Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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,

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.