Check out the links below to super charge your life Email me: meetronnierealestate@gmail.com 💰 How I Make $25,000 + a Month on RUclips : www.RUclipsToCash.com 📞 Book A 1 on 1 Call: calendly.com/therealestatetrapper 💳 Get Instant business credit: Https://www.TryBusinessCredit.com 🏠 Buy or Sell a home in D.C., Maryland, or Virginia Http://www.TheRealEstateTrapper.com 🏧 Easiest Guide To The ATM Business: therealestatetrapper.gumroad.com/l/NaQZE *Some of the links and other products that appear on this video are from companies which The Real Estate Trapper/All Thingz Real will earn an affiliate commission or referral bonus. The Real Estate Trapper/All Thingz Real is apart of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. I AM NOT a financial advisor. This channel is for education purposes only and does not constitute financial advice - The Real Estate Trapper/All Thingz Real is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance.
Compared to other major cities on the East Coast, Baltimore often has more affordable property prices. This can make it an attractive option for investors looking for lower entry costs
The city has faced economic challenges, including budget deficits and high poverty rates in some areas. This can impact overall market stability and growth
Absolutely. The quality of property management can vary widely, which might lead to higher maintenance costs or difficulties with tenant turnover in less well-managed properties
Facts. It happens n other countries as well. My old coworker is having a house built n her home country n Africa. She paid 2 get work done, & nothing was done. She had 2 take-off from work & babysit them 2 get the phases of her home complete. She has 2 go home & babysit every time she gets work done.
Baltimore is one of the markets I buy properties in, so I know Baltimore very well. I also sell a lot of off market properties in Baltimore, and throughout Maryland.
I wouldn’t recommend living in Baltimore city unless you like living on the edge and you don’t mind a little surprise crime that comes out of nowhere while you’re on your way to work. It’s even happening now in areas that used to be safe like Fells Point and Mount Vernon. You have teens going on carjacking sprees targeting people and I don’t know if the police have even caught them yet.
I am a nurse and real estate investor born and raised in Baltimore. We still have a few homes in baltimore but are actively selling them off . This guy is 100% correct. This exact scenario has happened to us and we live an hour away but work full time. You must know where to buy and know someone that is physically boots on ground. Baltimore is too “tenant” friendly therefore I’ll never buy another property again. People say “ oh just get section 8 and they will pay every month. Yep - that true too but what they don’t tell you is most “ decent “ tenants with section 8 has a job and they pay a portion of the rent while sec 8 pay the other portion. The tenant will not pay!!! Trust me- even if it’s $200!!! To get full section 8 payment of 100%- Thise people sit home all day long!!!! No job! F’ing your house up! They don’t have a care in the world - they have their fellow deadbeat friends there with them all day!! It’s just not for me anymore. All money ain’t good money and he is right- you get what you pay for. We have property in other states and I have to say- baltimore folks are different.
One of the first rule of thumb in buying an investment property that you plan to rehab or hold to rent is to never buy more than 2hrs from where you live unless you have strong strong connections (i.e., family) in that area who are ok with being your point person on the project. Don't trust a contractor to have your best interest in mind.
Key is buying the entire row...Maybe 2-3 rows and create community with all renovated spaces.....If you have 12 friends you all do it same time and gentrify them all out....Make the 2-5 rows LGTQ friendly and rent the end space to a coffee shop...the other end a doggy day care
The cost to fix in baltimore and detroit can run up to $100k to 150k its wild. I can build brand new construction in parts of texas, carolinas, Tennessee, etc for those prices. The other problem is trying to refinance banks dont like these cities, why so many fix/flip to sell to "out of state " investors.
You mentioned TN. I bought city lots and think of buying a house in Memphis. It’s tough living in NYC and Cali. So expensive and tenant friendly but then you Not in the cheaper places to watch the houses
@@ErickaWilliamsCC You know I didn’t notice your name. I bought the lots, and am in AWS tech school because of you. A guy I met through Sub Green said he should of listened to you. Thanks for the content. I wrote a book on glucose management too but few bought it. lol. Thank You
Baltimore is a great place to invest. You must live in the city or have someone that you really trust live in the city or very closed by. Check your property daily and have the property cleaned and secured daily.
