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Updated about 5 years ago on . Most recent reply

User Stats

3
Posts
3
Votes
Tommy McEachin
3
Votes |
3
Posts

Trying to Get Started

Tommy McEachin
Posted

Hey, I’m Tommy!

I want to do some real estate investing (multi-units), but there a lot of big-time developers in my area (Washington DC) and the prices are super high!  I currently have about 80k, but I honestly don’t know where to begin. I’ve read articles about investing in cheaper areas out-of-town, but I lived in the DMV my whole life so I’m a little nervous about foreign lands. Can anyone help me out? 🥴

Most Popular Reply

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17,447
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,123
Votes |
17,447
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

DC is amongst the highest demand metro areas in the country, and amongst the lowest risk.  Wouldnt you rather buy where demand is high and risk is low as opposed to where demand is lower and risk is higher?

The easiest path to becoming a multimillionaire is buying as little as a few properties in high demand metro areas like DC, Boston, NY, Seattle, San Fran etc.

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