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Updated almost 4 years ago, 01/26/2021

User Stats

53
Posts
18
Votes
Hunter L.
  • Investor
  • McLean, VA
18
Votes |
53
Posts

Northern Virginia Market Information

Hunter L.
  • Investor
  • McLean, VA
Posted
I'm beginning the process of evaluating different locations to start my portfolio in Northern Virginia, so I thought it would be a good idea to defer to the knowledge of the BP members who invest in this area. I'm currently interested in both multi-family (1-4 units) and single-family buy and hold investments in the Northern Virginia area. My questions for the VA investors on this site are: 1. What are the best areas for multi-family investments? (For each cash flow and appreciation) 2. What are the best areas for single-family investments? 3. What area are you currently focusing on and why are you interested in that area? I look forward to learning from your expertise!

User Stats

149
Posts
52
Votes
Donald Capwell
  • Rental Property Investor
  • Mesa, AZ
52
Votes |
149
Posts
Donald Capwell
  • Rental Property Investor
  • Mesa, AZ
Replied

@Hunter L., where are you in relation to your search in Fredericksburg?  Did you get the information you need?

@Nick Ye

@Nick Ye, @Joel Huff, I live and invest in F-burg.  You can DM me to discuss deals that come your way, or just to chat... Actively looking for A/B properties only at this time, mid-range price point. 2/1, 3/1, and 3/2's.

@Eddy Dumire

@Eddy Dumire, we still need to hook up when your schedule allows!  ;).  

User Stats

246
Posts
83
Votes
Eddy Dumire
  • Investor
  • Stafford, VA
83
Votes |
246
Posts
Eddy Dumire
  • Investor
  • Stafford, VA
Replied

@Donald Capwell absolutely.  I've been so slammed with trying to get two houses ready for the rental market and still working my full time job also that I haven't had a minute to spare.

Maybe we should get some lunch and I'll give you a tour of my Mayfield house.

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User Stats

149
Posts
52
Votes
Donald Capwell
  • Rental Property Investor
  • Mesa, AZ
52
Votes |
149
Posts
Donald Capwell
  • Rental Property Investor
  • Mesa, AZ
Replied

@Eddy Dumire - Sounds good!  DM me... Maybe I can help with something...

User Stats

5
Posts
3
Votes
Marc Knapp
  • Washington, DC
3
Votes |
5
Posts
Marc Knapp
  • Washington, DC
Replied

I am a Wholesaler operating out of NOVA and lately Manassas. My marketing campaign is working and the phone is ringing I just need a reliable buyer. I am looking to expand my buyers list especially in the Manassas area. I focus on SFR and I will my buyers deals at 60-65% ARV - repair cost estimate + my assignment fee. Please reach out if this sounds interesting. Thanks.

User Stats

328
Posts
101
Votes
Carson Sweezy
  • Rental Property Investor
  • Fairfax, VA
101
Votes |
328
Posts
Carson Sweezy
  • Rental Property Investor
  • Fairfax, VA
Replied

@Marc KnappHey Marc I have several investors looking for deals in different areas, drop me a message!

User Stats

53
Posts
18
Votes
Hunter L.
  • Investor
  • McLean, VA
18
Votes |
53
Posts
Hunter L.
  • Investor
  • McLean, VA
Replied

Sorry about the late response, I haven't been on BP in a while!

@Jessica Swingle Thanks for all the info, it's appreciated! When I get back in the area, I'll e-mail you about your list of meetup groups.

@Donald Capwell I'm about an hour and a half north of Fredericksburg. I have all the information I need at the moment but thanks for taking the time to respond. I'm sure I'll have more questions about the area in the future.

User Stats

53
Posts
18
Votes
Hunter L.
  • Investor
  • McLean, VA
18
Votes |
53
Posts
Hunter L.
  • Investor
  • McLean, VA
Replied

@Moe Rehman Hey Ali, it seems that most of the Northern VA markets aren't great cash flow markets. I haven't been very active in searching the past couple of months mostly due to a busy schedule.

What types of properties are you interested in?

User Stats

1,355
Posts
1,321
Votes
Levi T.
  • Rental Property Investor
  • Tucson AZ
1,321
Votes |
1,355
Posts
Levi T.
  • Rental Property Investor
  • Tucson AZ
Replied

Don't know how I missed this thread. You can find deals, you just have to go off market, and work for it.

Seen a off market deal roll by for 300k on a house in Alexandria a few weeks back, it went quick. ARV was like 600k if I remember right.

Talked to a guy a few weeks ago in Fredicksburg that was selling a portfolio of SFH, 800-1,000sqf each, for 150k each. Rents where in the $900-$1,200 mark. not that great of a deal, but a few jumped on it.

I wrapped up a string of townhouses this Friday for 60k each, rents are $950. 

Working on a deal out pass  Charlottesville for 1.2m 24 unit, as well as a 9 unit apartment, and some townhouses for 80k each, locally.

You just have to do some digging.

User Stats

92
Posts
52
Votes
Cesar Rebolledo
  • Flipper/Rehabber
  • Largo, FL
52
Votes |
92
Posts
Cesar Rebolledo
  • Flipper/Rehabber
  • Largo, FL
Replied

These post are amazing. Thanks everyone for contributing and sharing some insight.

User Stats

53
Posts
18
Votes
Hunter L.
  • Investor
  • McLean, VA
18
Votes |
53
Posts
Hunter L.
  • Investor
  • McLean, VA
Replied

Will anyone be at the Caza meetup in Reston on Tuesday (6/7)?