The best places to invest, whether it be the suburbs or city Is the south. Follow migration and infrastructure. Baltimore is regressing. Baltimore is in the top 5 for cities with biggest population out of any city in the United States. You don’t invest in a regressing city. Charlotte nc, Raleigh nc, Charleston sc, Greenville sc, Tampa fl, Orlando fl. Those are examples of cities to invest. The thriving cities with infrastructure and growing populations
@@davidmoore623 Atlanta is another one. It depends on the age of the home, age of the roof, and if you’re in a flood zone. My insurance on my rental in Florida isn’t expensive at all. I’m not in a flood zone and have new metal roof. New construction won’t have high insurance either. It really all depends. You’ll definitely cash flow down there more than in Baltimore for sure
The City of Baltimore has the most deferred maintenance and functional obsolescence of any place that I've ever been exposed to. Caveat emptor for real. Perform extremely thorough due diligence on anything you buy, and even more so if it has been "renovated".
If you get a good contractor it makes all the difference. The real struggle comes once you have the place finished and now have to find quality renters.
I’m from Baltimore and it seem like when everyone think of Baltimore they only think of them run down row homes maybe because they’re the cheapest, a lot of us from Baltimore wouldn’t live in those neighborhoods 😂
I bought a place n Bolton Hill. The house is not run down, but previous owners neglected & did patch work over the yrs. It's costing me a lot 2 repair & maintain, but I can't say I regret it. The house is over 100 yrs old with better bones than a lot of new builds. I guess it's really a matter of preference & affordability. It would definitely b cheaper 2 restore/rebuild n the run down row homes. Many of them r listed as historic & r eligible 4 tax & rebuild credits.
@@mistermilkman Bolton Hill is not one of the neighborhoods he's likely referring to in his comment. Bolton Hill is a decent neighborhood the last I was there...he's talking places like Sandtown-Winchester, over by Patterson Park altho they've come up some, Pigtown, some parts of Park Heights, Brooklyn, etc...)
The way things are now a days I wouldn't invest in properties unless I live there or can be there within a hour or two. I wouldn't put my trust in none of these contractors
Thats not great advice because those neighborhoods are not cash flowing well and have high property taxes on top of being highly priced for baltimore The best way to invest in baltimore is subsidized housing
I grew up in Baltimore. One of our neighbors brought up some $1 houses and made a few million, in the early 70s. Now? I wouldn't invest in that program unless I personally rehabbed each property myself. Of course, I don't live there anymore, but only 2 hours away. Another drawback is you have to buy up whole blocks in order to secure your investment.
Which is smart. I have an investment property n Bmore. I travel 4 work, & am able 2 come home weekly if I choose. I will not b going far again until my projects r complete. So far, my contractors have been pretty good. If I'm not home, they send b4 & after pics. I request videos from 1 n particular. If something is not satisfactory, they have come back & rectified. This is certainly not a Baltimore thing. I would advise any1 to monitor the work they r paying 4.
Almost gotta treat it like a new development. Buy the block and fix up the whole block cause ONE bad home on the block can ruin your investment, let alone a whole bad block with one good home on it. See the same thing in TX just at a lesser scale cause everything is so spread out. Out of state investors buy some shit shack in an entirely undesirable community and blame the realtor/wholesaler/whoever found the deal because the investor didn't do their due diligence. People don't even look at the crime maps and act shocked when folks start stealing wiring and materials from out their property.
As a Black Man who lives in PG County and owns a house in Baltimore let’s take it a step further…….Black Man-to Black Man, Baller-to-Baller, Playa-to-Playa, Pimp-to-Pimp, here’s something that a lot of investors don’t know about why you should only “flip” in Baltimore but never rent……….Baltimore is the ONLY U.S. city I’ve ever heard of that forces the Owner to keep the water bill in the Owner’s name. The tenant “never” has to put the water bill in their name. Here’s the other kicker. If the tenant refuses to pay the water bill, which they always do. Think about it, why would they pay it?? But when they refuse to pay the water bill?? You can’t have Baltimore Metered Water shut the water off!! Not while the house is “tenant occupied”! Tenants can run the water bill up to $5,000 and if the Owner refuses to pay it?? They’ll put a lien on the property and foreclose on you!!!………And Baltimore wonders why they have hundreds of thousands of houses nobody wants to buy that sit there empty for multiple decades. From the Mayor to the City Council I’ve never seen City Leadership dumber than Baltimore’s…….Those people are beyond stupid. It’s the most anti business City in the U.S……….The trashiest City in the Country. Never buy rental property in that City. Flip only, in well selected neighborhoods.
i've rented in philly, nyc and all parts of jersey and i've never had to put the water in my name and generally dont pay for water. i don't think that's unusual.
