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Updated about 7 years ago,
Looking for a first rental property
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.