<img load="lazy" src="https://upload.wikimedia.org/wikipedia/commons/0/0a/Flag_of_Allegany_County%2C_Maryland.png" alt="Image of townhomes in Allegany County Maryland MD">

## Important factors to consider

<br>

When evaluating a property manager there are several important factors that you need to consider other than their monthly fees to make a good decision. While monthly fees are important, renewal fees and leasing fees are a key consideration, sometimes other services property managers provide might be well worth above average fees. Consider reviews and what others have to say about about their experience with each property manager before moving forward and signing a contract. Do your research!

<br>

Here are additional factors that you should take into the account:

<br>

- Staff on call and available 24/7 in Allegany county
- How quickly they address maintenance issues
- Do they have an extensive list of contractors in Allegany county
- Do they have a large team of professionals in Allegany country to server as back ups
- How many years of experience do they have in Allegany county, managing rental in different locations sometimes calls for additional skills
- Do they have a competitive rate for Allegany county? If their rate is higher what justifies that? If its lower, is it because they lost clients and need to discount their service?
- Are they locally operated in Allegany county? Proximity to your rental property is key to providing best property management service. 
- Do they collect rent in person in Allegany county or do they have more sophisticated tool to handle rent collection?
- Why tenant services do they provide?
- Are there other top property management companies Allegany county?
- Will they find tenants Allegany county?
- Will they post house listing Allegany county?
- Will they evict tenant Allegany county?
- Do they have good testimonials from other landlords Allegany county?
- Will they quickly find tenants Allegany county?
- Do they have decades of experience Allegany county?
- Will you get updates on your property Allegany county?

- Do you feel comfortable entrusting you investment property Allegany county to this property management company Allegany county after having an interview with them?

<br>

## Questions to ask a potential property manager

<br>

Below you will find a list of interview questions you must ask a potential property management firm before agreeing to hire them to manage your property. These questions will help you identify a good firm and set expectations from day one. Make sure to note their responses so you have an easy way to compare between candidate firms that you interview. Remember you are the client, they will manage and represent you to your tenant, this is a key to being a successful landlord, so no questions are off limits to help you figure which company is the right fit. If any of the responses rub you the wrong way, make sure to note that down and always go with your gut feeling. If something is wrong in this early stage, then its more than likely additional problem will follow, especially when you are not in the room and the firm engages with your tenant directly. Imagine loosing a long term tenant because property management firm didn't do a good job maintaining your property, this is a scenario these questions will help you avoid. Best property management companies Allegany county should have easy time giving you solid answers for below questions. 

<br>

1. How do you determine the rent for each property?

2. Can I cancel my management contract?

3. Are there any miscellaneous fees?

4. Do you offer direct deposit for your owners?

5. How long are your properties typically vacant?

6. What experience does your company owner have in managing rentals?

7. Do you offer eviction warranty (screening guarantee)?

8. Do you handle all types of rental maintenance issues?  

9. How many rentals do you manage in Allegany county? 

10. What services do you offer your clients?

11. Why should I choose you over other best property management companies Allegany county? (this is another great open ended question that might reveal more about the company that you didn't anticipate)


<br>

Below you will find a list of top rated property management companies Allegany county. Identifying the top property management firm in Allegany county will take research. Make sure to talk to company representatives, interview them with the questions we provide below and read reviews. This process is paramount in identifying the best firm that will address all of your landlord needs and justify their monthly fees while keeping your tenants happy. 

