Local Real Estate Networking
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago on . Most recent reply

Baltimore Rental Property Investing
Most Popular Reply

@Jerry Presmy Well you have some challenges . First we all would love to find a house for $20K and get it rehabbed for $15K and rent it for $1300 a month . First problem I see is that $15K for renovations , that may cover materials , certainly not labor . A 20K house will need a WHOLE lot more than that .
The contractor part , first as a contractor I wouldnt care what HCVP code is , I would only care what was necessary to pass the building inspector . You the owner tells me what work YOU want done , I price it and then do it .
Now you are dealing with Baltimore city and Section 8 tenants . These tenants KNOW they are what landlords want , they wont accept dives , they want nice looking properties . There are over 1000 houses for rent in the city , thats 1000 landlords trying to lure in that good section 8 tenant . LOTs of competition .
banks generally dont want to do loans on those cheap houses .
To be blunt , I think you have set your sights just a bit high .