I’ve talked to property owners in multiple U.S. cities and I’ve never run across ONE in any other city who said that it was their city’s policy to force the Owner to keep the water bill in the Owner’s name. When I tell them about that completely anti investor policy and all of the hundreds of thousands of empty, boarded up houses that Baltimore can’t get anyone to buy they always say “No wonder!” 😳😳😳
@@kjahmbanso Some owners try that. You price the rent too high though they go looking for bargains elsewhere. Come to Baltimore and see blocks upon blocks upon blocks with multiple boarded up houses. When you ask yourself “Why are all these houses empty and nobody wants to buy them??” when you look at that water bill policy it tells you everything you need to know.
Never pay the contractor all the money up front and expect the work to be done. Always only give him a smallest amt to start the work and set timetables in the contract to get the work done.
That’s mistake number 1 in any city. I can understand someone living in an expensive area where they can’t find deals and may be frustrated. HOWEVER don’t be so eager you throw your money away out of desperation. Just invest with a reputable investor and get a return.
I think that goes for any investments you do out of state. You need trusted contractors, period. I’m from California and am living in Baltimore more than not to be present.
Everything you say can apply to any contractor in the United States or in the world and also these are not problems just in Baltimore these are problems in the entire United States and the entire world! Any landlord that lives outside of any state is going to have the same problem!🤷♂️🤷♂️🤷♂️🤷♂️
You right about that, had a friend back in 2007 had me come out Bmore because the contractor was acting a fool it was a shell house and that dude totally messed the whole build up house was uneven. Then my best friend she he a property in Bmore and the contractor was taking forever to finish. You got to stay on their necks up there. Bet if John Hopkins hired them they would be finished in two months top.
Yup 💯 apart of the reason is because Johns Hopkins doesn’t pay contractors up front. They normally will pay when the job is complete or when the contractors reach certain milestones in the job.
@@AllThingzReal Me and my son about to do something's up there, thanks for the info to keep a foot on. there necks to make them do what they are supposed to do. They so our south American friends work hard an fast 😂😂😂😂 they sure are slow when women hire them.
😂😂 that’s typical. Don’t invest in anything revolving around construction if you do not know means and methods of construction. The water service upgrade is the trick in Baltimore. infrastructure is extremely vulnerable and old.
I'm surprised those appliances haven't been stolen yet. Happens all day every day. Many times it's the neighbors that see work going on in the house and no one is there after working hours and on the weekends. Do not install HVAC equipment (especially the outdoor unit) until the day a tenant moves in or it grows legs and walks off. You must have an alarm system installed with a motion sensor. Even then, the cops might show up an hour later if at all, and the thieves know that. It's a jungle out there ladies and gentlemen. Seriously.
This isn’t just Baltimore. This whole video title is confusing and misleading, this can happen anywhere, if you’re not there to see what’s happening with your property this can happen if you live in Baltimore by a property in Baltimore, I don’t make the time to see what the contractor is doing
I grew up in the hood in Baltimore city and made a couple million in real estate so what you are saying is wrong. If your a investor and you aint there you need a project manager and if you dont know that you shouldn’t be in real estate so stop giving baltimore a bad rep. And contractors in a whole are shady not just in Baltimore they are robbing peter to pay paul and as a real investor you would know this and do your leg work to find the right one
Real estate is starting to get overrun by large mega corporations and baltimore is where they are at the most extracting equity off these homes and making people stay overcrowded in housing. City Hall will take a mild to new rehab and charge tax payers and homeowners $6,000 dollars for property taxes and even higher than this on tax assessments. County starting to be just as bad i got my 2025 tax assessment went from 1800 to 3700 in Dundalk a property I have. The elite are trying to push mom and pop landlords out of the markets! 2:242:24
Im honestly surprised the city instead if punishing these squeegee kids with BS fees and tickets they honestly should take these entrepreneur, individuals--which that is what they are!-- and offer them something on the lines of power washer to literally clean the sidewalk, neighborhoods and let them charge what they want
So we shouldn’t invest in Baltimore real estate because your boy picked a bad contractor who didn’t plug in a refrigerator? Yeah you lost me there bruh
That’s not my boy and I never said don’t invest in bmore. You didn’t watch the entire video. I explained not to invest unless you take time to understand how the Baltimore market works. It’s different then any other market
Home owners have lost their minds with their pricing. I have been interested in purchasing a home but the prices seem too high I would rather rent until prices go down. but investing in the crypto space at the moment is the best choice for every investors.
