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Old 12-23-2013, 11:13 PM
 
1 posts, read 449 times
Reputation: 10
Quote:
Originally Posted by surfchik1081 View Post
I am loooking to invest in real estate in Md However, I am new to the area and am not that savy in the area yet. I'm unsure where is smart to buy and where is not. Where do you recommend purchasing or where do you think would be a wise place to invest? Any suggestions??!!

I was thinking maybe a well desired place to live that has has a drastic fall in housing prices, possible some foreslosure buyouts? Or, up and coming hot spots that required holding onto for a while?? Or hot spots for renters/commuters into the major cities? Or any places that land is becoming scarce? Let me know your thoughts!! Thanks in adavance!

~Meredith
If you are looking to invest I have a nice home that is in great condition available now in Maryland. This is an ideal area to invest in because it is in a good location it is ready to move in now and you will be able to find a renter fast. If you have any questions about this property please feel free to contact me at [email]grisbycearra1@gmail.com[/email]
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Old 12-24-2013, 12:18 PM
 
Location: the hometown of the 21st century
2,261 posts, read 1,860,823 times
Reputation: 755
Would downtown Frederick/Annapolis be good investments? Both offer some of the experience of DC/Baltimore, but with better schools/lower crime. The trend does seem to be towards the cities ... unlike the trend towards the suburbs that existed from the 1940s through the 1990s ...
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Old 12-28-2013, 05:03 PM
 
Location: Millersville, Md and King George, Va
82 posts, read 52,009 times
Reputation: 101
Waugh Chapel, Odenton, Crofton, as well as Annapolis, Edgewater area. I would avoid Baltimore like the plague, to much risk unless you know or can research enough about city planning. If you are thinking of becoming a landlord there, I suggest either living nearby or get an attorney/property manager, as you will be in rent court alot.
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Old 01-03-2014, 12:23 PM
 
Location: The tax and spend state of MD
674 posts, read 311,669 times
Reputation: 129
Quote:
Originally Posted by dragonfennel View Post
I live just over the eastern border of DC in a little town called Mount Rainier. If I had money to invest, I'd be buying up houses here and just to the north in Hyattsville and Riverdale Park. All three communities are historic areas that are revitalizing/gentrifying and are super close to DC. There's a lot of development in the works already, but there are still some really good deals.

Mount Rainier is arguably the hippest (or at least hippie-est) of the three towns and is closest to DC. But Hyattsville is getting more development at the moment (they just got a knitting store -- I think that's some kind of a tipping point!). And in a few years when there's a Whole Foods in Riverdale Park, I suspect that area will just explode.

Best of luck with your search!
good info here!
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Old 01-03-2014, 12:36 PM
 
Location: The tax and spend state of MD
674 posts, read 311,669 times
Reputation: 129
Quote:
Originally Posted by dragonfennel View Post
I live just over the eastern border of DC in a little town called Mount Rainier. If I had money to invest, I'd be buying up houses here and just to the north in Hyattsville and Riverdale Park. All three communities are historic areas that are revitalizing/gentrifying and are super close to DC. There's a lot of development in the works already, but there are still some really good deals.

Mount Rainier is arguably the hippest (or at least hippie-est) of the three towns and is closest to DC. But Hyattsville is getting more development at the moment (they just got a knitting store -- I think that's some kind of a tipping point!). And in a few years when there's a Whole Foods in Riverdale Park, I suspect that area will just explode.

Best of luck with your search!
But why would Mount Rainier boom? What is the draw? There isnt much commercial space that I can see. What is North of Hyattsville? what towns?

Also, people should keep an eye on the ICC which is a new road that is almost complete. It will now take people from Shady Grove Road to Laurel, and beyond. It should open up a lot of neglected areas near Beltsville. Also, there is something called Konterra, a 2000-acre mixed-use development situated in Prince George's County, Maryland straddling Interstate 95. It should be finished in 2015 and will change that area.
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Old 01-17-2014, 05:23 PM
 
46 posts, read 24,431 times
Reputation: 30
I agree, avoid Baltimore City like the plague. The properties are very very cheap (for a reason), you could probably get one cash but the real estate in this area is a serious money pit. Of the a couple that I know who have invested they ended up selling because they lost money on their investment and were never able to receive a return. It's an area that changes block to block, and sometimes a street can be about 65-75% vacant with condemned properties in between. Most plans for the area are geared towards the Inner Harbor and its developments.

I think a good area now is around the National Harbor in Oxon Hill, MD which is turning out to be quite the tourist attraction. There is also an MGM casino coming. If I had the money to invest I would buy a condo or two on Route 210 behind the Tanger Outlets (I think the subdivision of condo buildings is called Wilson Bridge); I would use them as vacation rentals or market them to people who will work at the The National Harbor, Tanger Outlets or MGM. It's minutes to DC and VA, the condos are 5 mins away from the Wilson Bridge to VA and I-295 to DC. Avoid the Livingston Road corridor of that area though, as the construction widening the road appears to be encroaching more and more on residential properties, I could see them forcing owners to sell in another 4-7 years possibly sooner to widen the road further or to possibly extend that which is already gated off separating the residents on that side from the harbor grounds.

I would also consider condos in Ellicott City, and Columbia, MD (pricey but very much sought after areas), there are lots of condos in the Columbia, MD area, Columbia has its own infrastructure, shopping, very walkable area, but still close enough to Baltimore and Rt. 29 and Rt 95 to DC, several commuter bus lots and stops. The market in Bowie has gone down some as far as pricing and would make for a good place to have a rental; still a somewhat sought after area, great for commuters (has Metrobus line and commuter parking lots easy access to highways); Route 214/Central Ave (through south Bowie) goes straight into DC, mins to I-95 and mins to Rt 50 which also goes straight into DC via NY Ave. Bowie is also about 15 mins from Largo Metro Station (train station connecting to the area's metro system that spans the DC/MD/NOVA areas).
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Old 03-16-2014, 08:20 AM
 
1 posts, read 183 times
Reputation: 10
Fraud involving mortgage loans, and/or foreclosure proceedings are increasingly less tolerated by courts. In addition, some mistakes and fraud actually violate laws and your rights as a homeowner and consumer under the TILA, RESPA, and by State and Federal Acts. We have even seen cases where the mortgage did not match the note. That fact alone can stop the foreclosure dead in its tracks. In other cases, the transfer of rights in the property was not properly executed in the mortgage which leaves the bank with an unsecured credit line. There are many factors which makes almost all foreclosures illegal. If you are not aware of these factors you are walking away and losing your home for no good reason.​
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