Areas to Invest in Northern Virginia?

[Aj Parikh]

To all the investors in Northern Virginia, which zip codes/cities are you targeting for buy and hold or flipping? Which areas are seeing the best appreciation? Can I find something under 250k which can get me an After Repair Value of $300k? Looking forward to hearing from investors and rookie investors like me.

[David Fernandez]

Hey @Aj Parikh!

For SFH and THs, at that price point, you can find some properties in Centreville-Manassas, Hybla Valley - Mt. Vernon, and Woodbridge - Dumfries. Inventory is low, but if that is your price point and are committed to NOVA, I'd look into these areas. Be ready to move quickly. If you want to go a bit further, you will find more opportunities in the Fredericksburg area or in Prince Georges County if you cross the river.

If you want to consider condos, there are plenty in Arlington - Alexandria within your price range. Condos and SFH/THs behave differently in the long run and under the same market conditions, so something to consider if you are thinking about holding long term.

Good luck!

David