It does not make sense what you’re saying there is still honest people stop telling people foolishness. I know a lot of people who does not live here and honest people doing their work stop being down black city with your foolishness if you can find honest people you just need to do your research and find good honest contractor is a lot of us here People live here and they have their house and running good so please stop telling people foolishness because of too bad experience study some statistic first
This type of business is one of several reasons why Baltimore is in the position it’s in 🤣. There is nothing cool about being a city no one wants to do business with.
Yessir…and it’s a reason why B-More can sell a 500k house across the street from a $1 Bando 😂😂😂 Y’all better go Binge Watch some Wire and take ya bread somewhere else in the DMV if you don’t know what you doing 🫵🏾😭
Never invest in the hood unless you can get there this is true. Plus you gotta pay ur contractors well enough they look out for ur shit when ur gone because they want the good money. You gotta earn your alpha and it’s nuanced the poorer the area
Check out the links below to super charge your life
Email me: meetronnierealestate@gmail.com
💰 How I Make $25,000 + a Month on RUclips : www.RUclipsToCash.com
📞 Book A 1 on 1 Call: calendly.com/therealestatetrapper
💳 Get Instant business credit: Https://www.TryBusinessCredit.com
🏠 Buy or Sell a home in D.C., Maryland, or Virginia Http://www.TheRealEstateTrapper.com
🏧 Easiest Guide To The ATM Business: therealestatetrapper.gumroad.com/l/NaQZE
*Some of the links and other products that appear on this video are from companies which The Real Estate Trapper/All Thingz Real will earn an affiliate commission or referral bonus. The Real Estate Trapper/All Thingz Real is apart of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice. I AM NOT a financial advisor. This channel is for education purposes only and does not constitute financial advice - The Real Estate Trapper/All Thingz Real is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance.
Compared to other major cities on the East Coast, Baltimore often has more affordable property prices. This can make it an attractive option for investors looking for lower entry costs
Yeah, Baltimore has a significant rental market due to its large population of students, medical professionals, and young professionals.
The city has faced economic challenges, including budget deficits and high poverty rates in some areas. This can impact overall market stability and growth
Absolutely. The quality of property management can vary widely, which might lead to higher maintenance costs or difficulties with tenant turnover in less well-managed properties
While some areas are improving, others may still be experiencing instability. This can make it harder to predict long-term returns on investment
From historic homes to modern condos, Baltimore offers a range of property types, which can cater to different investment strategies and preferences
Never pay contractor up front, pay them in stages, buy the material yourself, seek at least 5 quotes.
That’s not just in Baltimore, that can happen in any other city as well…and every neighborhood in Baltimore is not made the same way.
Facts. It happens n other countries as well. My old coworker is having a house built n her home country n Africa. She paid 2 get work done, & nothing was done. She had 2 take-off from work & babysit them 2 get the phases of her home complete. She has 2 go home & babysit every time she gets work done.
Exactly.
Baltimore is one of the markets I buy properties in, so I know Baltimore very well. I also sell a lot of off market properties in Baltimore, and throughout Maryland.
I will never invest in Baltimore due to advice from my mentors
Hes speaking in context to where he's from the area. MD, dc,va
This applies to all areas. Make sure you have dependable contractors etc.
I wouldn’t recommend living in Baltimore city unless you like living on the edge and you don’t mind a little surprise crime that comes out of nowhere while you’re on your way to work. It’s even happening now in areas that used to be safe like Fells Point and Mount Vernon. You have teens going on carjacking sprees targeting people and I don’t know if the police have even caught them yet.
I am a nurse and real estate investor born and raised in Baltimore. We still have a few homes in baltimore but are actively selling them off . This guy is 100% correct. This exact scenario has happened to us and we live an hour away but work full time. You must know where to buy and know someone that is physically boots on ground. Baltimore is too “tenant” friendly therefore I’ll never buy another property again. People say “ oh just get section 8 and they will pay every month. Yep - that true too but what they don’t tell you is most “ decent “ tenants with section 8 has a job and they pay a portion of the rent while sec 8 pay the other portion. The tenant will not pay!!! Trust me- even if it’s $200!!! To get full section 8 payment of 100%- Thise people sit home all day long!!!! No job! F’ing your house up! They don’t have a care in the world - they have their fellow deadbeat friends there with them all day!! It’s just not for me anymore. All money ain’t good money and he is right- you get what you pay for. We have property in other states and I have to say- baltimore folks are different.
One of the first rule of thumb in buying an investment property that you plan to rehab or hold to rent is to never buy more than 2hrs from where you live unless you have strong strong connections (i.e., family) in that area who are ok with being your point person on the project. Don't trust a contractor to have your best interest in mind.
Key is buying the entire row...Maybe 2-3 rows and create community with all renovated spaces.....If you have 12 friends you all do it same time and gentrify them all out....Make the 2-5 rows LGTQ friendly and rent the end space to a coffee shop...the other end a doggy day care
12 friends! it hard enough getting two on the same page in a busines or anything..
You’re delusional 😂
Genius idea. I just need 12 friends but the idea is great! ✨👏🏾
The cost to fix in baltimore and detroit can run up to $100k to 150k its wild. I can build brand new construction in parts of texas, carolinas, Tennessee, etc for those prices. The other problem is trying to refinance banks dont like these cities, why so many fix/flip to sell to "out of state " investors.
Exactly if there are too many board ups on the street or next door to the property banks will not lend or refinance.
You mentioned TN. I bought city lots and think of buying a house in Memphis. It’s tough living in NYC and Cali. So expensive and tenant friendly but then you Not in the cheaper places to watch the houses
@@SamMcKinley middle Tennessee full of opportunities
@@ErickaWilliamsCC You know I didn’t notice your name. I bought the lots, and am in AWS tech school because of you. A guy I met through Sub Green said he should of listened to you. Thanks for the content. I wrote a book on glucose management too but few bought it. lol. Thank You
@@AllThingzRealYou as well brother. Thank You for the channel.
Bro, are you leaving? I don't think you locked that door.
😂😂😂
I was going to say that
Almost invested in one house went on Google street view and boyyyyyyyy it’s been the hot spot for at least 8 years. Hand to hand!
You mean hot spot for crime?
@@purplemonster2239yes high crime
Baltimore is a great place to invest. You must live in the city or have someone that you really trust live in the city or very closed by. Check your property daily and have the property cleaned and secured daily.
Thank you. I am in the DMV area and very skeptical of investing in Bmore. I can’t afford DC but I cannot risk my savings in Bmore either 😢.
Likewise. At one point, I was looking HARD at BMore. UNTIL I learned about all the landmines in the city.
Investor in Baltimore with 3 properties. 2 cash flow and 1 currently fix and flip. Nothing he said was a lie.
The best places to invest, whether it be the suburbs or city Is the south. Follow migration and infrastructure. Baltimore is regressing. Baltimore is in the top 5 for cities with biggest population out of any city in the United States. You don’t invest in a regressing city. Charlotte nc, Raleigh nc, Charleston sc, Greenville sc, Tampa fl, Orlando fl. Those are examples of cities to invest. The thriving cities with infrastructure and growing populations
You forgot Atlanta. Those cities on the coast are going to have high insurance rates.
@@davidmoore623 Atlanta is another one. It depends on the age of the home, age of the roof, and if you’re in a flood zone. My insurance on my rental in Florida isn’t expensive at all. I’m not in a flood zone and have new metal roof. New construction won’t have high insurance either. It really all depends. You’ll definitely cash flow down there more than in Baltimore for sure
@@livingmybestlife365Jacksonville thoughts?
@@SamMcKinleyI don’t much about Jacksonville, I hear the market there is pretty slow and the inventory is way up
@@SamMcKinleyI’m assuming you’re talking about Jax Florida
The City of Baltimore has the most deferred maintenance and functional obsolescence of any place that I've ever been exposed to. Caveat emptor for real. Perform extremely thorough due diligence on anything you buy, and even more so if it has been "renovated".
If you get a good contractor it makes all the difference. The real struggle comes once you have the place finished and now have to find quality renters.
