Baltimore Rental Investing

[Patrick Nadolny]

I'm a 22 year old investor (right out of college) from the DC area looking to find my first deal in Baltimore MD. It looks nearly impossible for a young investor to break into the DC area because of the high prices so I'm looking at Baltimore. I've analyzed a ton of deal in the area and I'm looking to potentially buy an REO from HomePath to take advantage of low down payments. I have friends who have solid investments in the Canton neighborhood but I'm looking for higher return than that (because I will have to pay for property management). I found a couple good deals in the Hollins Market neighborhood and wanted to get some thoughts on that area. I'm new to investing so any thoughts on HomePath/Baltimore/property management would be awesome. Thanks for the help as I take my first steps into real estate!!

[Russell Brazil]

You wont have any lower down payment with Homepath that you would with any other property.  Homepath use to have 10% down payment for investors, but that program no longer exists.