Is it realistic to buy real estate in the DMV area for sub-300?

[Chelsea Jean-Mary]

Hello,

I'm new to the DC MD VA area and am looking to buy this year. I have $17k saved and have a tech sales job with $95k salary (80% base salary = $76k, 20%+ = bonuses and commission). I'm learning from forums like these to keep my housing costs less than 1/3 of my salary. Is it possible to buy something decent in this area for less than $300k? Feel free to share your experiences.

[Chris Coleman]

@Chelsea Jean-Mary yes, you can find properties for under $300K.

Extend your search out into Prince William County, Fauquier, and down I-95 toward Stafford in NOVA.

Depending on your strategy, it can be a challenge to find good cash flow. You will likely need to buy low and do some renovations. But not necessarily distressed BRRRR.

There are plenty of investor-friendly realtors in the DMV who can help you find the right property.