@Erik_Thorsvik I’m looking to invest in Maryland and Hoping you can share any of the good contractors you recommend! TIA
I’m from Baltimore and it seem like when everyone think of Baltimore they only think of them run down row homes maybe because they’re the cheapest, a lot of us from Baltimore wouldn’t live in those neighborhoods 😂
I bought a place n Bolton Hill. The house is not run down, but previous owners neglected & did patch work over the yrs. It's costing me a lot 2 repair & maintain, but I can't say I regret it. The house is over 100 yrs old with better bones than a lot of new builds. I guess it's really a matter of preference & affordability. It would definitely b cheaper 2 restore/rebuild n the run down row homes. Many of them r listed as historic & r eligible 4 tax & rebuild credits.
@@mistermilkman Bolton Hill is not one of the neighborhoods he's likely referring to in his comment. Bolton Hill is a decent neighborhood the last I was there...he's talking places like Sandtown-Winchester, over by Patterson Park altho they've come up some, Pigtown, some parts of Park Heights, Brooklyn, etc...)
@@ivyd5485 it's quicker and easier to just list the few half decent areas and then say that the rest is all sh!t. 🙆🏼
The way things are now a days I wouldn't invest in properties unless I live there or can be there within a hour or two. I wouldn't put my trust in none of these contractors
Baltimore city, they will dumb trash behind your home. Only invest in fells point, federal hill , canton, or downtown
Thats not great advice because those neighborhoods are not cash flowing well and have high property taxes on top of being highly priced for baltimore
The best way to invest in baltimore is subsidized housing
I grew up in Baltimore. One of our neighbors brought up some $1 houses and made a few million, in the early 70s.
Now? I wouldn't invest in that program unless I personally rehabbed each property myself. Of course, I don't live there anymore, but only 2 hours away.
Another drawback is you have to buy up whole blocks in order to secure your investment.
Yep All True even in Philly-DC and Boston
My risk tolerance is pretty high but I’m still not at a place to invest in any market I can’t drive to within 2 hours.
Which is smart. I have an investment property n Bmore. I travel 4 work, & am able 2 come home weekly if I choose. I will not b going far again until my projects r complete. So far, my contractors have been pretty good. If I'm not home, they send b4 & after pics. I request videos from 1 n particular. If something is not satisfactory, they have come back & rectified.
This is certainly not a Baltimore thing. I would advise any1 to monitor the work they r paying 4.
exactly! just posted that above. it's the 1st rule of thumb.
Almost gotta treat it like a new development. Buy the block and fix up the whole block cause ONE bad home on the block can ruin your investment, let alone a whole bad block with one good home on it.
See the same thing in TX just at a lesser scale cause everything is so spread out. Out of state investors buy some shit shack in an entirely undesirable community and blame the realtor/wholesaler/whoever found the deal because the investor didn't do their due diligence. People don't even look at the crime maps and act shocked when folks start stealing wiring and materials from out their property.
It's like that in Trenton NJ!
It's like that everywhere. 4 some reason, some people n Baltimore think things r limited 2 them.
They're selling gutted homes for over 60K. You have a bunch on contractors that use the same subcontractor.
As a Black Man who lives in PG County and owns a house in Baltimore let’s take it a step further…….Black Man-to Black Man, Baller-to-Baller, Playa-to-Playa, Pimp-to-Pimp, here’s something that a lot of investors don’t know about why you should only “flip” in Baltimore but never rent……….Baltimore is the ONLY U.S. city I’ve ever heard of that forces the Owner to keep the water bill in the Owner’s name. The tenant “never” has to put the water bill in their name. Here’s the other kicker. If the tenant refuses to pay the water bill, which they always do. Think about it, why would they pay it?? But when they refuse to pay the water bill?? You can’t have Baltimore Metered Water shut the water off!! Not while the house is “tenant occupied”! Tenants can run the water bill up to $5,000 and if the Owner refuses to pay it?? They’ll put a lien on the property and foreclose on you!!!………And Baltimore wonders why they have hundreds of thousands of houses nobody wants to buy that sit there empty for multiple decades. From the Mayor to the City Council I’ve never seen City Leadership dumber than Baltimore’s…….Those people are beyond stupid.
It’s the most anti business City in the U.S……….The trashiest City in the Country. Never buy rental property in that City.
Flip only, in well selected neighborhoods.
i've rented in philly, nyc and all parts of jersey and i've never had to put the water in my name and generally dont pay for water. i don't think that's unusual.
