Edgewood, MD · Member since 2016 · 26 posts · 5 votes
Does anyone have rentals in the watergate area of Edgewood, harford county maryland 21040? Voucher or market? I am looking to possibly buy in that area and wanted to get some feedback first
Investor · Hyattsville, MD · Member since 2012 · 822 posts · 441 votes
8y
I would talk to @Zach Zander for feedback on townhouses in that area.
I'd point out that some of these communities are beginning to deal with deferred maintenance to common area like repaving the private streets that make up their entire communities. Thats not a county responsibility. In the below case, watergate assc. took out a 140k loan to re-pave their streets after getting help from councilmembers to get a low interest loan. There are some risks to owning in these associations and possible association special assessments to owners that may follow. So besides normal tenant quality risks, you have to consider the lack of control over the association and management of financials that could increase your expenses and hurt cashflow.
There are some of the articles here that are important to reference with regard to violence in the area several years ago that I'm not sure are still applicable: