Changing Investment Locations- Washington DC and surrounding area

[Cassidy Burns]

Hi BP,

I currently own, 6 properties in a small town of southwest Va, Covington, Va.  The returns are great, and I am very familiar with the area as I grew up there and my mother currently still lives in the area so I have been very pleased with that end of the business.  UNFORTUNATELY, the people/team that I am generating there just seems to be average and with managing out of state it becomes very hard/frustrating/almost not worth the hassle. 

I am looking to start investing closer to my proximity within an hour from Washington DC.  I currently work as a real estate agent in the city and own 1 property that I am house hacking.  Does anyone have any recommendations for potential areas that are within 1 hours driving distance from the city that are good for buy and hold?  

Interested to see what people say!  Thanks in advance BP.

[Ned Carey]

@Cassidy Burns absolutely yes there are good rental areas within an hour of DC. DC would be one. While cash flow may be non existent, appreciation is to be expected, and long run that is where more wealth will come from. 

If you want better cash flow, PG county or Baltimore are great areas. Baltimore does not just mean the city, it could also mean Baltimore county. The county doesn't have as many negatives as the city. I think strictly for cash flow you will do better within the city.