I’ve talked to property owners in multiple U.S. cities and I’ve never run across ONE in any other city who said that it was their city’s policy to force the Owner to keep the water bill in the Owner’s name. When I tell them about that completely anti investor policy and all of the hundreds of thousands of empty, boarded up houses that Baltimore can’t get anyone to buy they always say “No wonder!”
😳😳😳
@@lptinvestor1781so do you add the cost to the rent if you rent to ppls since it’s in your name?
@@kjahmbanso Some owners try that. You price the rent too high though they go looking for bargains elsewhere.
Come to Baltimore and see blocks upon blocks upon blocks with multiple boarded up houses. When you ask yourself “Why are all these houses empty and nobody wants to buy them??” when you look at that water bill policy it tells you everything you need to know.
On Which city’s do you recommend to flip?
Accurate with everything you said
🤝
Never pay the contractor all the money up front and expect the work to be done. Always only give him a smallest amt to start the work and set timetables in the contract to get the work done.
😂
That’s mistake number 1 in any city. I can understand someone living in an expensive area where they can’t find deals and may be frustrated. HOWEVER don’t be so eager you throw your money away out of desperation. Just invest with a reputable investor and get a return.
Best thing about Baltimore is the food. That’s it😅
I’m from Baltimore, the chicken box is the only thing I miss and my half and half.
No it's location, close to DC not to far from PHilly, NY etc. Also has an international airport. It should be an long term investment
@@bradleysample3246 Exactly is a great investment. It has an harbor. and positioned between two of America's power centers : DC and NYC.
I can’t imagine taking somone job and agreeing to do the contract work and then dont do it.
If you ever watched the show the Wire they definitely shown this
Suburban urban areas are way better and buying lots will make it way easier to build and profit off of the high market value when done
I think that goes for any investments you do out of state.
You need trusted contractors, period. I’m from California and am living in Baltimore more than not to be present.
I just left Baltimore. It look like it does on the internet rough. All the gas stations are skeptical
I keep repeating this as you stay consistent. Your ability and will to share the truth and be candid is quite a value!
🤝
Everything you say can apply to any contractor in the United States or in the world and also these are not problems just in Baltimore these are problems in the entire United States and the entire world! Any landlord that lives outside of any state is going to have the same problem!🤷♂️🤷♂️🤷♂️🤷♂️
You right about that, had a friend back in 2007 had me come out Bmore because the contractor was acting a fool it was a shell house and that dude totally messed the whole build up house was uneven. Then my best friend she he a property in Bmore and the contractor was taking forever to finish. You got to stay on their necks up there. Bet if John Hopkins hired them they would be finished in two months top.
Yup 💯 apart of the reason is because Johns Hopkins doesn’t pay contractors up front. They normally will pay when the job is complete or when the contractors reach certain milestones in the job.
@@AllThingzReal Me and my son about to do something's up there, thanks for the info to keep a foot on. there necks to make them do what they are supposed to do. They so our south American friends work hard an fast 😂😂😂😂 they sure are slow when women hire them.
Not to mention the junkies breaking in. And smoking crack then burning the house down
You said theres no parking so how did you park your car. Nothing wrong with street parking in row housing
It’s in a alley. I had to park on the Main Street and walk to the alley
I’m supposed somebody didn’t brake in the house
Great PSA. Seems like common sense to most people but out of towners really need to pay attention
Very true good tips
😂😂 that’s typical. Don’t invest in anything revolving around construction if you do not know means and methods of construction. The water service upgrade is the trick in Baltimore. infrastructure is extremely vulnerable and old.
Always got to watch contractors. That's worldwide.
Baltimore is a block by block basis. Comps can be different directly across the street. Comes with experience. Gotta do your homework.
Trappa.... you reaching.... That's what project managers are for , you can't be at every property that you managing!!!!
But point well taken
These smaller investors are not using project managers nor do they have the margins for it.
Or little bit of leg work and make a k**ling in Baltimore.IYKYK
@@AllThingzRealhow do you pay project managers? Do they charge you for sqf?
It is all about the draw schedule. You have to make sure they only get paid for what they do?
I'm surprised those appliances haven't been stolen yet. Happens all day every day. Many times it's the neighbors that see work going on in the house and no one is there after working hours and on the weekends. Do not install HVAC equipment (especially the outdoor unit) until the day a tenant moves in or it grows legs and walks off. You must have an alarm system installed with a motion sensor. Even then, the cops might show up an hour later if at all, and the thieves know that. It's a jungle out there ladies and gentlemen. Seriously.
