Baltimore noob

[Joel M.]

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!

[Gabriel G.]

@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)...