Updated about 5 years ago on . Most recent reply
Baltimore, MD Real Estate Investing
Hello all, I am Damon Lloyd and I reside in Baltimore, MD. I am fairly new to the real estate investment game (studying for the past two months).
I have some knowledge of the area and I can see the potential of buying, renovating (minimal if possible), and renting properties in Baltimore.
My reason of writing this post is this: Do banks commonly loan out for inner-city properties for investment purposes? I am not sure about how banks view city properties and lending out to certain areas. ALSO, for investors that are currently in Maryland, I would love to network and form a relationship!
Thank you all for the help, Damon
Most Popular Reply
@Damon Lloyd Hi Damon, I'm a newer investor myself with one deal under my belt and working on my 2nd. I posted about my 1st deal here:
https://www.biggerpockets.com/forums/850/topics/861566-my-first-baltimore-buy-and-hold-investment?highlight_post=5267942&page=1
My favorite resource has been the 'Maryland Investors Network' Facebook group. Lots of good content on this very active group.
As for local banks which are investor-focused, I would try Scott Freitag with Eastern Savings.