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Updated over 10 years ago, 06/17/2014
My potential housing adventure
Hello everyone my names Stephen 25 years old and I been reading on the forums for awhile. I am currently relocating back to Northern Virginia from Afghanistan. I been looking at potential real estate to buy and I believe I finally found the house. Real estate in the Fairfax area is generally high and didn't have to much of a dip from the recession.
I feel safer in investing in this are because of the public and govt economy that is intertwined with each other. The house is 75k and its been going down 5k every few months since the start of the new year. I have 94k saved up and I feel pretty good about this even though the house doesn't look spectacular it was built in 2006 and looks remodeled on the inside. Has everything it needs to attract renters.
I emailed the realtor today and there's a few potential things im worried about. They have a HOA, my ability to get renters and whatever inspectors find wrong with the house if I close it. I will be back in the states in 30 days so I will be going through the neighborhood myself.
Any input or comments is appreciated