Thats for any state
What did you tell him to do to get the contractor to work ?😮
This is ANY city and ALL development rehab projects
What was that on the counter top?
This happens everywhere
Yes thank you
What do you think about hiring someone to be there for you if you can't be there in person?
That’s cool. But most people don’t have the budget to hire a project manager
Hire a property manager
This isn’t just Baltimore. This whole video title is confusing and misleading, this can happen anywhere, if you’re not there to see what’s happening with your property this can happen if you live in Baltimore by a property in Baltimore, I don’t make the time to see what the contractor is doing
Block by block city
One of the best contractors in Baltimore is Munir Bahar.
All appliances are wrong sizes
Man look 😂😂😂 it’s Bmore CITY. Crime, crime and CRIME. Already a bad investment.
Never say never.
I grew up in the hood in Baltimore city and made a couple million in real estate so what you are saying is wrong. If your a investor and you aint there you need a project manager and if you dont know that you shouldn’t be in real estate so stop giving baltimore a bad rep. And contractors in a whole are shady not just in Baltimore they are robbing peter to pay paul and as a real investor you would know this and do your leg work to find the right one
No lies told
Stringer Bell would be disappointed in you bro
Real estate is starting to get overrun by large mega corporations and baltimore is where they are at the most extracting equity off these homes and making people stay overcrowded in housing. City Hall will take a mild to new rehab and charge tax payers and homeowners $6,000 dollars for property taxes and even higher than this on tax assessments. County starting to be just as bad i got my 2025 tax assessment went from 1800 to 3700 in Dundalk a property I have. The elite are trying to push mom and pop landlords out of the markets! 2:24 2:24
All truth
Understood
Im honestly surprised the city instead if punishing these squeegee kids with BS fees and tickets they honestly should take these entrepreneur, individuals--which that is what they are!-- and offer them something on the lines of power washer to literally clean the sidewalk, neighborhoods and let them charge what they want
I highly disagree with this video
Not at all man, you just need to work with a good builder. My company never operates this way in the DMV.
Can you share your company’s name?
They didn’t hook them up because they coming back in the middle of the night take them and sell it
Facts
It’s hard to pay attention to what you’re saying because you keep saying “RIGHT”.
Articulate the information clear, and concise.
True
Bro hope you see this comment I’m from Baltimore honest young guy graduated from trade school reply if you can use a guy I can use the work
Sounds like you had a bad experience. But thousands of out of state investors have success in Baltimore city every day. You need a team.
thats not just baltimore...whats a universal rule everywhere
95% of cheap properties results in ultimate failure😂
This is just bad content. You gotta put more time and effort in your videos
So we shouldn’t invest in Baltimore real estate because your boy picked a bad contractor who didn’t plug in a refrigerator? Yeah you lost me there bruh
That’s not my boy and I never said don’t invest in bmore. You didn’t watch the entire video. I explained not to invest unless you take time to understand how the Baltimore market works. It’s different then any other market
Home owners have lost their minds with their pricing. I have been interested in purchasing a home but the prices seem too high I would rather rent until prices go down. but investing in the crypto space at the moment is the best choice for every investors.
Cheap for a reason. Plus you gotta know ur tax mileage and if they tend to assess high or low. Again more volatility in the hood
It does not make sense what you’re saying there is still honest people stop telling people foolishness. I know a lot of people who does not live here and honest people doing their work stop being down black city with your foolishness if you can find honest people you just need to do your research and find good honest contractor is a lot of us here People live here and they have their house and running good so please stop telling people foolishness because of too bad experience study some statistic first
This type of business is one of several reasons why Baltimore is in the position it’s in 🤣.
There is nothing cool about being a city no one wants to do business with.
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First
Yessir…and it’s a reason why B-More can sell a 500k house across the street from a $1 Bando 😂😂😂 Y’all better go Binge Watch some Wire and take ya bread somewhere else in the DMV if you don’t know what you doing 🫵🏾😭
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your explaination sucks ,get the point
Bro do u have an instergram ?in Baltimore wanna ask a few questions
Yes it’s @ TheRealEstateTrapper
Never invest in the hood unless you can get there this is true. Plus you gotta pay ur contractors well enough they look out for ur shit when ur gone because they want the good money. You gotta earn your alpha and it’s nuanced the poorer the area
Very true good tips