel M.
  • Washington, DC
3
Votes |
10
Posts

Baltimore noob

Joel M.
  • Washington, DC
Posted

Good Afternoon BP!

I am working on getting started in REI, I have been particularly interested in the Baltimore area for my first property. Could anyone help me get started on what is the best way to get started. Also is it best to purchase a solid row house for 30k and rent it out with a little rehab or buy a shell property for cheaper price tag and build it up as a new property.

Any advice would be most appreciated!

Most Popular Reply

User Stats

215
Posts
123
Votes
Gabriel G.
  • Real Estate Agent
  • Baltimore, MD
123
Votes |
215
Posts
Gabriel G.
  • Real Estate Agent
  • Baltimore, MD
Replied

@Joel M. welcome to BP! As @Ian Barnes mentioned, a lot of newbies (myself included) think that the 50k and under properties are a steal but the reality is you need to really know the area and your costs in order to succeed at these. It may also be even harder if you don't have a decent contractor that you have worked with in the past. I would say to start with something that is in a nicer A or B neighborhood that only needs cosmetic work. You'll learn a ton , it will be easier to manage and you'll start building a nice network of contractors, vendors etc. (That's what I'm doing right now)...

Loading replies...