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Updated almost 10 years ago on . Most recent reply

User Stats

30
Posts
14
Votes
Jack M.
  • Investor
  • Quincy, MA
14
Votes |
30
Posts

New member, living in Boston, investing in Baltimore

Jack M.
  • Investor
  • Quincy, MA
Posted

Hello all.

I'm new here, but I'm not an entirely new investor.

I did the "house hack" of owning a property with an FHA loan and rented out the basement to help pay the mortgage on a property in Maryland. This was back in 2006. After the housing crash, my long time tenants moved out and I was moving off to grad school, and I could not sell my house (I was way underwater on the mortgage), so I ended up renting it out.

I only recently got above water on that house, and it is not the best investment property, but I'm keeping it for now since it is finally generating a positive cash flow.

I've recently come into a lot more money (self-employed), and am now in a position to buy even more properties, but I want to do it right this time. So, here I am

I moved to Boston for grad school and I love it up here, but I feel the market in Baltimore is a lot better for what I want to accomplish (buy and hold, mainly), and I know the market better (in addition to already having a management company in place). 

Anyway, hi. Nice to meet you all. 

Most Popular Reply

User Stats

30
Posts
14
Votes
Jack M.
  • Investor
  • Quincy, MA
14
Votes |
30
Posts
Jack M.
  • Investor
  • Quincy, MA
Replied

I'm mainly looking at Baltimore County, @Russell Brazil. I lived in the Baltimore area for the first 29 years of my life (and I'm 33 now), so I am pretty familiar with the area. My current property is in Dundalk, and I lived in eastern Baltimore County most of my life. 

EDIT: Apparently I suck at using the @ tags. Oh well, I'll figure it out. 

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