All Forum Posts by: Jojo Olaseha

HI, 

There are currently 16 Duplex building in Baltimore for sale. Prices ranging from 100-250.

There are currently 17 Triplex (3units) and three 4 unit buildings for sale. Prices ranging from 100-300.

Inventory is low BUT you can grab a turn key row home (#bed/1bath) for less than $70K and the potential rental income ranges from $1,100-1,400 depending on the location and the condition of the homes, My Investors love it. 

Areas I would look into: 21213, 21206, 21217, 21205, 21230, 21229, 21223

Solicitation removed

Oh honey, thats not passive income...self managing is hard. Why don't you consider hiring a property manager?? handy men are not always reliable nor available in the middle of the night. I recommend someone for you that works in both DC and Maryland and has contractors and handy men in both cities.

HI, 

Do you owe a mortgage on the property you want to rent? You may have some difficult putting it in a LLC is the mortgage is currently in your name. If you don't owe a mortgage then you should put it in an LLC. You may h=not have a lot of money but if someone sues you and comes after your personal and business assets you will lose ALOT!!! Contact a title company asap. I suggest Stephen from the Law Office of Matthew J Parr.

Hi, 

They should secure their dogs because if the dogs attack someone the can be sued. However, common sense is not common and you are doing the right thing, secure your investment. I would have a fence built asap. Please make sure your fence is secure and sturdy. My investor passed on a great property because of the neighbors huge dog.

Hi, 

I would add an alarm system to the home asap. If you do not have blinds and or curtains put those up asap as well. Remove the lock box. Add a welcome mat outside of the front door. To the windows in the basement I would block them off so that no one can look in. Also think about adding security doors to the front and back. The goal is to make it appear that someone lives in the home. Vacant homes no matter the condition are a drug addicts playground. Squatters will also move in these homes and you will have to evict them through the court as if they were real tenants. 

If you're looking for duplex, triplex in Baltimore I would suggest searching the following zip codes, 21207, 21206, 21217, and 21213. 

I think you did a great job and that was your first time!!! Excellent. 

The return on investment in Baltimore is 44%. Don't be fooled. Where can you purchase a home for less than $70K and rent it for $1,500?? 

Baltimore is a great city to invest in. Many who are advising you to avoid Baltimore are basing that off of opinion and rumors. They do NOT understand Baltimore real estate. Sure you can invest in Baltimore county but you would be leaving so much money on the table leaving Baltimore city out. What you need on your team are knowlegable/passionate players. I have 3 investors from California who have purchased a total of 15 investment properties. None of the investors have ever step foot in Baltimore. I have investors in Florida, New York and Philadelphia. 

I have closed on over 17 Baltimore investment properties in 2018 thus far. Look me up on Zillow, all of this is public record. 

Neighborhoods to pay close attention to:

Pig Town, Washington Village (21230 zip code), Reservoir hill (21217), Station North, Remington, Brewers Hill. 

And yes Baltimore is a block by block city, which means each block on a particular street could look and feel totally different. 

there are so many homes on the market in that area and honestly your home is not priced competitively. There are 29 other homes in that zip code priced between $180-200K but there are only 10 homes priced between $150-160K. The homes priced at $170K and above have sat on the market for months, some have sat for a year. I would price your home at $155-160K max. Let the buyers get into a bidding war.

Oh Gosh, yes!! Baltimore is the perfect market to invest in with your budget.