All Forum Posts by: Kristen Mathias

Evening Bigger Pockets,

I am a new investor looking to purchase my first rental property. I have done a fair amount of research and intend to buy in the Baltimore area near John Hopkins (potentially Canton, Fells Point, Blutcher Hill, Charles Village, etc.). With this being my first property I don't think I want to buy a rehab, although I know the returns on these properties are larger, and I had primarily been looking at a renovated or fairly nice rowhouse. I want to buy something which will hopefully rent fairly easily before I move on to something more challenging.

I am moving to Baltimore from the West Coast and although I have done a lot of research I have not yet spent a lot of time there or do not know the area super well. I have run the numbers and found a few properties that I believe are a good deal in a fairly safe neighborhood, although I plan to visit these before buying as I know Baltimore varies on a block-by-block basis. My question is: a couple of the houses I found are close to $125K which I believe will rent between $1,300-$1,400; has anyone else bought a rental in this range/does this seem reasonable? With these numbers, does this seem profitable or would you recommend against it? My goal is to buy a place that is both a good investment and a good place to live. I will hopefully be living in it with roommates. but am open to all kinds of options which make sense. 

I appreciate any feedback or recommendations for the first property.

Thanks

Memphis, Houston, Montgomery, Birmingham, Cleveland, Huntsville 

I have been shopping markets for awhile and have been eying San Antonio and Dallas and the surrounding areas. I am mostly looking for duplex, triplex or quadplex's but into small apartment or single family as well. I am interested in cashflow as a main priority and buy and hold. I am curious which neighborhoods people would suggest? up and coming but safe, and will attract good tenants?

Thanks

Kristen