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Updated over 7 years ago on . Most recent reply
I live in Washington DC,which state/city should I look to invest?
Hi everyone, it's my first post.
I'm looking to to start investing in rental properties. My only RE experience so far was buying my primary residence in Washington DC last year.
Are there any areas within 3-4 hours driving range from my home where it's reasonable to buy my first rental property? My budget is $50-100k in cash, and my goal is 9% ROI. Since I'm out of state, I'm looking for properties that are already fixed up or flipped. I also won't be able to manage it myself.
Thanks! Any suggestions would be appreciated!
Most Popular Reply
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Baltimore is close to you, right? There's some insane things going on there right now. I can shoot you some details if you want to message me. Fits your budget too. Other than Baltimore...hmmm, thinking of east coast...Philly was hot, Baltimore for sure, and then not much else right there. Charlotte and Atlanta would be the next closest markets I think but not in that drive time range and returns there have gotten squished in recent years.