All Forum Posts by: Folashadé Shelton

You know what @Sebastian E. , that's a great question. I figured since the city owns these vacant buildings or shells of that nature, the property type wouldn't be limited to just SFR. However, I will confirm. I've had my eye on the North Avenue corridor between MICA and Broadway (surrounding immediate communities) and Penn North.

I attended Morgan State where I studied architecture/planning. Regarding appreciation, yes as Brandon says appreciation is the icing on the cake (especially when it comes to Baltimore, generally speaking).

Hi there @BJ Henderson I am still getting familiar to the market and the overall "city" of Raleigh. I've been here for a little over a year. To be quite honest, it's totally different environment than from what I am use to i.e. urban/density/grid layout, as oppose to sprawl-like framework. So there's a bit of learning curve there however, I haven't necessary rejected Raleigh-Durham just becoming acclimated I suppose.

It's clear that this area is growing tremendously and the job market is pretty strong. In addition there's some big transit projects down the funnel so investing here seems to be far from a bad idea.

Sorry for the delay - have been away on vacation. Nonetheless, I thank you all for shedding some light in you guys' responses, I greatly appreciate it. @BJ Henderson @Sebastian E. @Ned Carey @Ozzy Sirimsi @Kedrick Thornton and @Ellis Agurs

Hi all! Cheers 🍻 to my first post here on BP! I've been a member for sometime now but I typically take the backseat on the forums soaking up as much advice/knowledge as possible while saving capital. I currently live in Raleigh, NC but interested in investing in Baltimore, MD (where I had attended school) due to the low property cost and the redevelopment I see occurring in certain neighborhoods. I'm an eager desired newbie investor — haven't taking that leap just yet. However, I had a thought and wanted to run it by a few minds to get a gist of how incredibly feasible or incredibly unrealistic its is. My first investment property (totally hypothetical) hope some folk have knowledge into the Vacant to Value program in Baltimore, MD. Scenario 1 Buy a multi-family property through the"Vacant to Value" program in a developing neighborhood. Purchase the property with a FHA loan and use a 203K loan to rehab the entire property. Scenario 2 Buy a multi-family property through the "Vacant to Value" program in a developing neighborhood. Purchase the property with saved capital since the property might be +/- $15K depending on condition. Take out a load to rehab the entire property. Live in one unit (for a yr if I go FHA route) while renting out the other unit(s) for market rent value since it's been fully renovated. Meanwhile the property appreciates rapidly due to the revitalization happening in the neighborhood, I've forced appreciation, and maximizing my incomes on the unit(s)... Thanks for your thoughts.

Congrats Robert E Bogino you took that first leap and are soaring. I'm a newbie as well and I was just curious to how you raised your capital? And did you plan to purchase 3 properties on your first purchase?

Great stuff!!! Keep pushing!!

Some great numbers up there, congrats on your 1st property Drew!!! Might I ask your method of obtaining the needed capital for your 25% down payment? As I am in the process of saving up in preparation of purchasing my first income property @Drew Bonner

A simply wild RE testimony for sure!!! Thanks, I appreciate you sharing your experience and taking that leap of faith. Although the process was taxing I am glad it worked out towards the end.

Looking forward to it!!!