Investing in baltimore?
38 Replies
Ozzy Sirimsi
Real Estate Agent from Baltimore, MD
replied over 2 years ago
It is kind of funny, people actually invest in Baltimore all agree on that Brooklyn is a no go, but rest keep on eye on it for some reason :D)))
I play soccer over there, still drive around and don't see any improvement :D))
Nicole Obregon
replied over 2 years ago
Very interesting conversation about the areas of Baltimore! Following and reading. Curtis Bay isn't appealing or growing in value, from what I've heard, but you can always find a renter.
Andrew S.
Real Estate Agent from Baltimore, MD
replied over 2 years ago
Brooklyn and Curtis bay are not for the faint of heart.
Saji Ijiyemi
from Woodstock, Maryland
replied over 2 years ago
Anyone have any knowledge about Ashland street, Eden in Old Town neighborhood in Baltimore city?
Joe Giusto II
Investor from Linthicum Heights, Maryland
replied over 2 years ago
Most of my properties are in Curtis Bay / Brooklyn, but I agree with Andrew that it is not for the faint of heart.
Tyler Dalton
replied about 2 years ago
@mattschelberg I am looking to invest in Dundalk and curious what your experiences have been thus far? Based on my research it seems it's a solid blue collar area with steady rent rates.
Asif Ahmed
from Burtonsville, MD
replied about 2 years ago
@Joe Giusto II I see a lot of people here are saying Brooklyn is uninvestable but it sounds like you're making it work. What are your biggest challenges investing there? Why did you choose to invest there? With a good Property Management firm, would you say those problems can be ameliorated?
There's a particular property there that appears like it would cash flow well, and I'm trying to decide if the risks outweigh the potential.
Matthew Paul
from Severna Park, Maryland
replied about 2 years ago
I could never understand why new investors are drawn to Baltimore . Sure the prices can be low on a buy . Buy the taxes are high , permits are a pain , appreciation sucks , tenants are not the greatest . The new inspection laws are a pain . There are too many houses for rent in the city . Too many landlords fighting for section 8 tenants .
I know a couple guys making bank on city properties , but its a full time job , and full time headache .
Me , I like county properties , Glen Burnie , Pasadena , Severn . Lower taxes , better schools , better tenant pool . I have bought right and all mine cash flow 1% or greater
Joe Giusto II
Investor from Linthicum Heights, Maryland
replied about 2 years ago
@Asif, the biggest challenge is finding quality tenants. I chose to invest there because I am familiar with the area and the low cost of entry. A good property manager would help, but I manage my own.
Vic Vega
from Halethorpe, Maryland
replied almost 2 years ago
I have a property in Brooklyn (City side) that I was all in for 56k. After a cash out refi was done I now have 6k tied up in the property out of my pocket and it cash flows $750 a month in net profit. Those numbers are amazing, but that is a bit of an exception in Brooklyn, I got lucky. You can certainly invest in Brooklyn but heavy due diligence is required and I can't think if many row homes in that area I'd want to invest any more than 60k total at the very most. Preferably less than that.
Bryce Gubler
replied over 1 year ago
I'm looking at to invest in property (Row Home) in Belair-Edison and was hoping to get some insight about the area? Anyone have any experience in this neighborhood? Thanks!
Mike Shahi
from Washington, DC
replied 12 months ago
Bumping this back up- hearing good things about the Remington neighborhood- thoughts?
Remington Lyman
Real Estate Agent from Columbus, OH
replied 12 months ago
Originally posted by @Mike Shahi :Bumping this back up- hearing good things about the Remington neighborhood- thoughts?
With a name that good it has to be a homerun!