User Stats

92
Posts
52
Votes
Cesar Rebolledo
  • Flipper/Rehabber
  • Largo, FL
52
Votes |
92
Posts
Cesar Rebolledo
  • Flipper/Rehabber
  • Largo, FL
Replied

Hunter, if I can make it out of work on time I was thinking about going to the CAZA meet up tomorrow in Falls Church

User Stats

7
Posts
1
Votes
Cate Mee
  • Investor
  • Milwaukee, WI
1
Votes |
7
Posts
Cate Mee
  • Investor
  • Milwaukee, WI
Replied

Hi Jessica my husband and i are relocating to the Fredericksburg area in the fall.  We would love the contact info for your realtor / investor.  We would like to purchase something that needs rehabbing in the area for some sweat equity. 

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User Stats

5
Posts
0
Votes
Ghulam Rasoul R.
  • Ashburn, VA
0
Votes |
5
Posts
Ghulam Rasoul R.
  • Ashburn, VA
Replied

Has anyone invested or know about the STRASBURG area? It is at the end of 66 and close to 81.

User Stats

8
Posts
1
Votes
Mark Sirianni
  • Residential Real Estate Broker
  • Washington, DC
1
Votes |
8
Posts
Mark Sirianni
  • Residential Real Estate Broker
  • Washington, DC
Replied

Hey guys I'm new to BP but have  been in Real Estate for almost 15 years.  There are properties that have cashflow in NOVA much closer to DC than Strasburg as long as you care putting 20% down.  There is always a trade off of cashflow vs. liquidity and most properties in NOVA can be sold in a few weeks.

DC/Nova is not an entry level market and you have to be VERY creative if you are working with limited cashflow.  Multi-Family here is not something you are going to get into with 50k.  There are opportunities for Multi-Family in Alexandria but you need to be in the market for 12-15 Units.

User Stats

13
Posts
2
Votes
Andrea Heintzelman
  • Lender
  • Alexandria, VA
2
Votes |
13
Posts
Andrea Heintzelman
  • Lender
  • Alexandria, VA
Replied

Jessica - I would be interested in a list of meet-up groups and their contact information for the NOVA area.  I do not do Facebook, so please do not send me there.  I'm in Alexandria and interested in becoming a private money lender.

User Stats

329
Posts
137
Votes
Ben McMahon
Pro Member
  • Contractor
  • San Diego CA
137
Votes |
329
Posts
Ben McMahon
Pro Member
  • Contractor
  • San Diego CA
Replied

Ghulam Rasoul Rezai
I'm in the Wild West out here investing in front royal, strasburg and Winchester.

  • Ben McMahon
  • User Stats

    11
    Posts
    1
    Votes
    Derek Hutchison
    • Investor
    • Blacksburg, VA
    1
    Votes |
    11
    Posts
    Derek Hutchison
    • Investor
    • Blacksburg, VA
    Replied

    77

    User Stats

    11
    Posts
    1
    Votes
    Derek Hutchison
    • Investor
    • Blacksburg, VA
    1
    Votes |
    11
    Posts
    Derek Hutchison
    • Investor
    • Blacksburg, VA
    Replied

    Michael Jackson's &mh,njn

    User Stats

    13
    Posts
    2
    Votes
    Ryan Allday
    • Investor
    • Manassas, VA
    2
    Votes |
    13
    Posts
    Ryan Allday
    • Investor
    • Manassas, VA
    Replied

    @Logan Snyder, are you still active in Winchester? We are looking to start investing in that area this year.

    User Stats

    13
    Posts
    2
    Votes
    Ryan Allday
    • Investor
    • Manassas, VA
    2
    Votes |
    13
    Posts
    Ryan Allday
    • Investor
    • Manassas, VA
    Replied

    @Ben McMahon, I'd love to buy you a coffee here soon and discuss Winchester and Front Royal markets. I just moved to Prince William County last year from Hampton Roads, and needless to say, the market is very different. My GC and I are looking to expand out west into your market areas, and would love to meet up with you for a bit! Let me know brother.

    User Stats

    6
    Posts
    3
    Votes
    Jade Henderson
    • Real Estate Agent
    • Sterling, va
    3
    Votes |
    6
    Posts
    Jade Henderson
    • Real Estate Agent
    • Sterling, va
    Replied

    Hi, Ryan.  By any chance, did you ever get to do that coffee meeting with Ben McMahon?  If not, I would love to join you both!  I am a real estate agent/investor in NOVA and am looking to meet up with people investing in Northern Virginia.  I really would like to find out the strategies investors are using here.  Hope you all reply.

    User Stats

    19
    Posts
    3
    Votes
    Jenn Kinchen
    • Realtor
    • Reston, VA
    3
    Votes |
    19
    Posts
    Jenn Kinchen
    • Realtor
    • Reston, VA
    Replied

    @Marc Knapp  Please add me to your NoVa buyers list. I am trying to look for not-a-ton-of work properties in this area. Thanks!

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    User Stats

    4
    Posts
    0
    Votes
    Jen Khan
    • Arlington, VA
    0
    Votes |
    4
    Posts
    Jen Khan
    • Arlington, VA
    Replied

    @Hunter L. just bringing this back up - what area did you decide to invest in?

    Thanks to everyone who contributed to this post, found some great information on the NOVA market. While I am late to the game, I am looking to invest in my first buy and hold property. I have a VA loan and plan to do a house hack. From responses on this thread, it seems Fredericksburg is a big contender for Cash Flow and Appreciation.

    Are there any other areas others would recommend looking into (in today's market)? 

    Thanks in advance!

    User Stats

    53
    Posts
    18
    Votes
    Hunter L.
    • Investor
    • McLean, VA
    18
    Votes |
    53
    Posts
    Hunter L.
    • Investor
    • McLean, VA
    Replied

    @Jen Khan on the buy and hold side - PG County, MD