Sunday, June 1, 2008

Where to invest?

Hoping to take advantage of the rash of foreclosures? Itching to position yourself as a landlord, rehabber/flipper, or even developer ahead of the BRAC goldrush? The big question is where to start?

Fort Meade and Aberdeen Proving Grounds are slated for significant growth over the next couple of years. Around Fort Meade you can find plenty of icky houses to buy, but will they suit as rentals or be better for flipping to retail home buyers? What's the best way to navigate the myriad counties' law re zoning and land use laws? Is it better to focus on a geographic area, or a building type?

Aberdeen is surrounded by lots o open space, but is it really ready for the growth? Think of the commute down 95 today, and imagine what it will be like in 3 years. Egads!

And Baltimore City, centrally located, is chock full of shells, partially fixed up neighborhoods, and rent-ready houses that can be got cheap. But will the worker bees be willing to travel every day south to Ft. Meade or north to Aberdeen?

Hmmmmm.

These are the questions running through my mind this June 1, 2008. Comments and discussion are welcome. I'll post answers if/when I ever come up with them...

Cass

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