Help finding first rental in Virginia

[Joe Ko]

Hi there 

I'm looking to start REI journey. I'm looking for my first investment and totally lost and discouraged.

I live in Northern Virginia. I can't find ap TH or SFH that's under 250k. For 150k and under can buy a house in a sketchy areas in Baltimore or Richmond.

I see posts on bigger pockets investors buying duplexes or SFH under 100k all the time. I don't know how people find those.

I need some guidance, how can I find a house reasonably priced. Or do I need to consider investing out of state?

thanks

[Nathan Gesner]

Quote from @Joe Ko:

The price of a single-family home in North Virginia is $523,000. In Kansas City it's $225,000. Different markets have different property values. If you can't afford anything in North Virginia, down downgrade you standards and by in the bad neighborhoods. Look in a different market.

Property values jumped across the nation in the last two years and everyone - even experienced investors - are struggling to find investments that cashflow like they did three years ago. You are not in this alone. It's time to learn what a good investment is in today's market and where to find those deals, then start looking.

Are you listening to the podcasts? David Greene talks about this quite often.