Anyone doing Rehabs in West Baltimore?

Question

Newbie here with one rental under my belt in Petersburg, VA. Looking to pick up a rental/section 8 partial rehab in the Baltimore market in the next few months. Is Anyone working in the west Baltimore market who could give me some pointers or "Ok" areas/streets? Also any reputable GCs I could be referred to as I am about 1 and a half out from Bmore and cant commute there weekly?

Thank you

Ontwon Smith · Answer

Rehabs can be fraught with peril for a newbie investor and generally not a great way to start the business. Most newbies will start with wholesaling and get to know the local rehabbers and contractor connections. Also OPM, (Other People's Money) is the best way to do rehabs. That being said, like the rest of us investors, it's training. (An experienced real estate investor will always acquire and /or flip properties with little to no money down). I too was not thrilled with the mundane 9-5 existence. Been there. Words can't express the excitement of looking at (and xeroxing before depositing) my first check from flipping a wholesale property. I'll never look back.  I'd recommend picking a few ways to learn and profit from real estate. I know there are hundreds of "gurus" out there who'll sell you a course to learn from (a bunch of manuals and CD's) that truthfully, most people never finish. I know, I was one of them who ordered this stuff and much more. People simple get bored too easily. In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours! Really? That just doesn't work and some just walk way. Back to the cubicle. When I made a decision to help others, I realized people wanted more doing than reading and quick answers to their questions. Also great to earn while you learn instead of waiting. Where ever you learn from *(it doesn't have to be me). The most important thing is to apply it. ..And the Good News- it's not Rocket Science. I can tell you that marketing is the single most important thing you can do and master as an investor. So it's Marketing, marketing and more marketing! if you want to know, it's the difference between guys & gals who make money and those who don't.

Andre Smith · Answer

@Nicole B.  @Ozzy Sirimsi @Julius F. Thank you all a ton

Nicole B. · Answer

@Ozzy Sirimsi is right.  Old homes mean old plumbing and electric, which means $$$$!  Definitely find a realtor with experience with these older homes and be sure to get a home inspection!

Russell Brazil · Answer

Stringer Bell I think is

Julius F. · Answer

Welcome to BP Andre! I'm not working in Baltimore, but west Baltimore is a bit vague. I grew up in Baltimore and it is a block by block type of city. West of MLK blvd and route 40 (which is a part of west Baltimore) has a great deal of abandoned houses.  Also, Baltimore county is different from Baltimore City so be aware of that.

I would make sure you have some boots on the ground when doing rehabs, and at least drive around (both night and day) to find locations that you are interested in. You will quickly find out which areas should be avoided. It is getting warmer so people are coming outside more, and you can get a feel just seeing the amount of people outside. Good luck!

Anyone doing Rehabs in West Baltimore?

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