Trying to invest in DC Maryland Virginia area

[Kal Wol]

Hello all, a newbie here.

I am trying to see the markets and be able to invest in the greater DMV area. I live around and would like to invest in buy and hold for rental properties. 

What areas are really good focus as far rent is concerned. Also interested to know what kind of banks are more friendly to investors in this area? 

Thanks a lot.

[Jason Wray]

Kal,

Based on what I am seeing is out of your states Virginia seems to be doing fairly well versus DC and Maryland. DC & Maryland have some chunky home prices where in VA you can still stretch your dollar a little further.

Take a look at Indiana and Ohio they have some great STR and LTR options in and around Dayton and just outside Carmel in IN.

If you are looking for a good investment friendly program I would check out a Portfolio program. It allows you to put less down with lower rate if you have good to fair credit with 15% down with No Prepays. Avoid DSCR if you can show income or at least 1 year W2 or 1099's only because the rates and down payments are higher.