Aspiring DC Metro Area investor

[Ralph Torres]

Hey BP,

I'm Ralph, a new investor in the DC metro area. I've been a fan of the podcast for about 3 years now, and passively reading the forums. I'm a long-term buy and hold investor, I currently own an SF rental in Baltimore, My goal is to own at least one rental property a year. I'm a big fan of the BRRR strategy. I look forward to meeting new people and hear new ideas.

[Eric G.]

Originally posted by @Ralph Torres:

Hi Aaron, 

Morgan State, Coppin State, and John Hopkins regions. My current rental is near Coppin State University. Basically C and D class neighborhoods, Rehab budgets no more than 35k. Home ranges below 250k. 

  Welcome Ralph!

        I'm also a newer investor from Baltimore City. Right now, I currently own a two unit property near Johns Hopkins (Main Hospital). I love the idea that you're targeting these institutions as I truly believe these places (Hopkins Medical Facility, Universities, etc) will be the difference in long term growth here in Baltimore. Which Johns Hopkins are you targeting? The University, or Hospital? The reason I ask is because I've seen a lot of great properties in the University area (multi family at that) that I see as untapped resources. I'm referring to the large multifamily on St Paul, Charles... etc. I've ran the numbers on quite a few of them and rarely did I find a deal that didn't make sense. Personally, I would stay away from Coppin State. I've seen the school and surrounding area go downhill for a while. Morgan State would be a great target area. In fact, a lot of City Police Officers live in those surrounding neighborhoods and I see it going up hill with time. Either way, that's only my opinion,  best of luck to you.

-Eric