Multifamily in Baltimore

[William D.]

I have been looking a bit at multifamily available in Charles Village and Hampden areas via MLS. Most prices are relatively high, and seem to prohibit good cash flow, which I guess makes sense for stable areas in Baltimore. I have started looking further afield, to Frederick, Hagerstown, and even PA for multi-families. Can anyone provide advice on Charles Village, or the benefits/issues with investing further afield? Thanks

[Account Closed]

Charles Village was a great place to invest - it hard to find a bargain there now however. You should look at what you are trying to accomplish - flip houses or hold? If you are short on cash - you may want to assign a few properties firs.

I like Hampden - great place - you can still some bargains there - but you need to really to look of looking.

Look at the stats on any property that is listed - most all are over-price - sometimes due to the agent's recommendations - forget the price tag - it is up to you as an investor to make an offer that will satisfy your financial needs - We say if they don't cry - your offer is too high! 

Embarrass yourself - make low ball offers every day - you can't help it if the seller wants more than you want to pay! MAKE OFFERS to MAKE A PROFIT! You are not trying to make friends - you want to make money!