<br>

## Aspried Property Management 
<img load="lazy" src="https://cms.offermarket.us/uploads/logo_624eff1285.jpeg" alt="aspried Property Logo">

<br>

<b>Description</b>: Aspired Property Mgmt was formed by Dayna May and Stephanie MacDonald, and has grown to be one of the top property management companies in the Cumberland, MD area. We provide complete property management solutions to individuals.  With Aspired Property Mgmt, you can count on outstanding service and a great deal.﻿﻿ <br>

<b>Website</b>: [http://www.aspiredpm.com/](http://www.aspiredpm.com/)<br>

<b>Google Rating:</b>: [4.1](https://www.google.com/search?tbs=lf:1,lf_ui:14&tbm=lcl&q=allegany+county+property+management+companies&rflfq=1&num=10&sa=X&ved=2ahUKEwj145ustIz0AhWyq3IEHaRhCLEQjGp6BAgREGI&biw=1792&bih=885&dpr=2#lrd=0x89ca8ec3eb1105ef:0xfc4f184f31d7d405,1,,,&rlfi=hd:;si:18180776949135692805,l,Ci1hbGxlZ2FueSBjb3VudHkgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI4bPVmOCrgIAIWkEQAhADEAQYAhgDGAQiLWFsbGVnYW55IGNvdW50eSBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoECAMQApIBG3Byb3BlcnR5X21hbmFnZW1lbnRfY29tcGFueZoBJENoZERTVWhOTUc5blMwVkpRMEZuU1VSeGEwdFlTakpuUlJBQqoBJRABKiEiHXByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKAA;mv:[[40.0035152484711,-75.07462071384359],[38.45045571372316,-78.84293126071859],null,[39.23128177837616,-76.95877598728109],9])<br>

<b>Google Reviews</b>: [21](https://www.google.com/search?tbs=lf:1,lf_ui:14&tbm=lcl&q=allegany+county+property+management+companies&rflfq=1&num=10&sa=X&ved=2ahUKEwj145ustIz0AhWyq3IEHaRhCLEQjGp6BAgREGI&biw=1792&bih=885&dpr=2#lrd=0x89ca8ec3eb1105ef:0xfc4f184f31d7d405,1,,,&rlfi=hd:;si:18180776949135692805,l,Ci1hbGxlZ2FueSBjb3VudHkgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI4bPVmOCrgIAIWkEQAhADEAQYAhgDGAQiLWFsbGVnYW55IGNvdW50eSBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoECAMQApIBG3Byb3BlcnR5X21hbmFnZW1lbnRfY29tcGFueZoBJENoZERTVWhOTUc5blMwVkpRMEZuU1VSeGEwdFlTakpuUlJBQqoBJRABKiEiHXByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKAA;mv:[[40.0035152484711,-75.07462071384359],[38.45045571372316,-78.84293126071859],null,[39.23128177837616,-76.95877598728109],9])<br>

<b>Phone</b>: (301) 777-3033﻿<br>

<b>Address</b>: Aspired Property Mgmt, 216 N. Mechanic St, Suite #5, Cumberland, MD 21502<br>

<b>Property Management Monthly Fee</b>: [Request to find out](http://www.aspiredpm.com/contact/)<br>

<b>Leasing fee</b>: [Request to find out](http://www.aspiredpm.com/contact/)<br>

<b>Lease renewal fee</b>: [Request to find out](http://www.aspiredpm.com/contact/)<br>

<br>

## Alleghany Property Management

<br>

<b>Description</b>: A property manager in Cumberland Maryland <br>

<b>Website</b>: [https://www.alleganypropertymanagement.com/](https://www.alleganypropertymanagement.com/)<br>

<b>Google Rating:</b>: [3.7](https://www.google.com/search?tbs=lf:1,lf_ui:14&tbm=lcl&q=allegany+county+property+management+companies&rflfq=1&num=10&sa=X&ved=2ahUKEwj145ustIz0AhWyq3IEHaRhCLEQjGp6BAgREGI&biw=1792&bih=885&dpr=2#lrd=0x89ca8ec19076e45d:0x9dc4050d3033be2b,1,,,&rlfi=hd:;si:11368216913591385643,l,Ci1hbGxlZ2FueSBjb3VudHkgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI2ZP63ueAgIAIWkMQAhADEAQYABgCGAMYBCItYWxsZWdhbnkgY291bnR5IHByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKgQIAxACkgEbcHJvcGVydHlfbWFuYWdlbWVudF9jb21wYW55qgElEAEqISIdcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMoAA;mv:[[40.0035152484711,-75.07462071384359],[38.45045571372316,-78.84293126071859],null,[39.23128177837616,-76.95877598728109],9])<br>

