Accountant · Laurel, MD · Member since 2018 · 6 posts · 2 votes
Been trying to learn a lot over the past month via BP and a local meetup. Would like to start looking at some properties in Howard, PG and Anne Arundel county MD but not sure who to take w me - real estate agent, general contractor, perhaps even a home inspector?
Would a general contractor or home inspector charge you to view properties?
What kind of ROI do you think I can make in those markets?
You could work with an investor-friendly agent to help get you into MLS-listed properties. I think your ROI depends on what your goals are. Are you trying to flip? Buy-and-hold?
Those counties have different price points depending on where you're looking. Don't forget to take into account all of your expenses if you're doing buy-and-hold (especially in Columbia, MD with the Columbia Association fees on top of any other special tax assessments that may be there).
Thx @Jacob K. for the info, and the reminder about CA fees. I used to live in Columbia so I recall them now. I would be most interested in flips right now. Would rather buy in a desirable neighborhood that I know I can sell, rather then taking a bit more risk w higher possible payoff at this point. Just until I get more knowledge base.