South Baltimore investing (Morrell Park) buy and hold properties

[Tim Youse]

Hi BP, 

I'm doing some analysis of various areas around Baltimore for potential purchases and was wondering if anyone here has any input on the South Baltimore area - Morrell Park, Carroll Park, St Agnes areas etc. I'm seeing homes for under $50k there that only need minimal work to get them rent ready ($5k-$10k or less) Most of these are 2/1 SFR that rent for $1000/mo. What has me a little concerned is the crime in the area based on what I've seen on Trulia. Looks a bit rough - and this is coming from someone whose lived in Baltimore all my life! So, any other investors out there with experience or knowledge of that area, I'd love to hear from you.

[Account Closed]

Tim, I know the area - there are some issues in those areas.  You need to make low offers - the rentals are good but not the equity - don't over pay - always get seller financing.