<b>Google Reviews</b>: [3](https://www.google.com/search?tbs=lf:1,lf_ui:14&tbm=lcl&q=allegany+county+property+management+companies&rflfq=1&num=10&sa=X&ved=2ahUKEwj145ustIz0AhWyq3IEHaRhCLEQjGp6BAgREGI&biw=1792&bih=885&dpr=2#lrd=0x89ca8ec19076e45d:0x9dc4050d3033be2b,1,,,&rlfi=hd:;si:11368216913591385643,l,Ci1hbGxlZ2FueSBjb3VudHkgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI2ZP63ueAgIAIWkMQAhADEAQYABgCGAMYBCItYWxsZWdhbnkgY291bnR5IHByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKgQIAxACkgEbcHJvcGVydHlfbWFuYWdlbWVudF9jb21wYW55qgElEAEqISIdcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXMoAA;mv:[[40.0035152484711,-75.07462071384359],[38.45045571372316,-78.84293126071859],null,[39.23128177837616,-76.95877598728109],9])<br>

<b>Phone</b>: (240) 362-7223﻿<br>

<b>Address</b>: 300 Columbia St, Cumberland, MD 21502<br>

<b>Property Management Monthly Fee</b>: [Request to find out](https://www.alleganypropertymanagement.com/)<br>

<b>Leasing fee</b>: [Request to find out](https://www.alleganypropertymanagement.com/)<br>

<b>Lease renewal fee</b>: [Request to find out](https://www.alleganypropertymanagement.com/)<br>

<br>

## Landmark Property Management

<br>

<b>Description</b>: A property management company in Cumberland Maryland <br>

<b>Website</b>: No website<br>

<b>Google Rating:</b>: [4.0](https://www.google.com/search?tbs=lrf:!1m4!1u3!2m2!3m1!1e1!1m4!1u2!2m2!2m1!1e1!2m1!1e3!2m4!1e2!5m2!2m1!2e8!3sIAE,lf:1,lf_ui:14&tbm=lcl&q=allegany%20county%20property%20management%20companies&rflfq=1&num=10&sa=X&ved=2ahUKEwj145ustIz0AhWyq3IEHaRhCLEQjGp6BAgREGI&biw=1792&bih=885&dpr=2&fll=39.63577783723377,-78.93694346368393&fspn=0.34371726790995183,0.94207763671875&fz=11&sll=39.63577783723377,-78.93694346368393&sspn=0.34371726790995183,0.94207763671875&sz=11&rlfi=hd:;si:&rlst=f#lrd=0x89ca8ed9b4f7bbd9:0x58d7ee4c8e87c3a5,1,,,&rlfi=hd:;si:6401847407906636709,l,Ci1hbGxlZ2FueSBjb3VudHkgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI9P2b0uWAgIAIWkEQAhADEAQYAhgDGAQiLWFsbGVnYW55IGNvdW50eSBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoECAMQApIBG3Byb3BlcnR5X21hbmFnZW1lbnRfY29tcGFueaoBJRABKiEiHXByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKAA;mv:[[39.80763647118874,-78.46590464532456],[39.46391920327879,-79.4079822820433]])<br>

