Welcome to Passive Real Estate Investing. I'm your host, Marco Santarelli

You know this is time for another sparse market spotlight. Baltimore, Maryland is the next exciting market that we are entering into. And for those of you that don't know, Baltimore is a very large coastal city located in the state of Maryland. It's actually not that far from Washington DC and it has a core population of about 600,000 and we're going to find out more about that here today as we learn about this market. But it's made up of over 200 neighborhoods. And when you get out into the suburbs, you'll realize that it is actually a very large market. It's also the largest community in the state of Maryland. But what's interesting about Baltimore, I've come to find out it has a very, very large stock of pre-world war II architecture and it makes it one of the older and more historic cities in the country. And I'm actually looking forward to going out there as kind of an educational tour for myself and my family about US history.

But with me today is Zander and Eric, they are our newest trusted local property partners. So welcome to the show guys.

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Thanks Marco. Appreciate it. Nice to, uh, to be on here. Appreciate you having us.

Absolutely. So you know, whenever we open up a new market and then every once in awhile thereafter we kind of have these market spotlights to learn about the market and then update ourselves about the market. So we've been actually having requests for Baltimore interestingly enough. And as we were talking about the market before we started recording here, sometimes there's a little bit of negative stigma with a particular market, but then you come to realize that you have to put everything in context. I like to start off with the most general of questions and that is to ask you guys why would I or anyone want to invest in Baltimore?

Sure. That's a great question, Marco. And I, I think, uh, as we mentioned before, a lot of people paint the entire area, with one brush. I'm actually a lifelong Baltimore resident, so, uh, I can speak from the heart when, when I say and believe in investing here in Baltimore, we've built a substantial run a portfolio ourselves. And needless to say, if we didn't believe in the market, probably wouldn't do that. So it is centrally located. It is really close to DC in a way. We're probably DC's little brother, but that's not a bad thing with the 95 corridors and our proximity to the coast, having the port of Baltimore and then having all the major technology and hospitals and universities that we have here in Baltimore, it is a really strong market and even better rental market from the landlord investor standpoint of view.

So, as I mentioned before, Baltimore has become very popular among investors and there's probably a lot of reasons for that. And one that I'm learning about right now is that it is or has a booming business sector. There's a lot of businesses that are coming in or starting up entrepreneurs or expanding or starting new businesses there. I don't know if you can shed some light or color in that particular part of the market, but what's going on there? What's driving the market?

Sure. Well, it's definitely a couple of different things, but that brings up a key story that's been in development for a few years. Under Armour who owned by Kevin plank, who is a Baltimore native also is actually their development arm.