Looking for rental property down the road - interested in Fredericksburg, VA

[Huiya Xiao]

I joined BiggerPockets 5 or 6 years ago, but never pulled trigger on a rental property because of analysis paralysis and lack of education I guess. I looked at some townhouses near Lake Ridge, VA area even before that, but didn't buy any (regret:).

I recently caught the bug of real estate investing again, and really like the idea from Brandon Turner about searching for opportunities within 2-hour driving radias. I live in Herndon, VA, and by that criteria I'm looking at towns and cities like Fredericksburg and Winchester VA, Martinsburg WV, and PG, Anne Arundel county and Baltimore MD. I'll be looking for rentals with relatively good cash flow (good Rent to Price radio) and appreciation (secondary goal).

Understanding the challenging market condition currently, I'll probably wait until the market picture clears out a little bit and the numbers make more sense. In the meantime, I'd like to reach out to the BP community and connect with any real estate agents and contractors active in the areas mentioned.

Happy to be part of the BP community (again), and look forward to learning and contributing more here.