<b>Google Reviews</b>: [1](https://www.google.com/search?tbs=lrf:!1m4!1u3!2m2!3m1!1e1!1m4!1u2!2m2!2m1!1e1!2m1!1e3!2m4!1e2!5m2!2m1!2e8!3sIAE,lf:1,lf_ui:14&tbm=lcl&q=allegany%20county%20property%20management%20companies&rflfq=1&num=10&sa=X&ved=2ahUKEwj145ustIz0AhWyq3IEHaRhCLEQjGp6BAgREGI&biw=1792&bih=885&dpr=2&fll=39.63577783723377,-78.93694346368393&fspn=0.34371726790995183,0.94207763671875&fz=11&sll=39.63577783723377,-78.93694346368393&sspn=0.34371726790995183,0.94207763671875&sz=11&rlfi=hd:;si:&rlst=f#lrd=0x89ca8ed9b4f7bbd9:0x58d7ee4c8e87c3a5,1,,,&rlfi=hd:;si:6401847407906636709,l,Ci1hbGxlZ2FueSBjb3VudHkgcHJvcGVydHkgbWFuYWdlbWVudCBjb21wYW5pZXNI9P2b0uWAgIAIWkEQAhADEAQYAhgDGAQiLWFsbGVnYW55IGNvdW50eSBwcm9wZXJ0eSBtYW5hZ2VtZW50IGNvbXBhbmllcyoECAMQApIBG3Byb3BlcnR5X21hbmFnZW1lbnRfY29tcGFueaoBJRABKiEiHXByb3BlcnR5IG1hbmFnZW1lbnQgY29tcGFuaWVzKAA;mv:[[39.80763647118874,-78.46590464532456],[39.46391920327879,-79.4079822820433]])<br>

<b>Phone</b>: (301) 777-0551﻿<br>

<b>Address</b>: 917 Gay St, Cumberland, MD 21502<br>

<b>Property Management Monthly Fee</b>: Call to find out, (301) 777-0551<br>

<b>Leasing fee</b>: Call to find out, (301) 777-0551<br>

<b>Lease renewal fee</b>: Call to find out, (301) 777-0551<br>

<br>




Landlords in Allegany county, pay attention. This list of Allegany county property management companies are highly rates and get business done, verified.

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Allegany County Property Management Companies - OfferMarket

Allegany county property management companies that get it done

<br>

**Last updated:** April 3, 2024

<br>

![Wichita Kansas DSCR Loan](https://cms.offermarket.us/uploads/Wichita_Kansas_DSCR_Loan_c6dceba056.jpg)

<br>

Kansas presents an appealing market for rental property investors, with DSCR loans emerging as a preferred financing option for both purchase and refinance transactions. Whether you're a seasoned investor or just entering the rental property market, securing your growing portfolio's financing is made simpler with DSCR loans.

<br>

Given our experience funding DSCR loans in Kansas, these are the cities we are most impressed with:

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
  <thead>
    <tr>
      <th>City Name</th>
      <th>Median Home Price</th>
      <th>Median Rent Price</th>
      <th>Population</th>
      <th>Population Growth Rate</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>Wichita</td>
      <td>$182,500</td>
      <td>$$1,450</td>
      <td>397,000</td>
      <td>1.2%</td>
    </tr>
    <tr>
      <td>Overland Park</td>
      <td>$418,682</td>
      <td>$2,250</td>
      <td>198,000</td>
      <td>2.5%</td>
    </tr>
    <tr>
      <td>Kansas City</td>
      <td>$175,000</td>
      <td>$1,500</td>
      <td>155,000</td>
      <td>0.8%</td>
    </tr>
    <tr>
      <td>Olathe</td>
      <td>$385,000</td>
      <td>$2,000</td>
      <td>145,000</td>
      <td>3.0%</td>
    </tr>
    <tr>
      <td>Topeka</td>
      <td>$172,500</td>
      <td>$1,150</td>
      <td>126,000</td>
      <td>0.5%</td>
    </tr>
    <tr>
      <td>Lawrence</td>
      <td>$285,000</td>
      <td>$1,600</td>
      <td>98,000</td>
      <td>1.8%</td>
    </tr>
  </tbody>
</table>
</div>

<br>

## What is a DSCR Loan?

<br>

DSCR, or Debt Service Coverage Ratio, essentially measures cash flow. It represents the cash flow generated by your rental property above the monthly mortgage payment. A DSCR of 1.0 indicates a break-even scenario, while a DSCR below 1 signals a monthly loss before considering additional expenses. Conversely, a DSCR above 1.0 signifies positive cash flow.

<br>

![DSCR Formula Interest Only](https://cms.offermarket.us/uploads/DSCR_Formula_Interest_Only_9bcd6c02ff.jpg)

<br>

Competitive DSCR loan terms usually require a DSCR of 1.1 or higher, with a DSCR of 1.2 necessary for those with credit scores below 720.

