Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on .

User Stats

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

Looking for a first rental property

Syed Shah
  • Northern Virginia
Posted

So, I am based out of Northern Virginia and property around here is expensive and positive cash flow is definitely a challenge, unless it's done right.

Looked at this article, very very helpful:

https://www.biggerpockets.com/blogs/10145/68178-to...

But have several questions 

1- For local investment, since VA is big, can other parts of VA a good option for a rental, especially ones which have a college/university? Like Charlottesville, Richmond, etc...

2- If not VA, can having a rental out of state be a challenge at times? In terms of PM company, contractors and all... Of course, a question for experienced out of state investors.

3- I am also closely following this thread, with a wealth of information:

https://www.biggerpockets.com/forums/311/topics/51...

4- Any local(DMV) area investors, please feel free to PM or comment. Because, I would appreciate their advice and input :)

5-  Zillow and Redfin sort of places are a good start for hunting a place or do you guys use any other websites too?

6- Also, is it good for a newbie to have a RE license for VA, so that it can help in acquiring houses? Or not really important.

Thank you all for your feedback, Syed.