How to Choose the Right Investment Properties in Baltimore

Investment properties are one of the best and most profitable assets that one can have in their investment portfolio. While investment properties have the potential to be immensely advantageous, finding the right property to invest in is the real challenge. Locating an investment property that is right for you requires finding one with a certain set of specifications that are good indicators of a solid investment. By breaking these criteria down into three categories; location, future potential, and finances and budget, we can begin formulating an idea as to what investment properties in Baltimore would be the most beneficial. 


It cannot be stressed enough how important location is to an investment property. To get the most out of your investment, you want to attract higher-paying renters. Higher-paying renters look for homes in locations that have reputable schools, low crime rates, and that are in a neighborhood that shows potential for livability and has the appropriate amenities. It is recommended that one narrows down a neighborhood first and then looks for a property that has appreciation potential and a good projected cash flow. Locations change over time, which is why it is crucial to be aware of our next category, future potential.

Future Potential

Investing in property is typically a long-term endeavor. Because of this, investigating and doing research to gain an idea of where an area is headed is paramount to making a successful investment. Take a look at the history of the area and use it as a frame of reference as to where it is headed. Make yourself aware of any planned developments near the property. This shows that developers have an interest in the location and have predicted that it has a high potential for profitability. Properties that require minimal investments for rehabbing are usually a good choice because you can acquire the property for a relatively low price, then, make small investments in remodeling which will raise the property’s value. Be sure to look up the number of vacancies surrounding the property you are looking at. A high frequency of vacancies indicates that people do not want to live there and that property owners are struggling to find tenants. Location and future potential are highly important, however, your finances and budgets dictate what you can afford.

Finances and Budget

When it comes to investment properties, the importance of personal finances and budget cannot be diminished. Equating projected rent collections, upkeep costs, and monthly payments determines what you can afford and how you’re going to be able to maintain your properties financially going forward. Everybody’s financial situation is unique to the individual and investment property plans should be tailored to your unique specifications. Decide if you can afford to buy it or if you should finance it. Weigh your rent collection against your monthly expenses to determine your return. Be sure to consider the various factors such as property taxes and unexpected costs such as emergency maintenance. Besides money, time is extremely valuable. Managing an investment property will indefinitely take up a large portion of your time. Hiring a professional property management team will alleviate the stress of property management as well as save you time. A property management service will use their knowledge to ensure that you get the best deals available and will work with you to formulate a plan that fits your unique needs and requirements. 

PPMI Expertly Manages Investment Properties in Baltimore

Investing in property can be a daunting task if you don’t have a team of experienced professionals in your corner. Thankfully, Premier Property Management is your one-stop solution for all of your property management needs. We will assist you in every step of the process, from locating a profitable property that fits your budget to finding tenants and managing your property, we will take care of it all and return valuable time to your day-to-day. Contact us today to get in touch with a property management specialist.

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