<br>

## Kansas DSCR Loan Rates

<br>

Kansas DSCR loan interest rates align with the national average. OfferMarket's [DSCR Loan Interest Rates Index](https://www.offermarket.us/blog/dscr-loan-interest-rates) tracks prevailing rates. You can also [get an instant DSCR loan quote](https://www.offermarket.us/loans?ref=blog-dscr-loan-kansas) tailored to your property and borrower profile.

<br>

<div style="position: relative;width: 100%;overflow: hidden; padding-top: 100%;">
<iframe style="position: absolute;top: 0;left: 0;bottom: 0;right: 0;width: 100%; height: 100%;border: none;" seamless frameborder="0" scrolling="yes" src="https://docs.google.com/spreadsheets/d/e/2PACX-1vRJPw1fYWqj_5mdlNBrD5MLne_ApqpOXlNmkmNE_sZfPgsbn9pU0mWUenEO1x6WE9237S7jzaQE2Hig/pubchart?oid=262687025&amp;format=interactive"></iframe>
</div>
<br>

<br>

## DSCR Loan Pros and Cons

<br>

![DSCR Loan Pros and Cons](https://cms.offermarket.us/uploads/DSCR_Loan_Pros_and_Cons_49f694af9d.jpg)

<br>

### Pros

<br>

1. **Low doc, no income verification:** DSCR lenders in Kansas typically do not require W2s, pay stubs, or tax returns, making them suitable for self-employed investors.
2. **Availability of capital:** while DSCR loan origination volume is growing, it struggles to meet demand from institutional investors. Competitive credit spreads make DSCR loans attractive.
3. **Competitive interest rates:** with the prime rate -- the rate at which leading banks are lending money to prime borrowers -- at 8.5%, DSCR loan rates are significantly more competitive.

<br>

### Cons

<br>

**New industry with noise:** The growing DSCR loan industry in Kansas has attracted mortgage brokers and private lenders not specialized in DSCR loans, potentially setting wrong expectations.

<br>

**Risk of poor borrower experience:** limited experience among DSCR lenders may lead to challenges in structuring loans to meet unique goals and funding timelines.

<br>

**Uncompetitive terms:** Some mortgage brokers and lenders may charge uncompetitive interest rates and fees, emphasizing the importance of careful lender selection.
Kansas DSCR Loan Requirements

<br>

## Loan requirements in Kansas for DSCR loans

<br>

[DSCR loan guidelines](https://www.offermarket.us/dscr-loan) are straightforward which means it is easy to get funding as long property and borrower guidelines are met.

<br>

**Loan application:** a simple e-sign authorizing the lender to run a credit report and order an appraisal.

<br>

**Borrowing entity:** DSCR loans are business purpose loans, typically requiring an LLC, Corporation, or Trust as the holding entity.

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Document</th>
    <th>Entity Type</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>Articles of Organization</td>
    <td>LLC</td>
  </tr>
  <tr>
    <td>Articles of Incorporation</td>
    <td>Corporation</td>
  </tr>
  <tr>
    <td>Operating Agreement</td>
    <td>LLC</td>
  </tr>
  <tr>
    <td>Bylaws</td>
    <td>Corporation</td>
  </tr>
  <tr>
    <td>Trust Agreement</td>
    <td>Trust</td>
  </tr>
  <tr>
    <td>Certificate of Good Standing</td>
    <td>LLC, Corporation, Trust</td>
  </tr>
  <tr>
    <td>Foreign Entity Registration</td>
    <td>LLC, Corporation, Trust -- if entity and property are in different states</td>
  </tr>
</tbody>
</table>
</div>

<br>

**Credit score:** a personal guarantee from members representing at least 51% ownership is needed, with the lowest guarantor's middle score on a [Tri Merge Credit Report](https://www.offermarket.us/blog/what-is-a-tri-merge-credit-report) determining maximum LTV and minimum DSCR.

