Newbie Question Here. Where Is A Good Place In Baltimore For Investment?
I ask this because I know that in Baltimore the main investment is rehabbing and selling for a high price or rent or rent to own. Also because the prices vary by block. Please savvy investors or people who have or are currently buying properties in Baltimore please respond.
Hello:
You can get this information by contacting a local broker/realtor.
It is best to get pre-qualified for a loan before purchasing. Doing that can help you set a realistic rehab budget. plan to use approx $30,000.00 for unexpected repairs. Example for roof leaks, plumbing,
bringing electric up to code. Trying to get money out of a property for repairs if owned less than 12 months is impossible or costly with variable arms. The gurus wont tell you this.
Best regards
From your reply, I guess it is safe to say that you are rather experienced in the field, and possibly have bought real estate in Baltimore. Can you refer me to some good real estate agents or brokers that you think might be of good help to me.
I have been prequalified with one company for $200000, and I plan using between $10000 and $30000 for rehab work. I plan on rehabing and hold for quite some time because I want to first of all concentrate on increasing my net, so I do not plan on selling immediately.
Any more information as to the subject matter will be appreciated
You talked about the property having to pass you numbers crunching, even though I do have an idea of what criterias you used to analyse the property in baltimore, I will like if you can please give me a full breakdown of what you used in the numbers crunching of each property?