Want to buy a Rental property in MD.

[Kal Pathak]

Hi,

I have rental property in White Marsh, MD. I want to buy another property. How do I go about this?

What areas are good in MD. I do not want to go to the Eastern shore (too far away).

Do I need to get a real estate investment specialist for this?

Any tips appreciated.

[Ned Carey]

@Kal Pathak I see t his is your fist post so welcome to BP

Well that in part depends on what you want. Are you looking for strictly cash flow - Then Baltimore city is the way to go. Are you looking for appreciation or maybe a combination of some cash flow and some appreciation?

In general there are good deals to be had everywhere. Most areas of median home prices or less tend to make good rental areas. How far you go below the median depends on what you are looking for.  I think $75K to $150K neighborhoods in Baltimore city or Baltimore county are good bets for me.