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Updated about 7 years ago,

User Stats

62
Posts
7
Votes
Syed Shah
  • Northern Virginia
7
Votes |
62
Posts

RE Buying for Passive Income Streams

Syed Shah
  • Northern Virginia
Posted

So I have been reading and researching about this REI field and found this website and corresponding youtube channel, very helpful. But wanted to ask you guys a few questions:

1- I am in DC suburb area, since this area is expensive, for passive income(rental property) it's easier to rent out and rents are a lot higher, but prices are high too. Should I buy in DC area or move farther, where of course price is cheaper, but rents are low too? So it's more of a trade off?

2-For a beginner, should a rental property be within 2hrs drive of where I live or really doesn't matter?

3-If I can afford 15 years loan should be safest or it doesn't matter if I do 30 or 15 - fixed ones?

Thanks for all of your help and advice, I am sure I'll have some follow up questions. :)

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