All Forum Posts by: Richard Bailey

@Deepika Tandon

Let me know if my info above is any help?

I see deals in Baltimore, specifically in a neighborhood called Pigtown. This is a up and coming area going through gentrification. You can buy a row house for $25,000, with $80,000 in repair. The ARV will be $170,000-$200,000.

Do some research on Pigtown. 

http://www.baltimoresun.com/business/real-estate/wonk/bs-bz-pigtown-businesses-20151109-story.html

https://www.baltimorebrew.com/2016/02/12/proposals-would-re-purpose-former-bath-house-and-firehouse-in-pigtown/

http://news.wypr.org/post/pigtown-ascending#stream/0

Please let me know if you have a deal that you want to sell in Washington DC metro area, which has a good upside ARV.

@matt

@Matthew Eisenman  It's alway better to own.  You should start with your own "live-in" flip to build equity an learn some important lessons about maintaining a residential property.  

I have a nice property that is will go on the market soon, in an area in DC that is strong rental market.  

I would welcome the opportunity to share the details with you.  

I give you a lot of credit for knowing a cap rate is at 18 years old.  

You should surely look to purchase income property outside of your area for better returns.  However, you must connect with someone you know well in the area where that you invest.  

Hi Skyler and welcome to BiggerPockets! It’s a great place to learn as much as you want about investing and meet the people you want to meet.

I grew up in the Bronx, but I came to my senses and moved to the DC metro area.  

Here are a few recommendations to get going in the right direction:

Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

To connect with other BP members that are in your immediate area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

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What type of 1st deal were you looking at?

Wishing you the best and Welcome again!

Let me know if get anything for sale.