Have you thought about investing in property in the northern Virginia area? Here's some general advice to follow.
Where's a good place to invest in real estate in northern Virginia?
Northern Virginia is a challenging market for investors if you're looking to buy and hold a property. There are some pockets in the area where you can possibly buy and hold an investment property—typically we look to buy one of these homes with 15% down with a 15-year loan to be paid off by your tenants. If the numbers make sense, it's a great idea.
If you're looking to invest in real estate, I would consider buying in Maryland. If you're a Virginia resident and you invest in Maryland, understand that when you sell, there will be an extra out-of-state tax. There are also a lot of opportunities in outlying areas; go down 66 and 95 to see these kinds of places.
If you want to learn more about investing in property, feel free to reach out to me or attend one of our investor workshops on the last Wednesday of each month. Just send me an email or give me a call and I'd be happy to give you some more info.
Finally, thanks to Justin Hall for the great question. We're sending a $25 gift card your way for submitting it!
I look forward to helping you soon.