Looking to invest in real estate in the Baltimore area? Not sure where to begin or even what factors to consider? If so, then this article is for you. However, since I am not a qualified expert on these matters, I will be recapping the advice of Maryland real estate investor Todd Lubar. To give you a little background about him, Todd Lubar is the CEO of TDL Ventures, an investment company that has been soaring to new heights of profit in recent history. In addition to this, he owns a number of other companies. Most of them are related to real estate in some way. He has been involved in the business of real estate investment for over 20 years and has written a number of blogs on the subject.
Let’s begin with an article on patch.com that happens to address the very subject we are looking for. The title is “Todd Lubar Explains Current Real Estate Trends in Baltimore.” For a start, he talks about population. He says that, although the overall population in the city is shrinking, there is still a lot of growth in certain demographics. The demographic that he mainly speaks of is “young professionals”, which I assume refers to young people just out of college.
Mr. Lubar goes on to say that the growth of this particular demographic has resulted in a greatly increased demand for apartments. As a result, many large older buildings have been renovated and converted into apartment complexes and condominiums. With this has also come improvements in public transportation, which Todd Lubar speculates could fuel the city’s growth by reducing the need for parking, and by saving people money.
Overall, He describes the business and economic situation as being pretty good. Low cost of living, new city initiatives meant to encourage the business sector, and an emphasis on modernity are the words that best describe the picture one gets. So, from this….we would reasonably conclude that this is a good place to buy property.
So now we can look at another article by Mr. Lubar from medium.com. This article is much like the first, except that it pertains to the market of Potomac rather than Baltimore. He describes the real estate market here as being among the strongest in the nation, but also one of the most competitive. There are apparently a lot of people who want to live here, driving up the prices and creating heated bidding wars when a property does become available. On this, Mr. Lubar gives some innovative advice on how to find a seller before they even list their property for sale. He suggests simply mailing letters to the homes of local residents to see if they might be interested in selling their home. I must say, that does sound like a good way to go about it in such a crowded market.
I hope that this article has been helpful, and I wish you the best in your future investments.