<br>

![Tri Merge Credit Score](https://cms.offermarket.us/uploads/Tri_Merge_Credit_Score_141ea5b38b.png)

<br>

In the example above, the qualifying credit score of 732 is used to determine maximum LTV and minimum DSCR. It is hard to understate just how important credit score is if you want to qualify for the highest possible LTV.

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Document</th>
    <th>Max LTV, Purchase</th>
    <th>Max LTV, Cash out refi</th>
    <th>Minimum DSCR</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>720+</td>
    <td>80%</td>
    <td>75%</td>
    <td>1.1</td>
  </tr>
  <tr>
    <td>700 - 719</td>
    <td>80%</td>
    <td>75%</td>
    <td>1.2</td>
  </tr>
  <tr>
    <td>680 - 699</td>
    <td>75%</td>
    <td>70%</td>
    <td>1.2</td>
  </tr>
  <tr>
    <td>660 - 679</td>
    <td>65%</td>
    <td>60%</td>
    <td>1.2</td>
  </tr>
</tbody>
</table>
</div>

<br>

**Bank account statements:** Liquidity verification involves reviewing your two most recent monthly statements to ensure sufficient reserves for down payment, closing costs, and mortgage payments. A common question is whether you need to use the borrowing entity's bank account for liquidity verification and the answer is no -- you can use personal bank account, brokerage account, retirement account, insurance policy cash value and 1031 exchange escrow account statements.

<br>

** Rent and Security Deposit Receipt:** If the property is leased, the original lease and any renewal leases must be provided, along with verification of security deposits.

<br>

<div style="display: grid; grid-template-columns: repeat(1, minmax(0, 1fr)); overflow: auto; white-space: nowrap;">
<table>
<thead>
  <tr>
    <th>Document</th>
    <th>Maximum Vacant Units</th>
  </tr>
</thead>
<tbody>
  <tr>
    <td>Single family</td>
    <td>1</td>
  </tr>
  <tr>
    <td>Duplex</td>
    <td>1</td>
  </tr>
  <tr>
    <td>Triplex</td>
    <td>1</td>
  </tr>
  <tr>
    <td>660 - 679</td>
    <td>2</td>
  </tr>
</tbody>
</table>
</div>

<br>

## Common Underwriting Issues for Kansas DSCR Loans

<br>

**Landlord insurance:** elevated risk of loss due to natural disasters may result in higher landlord insurance premiums which reduces DSCR. [OfferMarket Insurance](https://www.offermarket.us/insurance?ref=blog-dscr-loan-kansas) is an insurance rate shopping platform build specifically for rental property investors that need landlord insurance policies that meet DSCR loan insurance guidelines cost effectively.

<br>

**Flood insurance:** required for properties in FEMA Special Hazard Flood Zones, it can increase processing time and reduce DSCR.

<br>

**Rural property designation:** DSCR loan guidelines are strict when it comes to properties that are [considered rural](https://www.offermarket.us/blog/rural-designation-search-tools) -- DSCR lenders will generally not allow rural properties to be funded, and those in gray areas will require a time consuming exception and and often a significant reduction in LTV.

<br>

## Kansas DSCR Loan Summary

<br>

In summary, Kansas offers a promising landscape for rental property investment, with DSCR loans providing an efficient financing option. However, understanding and navigating the specific challenges and requirements of the Kansas market is essential for success.

<br>

DSCR loans are gaining popularity in Kansas, becoming a preferred financing option for rental property investors looking to expand their portfolios.

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DSCR Loans for Rental Property Investors in Kansas

DSCR Loan Kansas

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*This writeup was provided by an OfferMarket homeowner selling their [turnkey rental property](https://www.offermarket.us/real-estate-glossary/turnkey-rental-properties) at [5655 Harbor Valley Dr, Brooklyn Park, MD 21225](https://www.offermarket.us/listings/5655-Harbor-Valley-Dr-Brooklyn-Park-MD-21225-USA)*

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## Buy On The Path To Progress

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Sounds catchy, but what does it mean? To buy on the path to progress... 

