I am new to this and would like to know any tips on buying dilapidated properties and rehabbing them. My "do it yourself" skills are limited so the repair work will be all outsourced (hiring professionals).
I am new to this and would like to know any tips on buying dilapidated properties and rehabbing them. My "do it yourself" skills are limited so the repair work will be all outsourced (hiring professionals).
Most buildings in Baltimore are effectively totaled meaning the repair costs exceed the value finished value of the property, your much better off buying turn key.
I am new to this and would like to know any tips on buying dilapidated properties and rehabbing them. My "do it yourself" skills are limited so the repair work will be all outsourced (hiring professionals).
Most buildings in Baltimore are effectively totaled meaning the repair costs exceed the value finished value of the property, your much better off buying turn key.
Most buildings in Baltimore are effectively totaled meaning the repair costs exceed the value finished value of the property, your much better off buying turn key.
I completely disagree wit this statement. There are absolutely some homes/blocks where the cost to renovate will exceed the ARV, but doesn't apply to "most buildings in Baltimore". Our vacant home problem also not the reason for Baltimore being "the way it is", but rather a symptom.
There are plenty of neighborhoods in Baltimore where you can make money investing in Real Estate, you just have to know your block and your numbers. To answer the OPs question, my first "tip" would be to start scouting neighborhoods to identify where you want to invest.