Investing in Multifamily in Virginia

[Sid Sriram]

I'm relocating to McLean Virginia, and I figured this would be the perfect opportunity to begin building my real estate portfolio. interested in investing in the McLean or Arlington, Virginia areas. Since this will be my first property, I want to house-hack using an FHA loan since I don't have much to put it as a down payment.

Has anyone else purchased multifamily properties in the area? Would love to connect with real estate agents from the area or other investors who have done something similar!

[Russell Brazil]

Originally posted by @Bryan Mitchell:

@Russell Brazil is active in the area and may be able to help you better understand the market.

 Thanks for the tag.

Virginia has limited options on multifamily with only about 4 per year selling on average. Starting price is typically $1m for a dumpy place. Most multifamily that exists in the metro area is in DC proper in Kingman Park, Trinidad, Ivy City, Deanwood, Amacostia neighborhoods with a few here and there throughout the city