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The greatest hockey player, Wayne Gretzky famously said:

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## *I skate to where the puck is going, not where it has been.*

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The best deals are where large investment, population trends and home sales trends are signaling that an area will likely be significantly more attractive in the near future than the present. If you strategically buy real estate where economic development is happening, you will de-risk your investment and likely end up with above average returns from both a cash flow and appreciation perspective.

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This concept is similar to Warren Buffett's contrarian value investing philosophy which was covered by our sister site: [Real Estate Blogs](https://realestateblogs.us/2020/10/03/warren-buffett-real-estate-contrarianism/)

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Speaking of Warren Buffett, his value investing philosophy is perfectly aligned with our view of correct way to treat real estate investments. Focus on [locking in value at entry (buying at an attractive price)](https://www.offermarket.us/frequently-asked-questions/when-is-the-best-time-to-buy-a-house) and long term horizon (never sell mentality) is paramount in getting successful outcomes. 

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## Brooklyn Park, MD: Smack Dab In The Middle Of The Path To Progress

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This property in Brooklyn Park is less than 10 minutes away from Port Covington and all of the future development that is going to take place there. It’s supposed to be something like TomorrowLand, or Harbor East on steroids. Also, the trip from Brooklyn Park might get shorter after they complete the planned bridge from Brooklyn to Port Covington. Sources: [Port Covington Tomorrow](https://pc.city/development/#under-development), [Goldman Sachs Urban Investment Group, TIF Funding](https://www.southbmore.com/2020/06/22/port-covington-development-approved-for-148-million-in-tif-bonds-construction-to-resume-this-fall/)

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Giant property developer, Bozzuto, recently developed and now manages [Woodfall Greens](https://www.woodfallgreens.com/), Brooklyn Park’s first ever luxury apartment complex. It was completed in 2018, with 230 luxury units. It is less than a mile from the subject property at Harbor Valley Dr.

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Ryan Homes, the largest homebuilder in the Mid-Atlantic, is currently developing a luxury townhome community in Brooklyn Park, [Cedar Hill Townhomes](https://www.ryanhomes.com/new-homes/communities/10222120151368/maryland/brooklyn-park/cedar-hill-townhomes), again just a few minutes away from the subject property. This Ryan Homes development is expected to be over 100 townhomes with prices starting in the $300s.

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The city of Baltimore is planning for a complete renovation of the waterfront along Cherry Hill and Brooklyn (as well as Westport and Port Covington). They’re going to turn these waterfront areas into parks, walking trails, bike paths, and green space. The plan includes a new bridge to connect Brooklyn to Port Covington. This development plan also includes turning the Hanover Street Bridge into a pedestrian/bike path, with parks and green space on either side. Sources: [Middle Branch Waterfront Master Plan](https://www.southbmore.com/2020/06/09/middle-branch-waterfront-master-plan-aims-to-turn-hanover-street-bridge-into-a-park/)

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Northeast Maglev is planning to build a high-speed train line between D.C. and Baltimore, with the Baltimore station being developed and located in Cherry Hill—the proposed location for the station is just 3.5 miles, or an 8 minute drive from the property at Harbor Valley. [15 Minutes from Baltimore to Washington DC on Northeast Maglev - South Bmore](https://www.southbmore.com/2020/08/04/high-speed-maglev-train-hopes-to-build-baltimore-station-in-cherry-hill/)

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Some local non-profits have teamed up to create a bike path and pedestrian foot trail connecting the BWI trail in Linthicum Heights to the Gwynn Falls Trail in Cherry Hill. This trail will link the Baltimore & Annapolis Trail and the BWI Trail to the South, with the Gwynn Falls Trail to the North, that goes up to Baltimore City. This trail will pass right through Brooklyn Park, and within 200 yards of the property at Harbor Valley Dr. [Middle Branch waterfront in South Baltimore is getting face-lift - Baltimore Sun](https://www.baltimoresun.com/maryland/baltimore-city/bs-md-middle-branch-20190531-story.html)

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JP Morgan Chase just opened the very first banking center in Cherry Hill—ever!
[First bank in Baltimore's Cherry Hill neighborhood to open - WBALTV](https://www.wbaltv.com/article/first-bank-baltimore-cherry-hill-jp-morgan-chase/30569948)

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Baltimore City Recreation and Parks announced in September 2020 the construction of the Middle Branch Fitness and Wellness Center at Cherry Hill and its adjacent multi-purpose, state-of-the-art playing field at Reedbird Park slated to open in 2022. [Baltimore Rec & Parks announces Cherry Hill Reedbird Park to become 'Super' Rec Center - Fox Baltimore](https://foxbaltimore.com/news/local/baltimore-rec-parks-announces-cherry-hills-reedbird-park-to-become-super-rec-center)

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### Full deal overview: [6% Cap Rate Turnkey Rental Property at 5655 Harbor Valley Dr, Brooklyn Park, MD 21225](https://www.offermarket.us/listings/5655-Harbor-Valley-Dr-Brooklyn-Park-MD-21225-USA)

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Learn how investing along the path of progress in Brooklyn Park, MD, Anne Arundel County can yield great returns in real estate investment.

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Buy On The Path To Progress: Brooklyn Park, MD - OfferMarket

Buy On The Path To Progress: Brooklyn Park, MD

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

Summary

Columbia, MD Villages

Facts

Nearby attractions

Major employers

Sources

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<iframe src="https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d98949.10602358506!2d-76.93512247331915!3d39.193822933398934!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x89b7dfb06369a051%3A0xf0d6bd65b687635d!2sColumbia%2C%20MD!5e0!3m2!1sen!2sus!4v1613539694185!5m2!1sen!2sus" width="600" height="450" frameborder="0" style="border:0;" allowfullscreen="" aria-hidden="false" tabindex="0"></iframe><br>

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## Summary

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Columbia is the first planned community in the United States. Columbia is a collection of 10 villages unified under the Columbia Association. Columbia, MD is uniquely located in the center of the Baltimore-Washington DC corridor.

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## Columbia, MD Villages

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- Dorsey’s Search
- Harper’s Choice
- Hickory Ridge
- Kings Contrivance
- Long Reach
- Oakland Mills
- Owen Brown
- River Hill
- Town Center
- Wilde Lake

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## Facts

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- Population: 103,991
- Population trend: growing
- County: Howard County
- ZIP: 21044, 21045, 21046
- Area Code: 443
- Nearest airport: BWI
- Median household income: $108,352
- Median home value: $378,300
- Owner-occupied housing unit rate: 74%
- Home price forecast: +7.5%
- School district: Howard County Public School System
- OfferMarket School Rating: 8/10

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## Nearby attractions

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- BWI Airport (17 min, 16.9 miles)
- Ellicott City (11 min, 8.5 miles)
- Downtown Baltimore (24 min, 21.4 miles)
- Silver Spring, MD (25 min, 18 miles)
- University of Maryland, College Park (26 min, 21.1 miles)
- Washington, DC (37 min, 31.5 miles)
- Rockville, MD (29 min, 24 miles)
- Bethesda, MD (29 min, 21.4 miles)
- Towson, MD (30 min, 27.5 miles)

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## Major employers

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1. Johns Hopkins University Applied Physics Laboratory (5,000)
2. Lorien Health Systems (2,000)
3. Howard County General Hospital (1,827)
4. Howard Community College (1,428)
5. Verizon (1,346)
6. Leidos (1,195)
7. Oracle MICROS Systems (1,052)
8. Coastal Sunbelt Produce (1,050)
9. Giant Food (1,050)
10.Wells Fargo (842)  

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## Sources

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- [U.S. Census Bureau](https://www.census.gov/quickfacts/fact/table/columbiacdpmaryland/PST045219)
- [Maryland Department Of Commerce](https://commerce.maryland.gov/Documents/ResearchDocument/MajorEmployersInHowardCounty.pdf)

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Columbia, MD is a planned community centrally located between Washington, DC and Baltimore. There's more to learn about Columbia, MD real estate at OfferMarket.

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