HOW TO FIND A WINNING PROPERTY

HOW TO FIND A WINNING PROPERTY

Arlington, VA · Member since 2015 · 2 posts · 2 votes

Hello Team!

I've been lurking on this forum for a couple monhts now and can finally say I've made my first step to building wealth! 

I went ahead and purchased a short sale in Stafford VA and have already rented it out to a high income family. Super exciting stuff and the return is pretty nice (Roughly $350 bucks a month. Wish it was a little higher but for my first investment property I'm happy).

As we all know this game can be addicting and I'm already looking at purchasing my next property. My question is, how do I go about finding other strong rental neighborhoods close to me? I'm looking for houses that are located near good school districts and can cashflow similar to the house I just purchased. They also need to be no more then 60 miles from my current location (Arlington VA)

Is there any type of platform out there that can help with this or is it just based off of the research I put in? If research, what tools can I use other then craigslist and zillow? 

Also, if I were to choose to go further then my 60 mile radius, what should I do? I live in one of the most expensive areas and would be open to spreading out. 

Thank you guys and I'm so glad I joined this network!!

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  • Stafford, TX · Member since 2016 · 37 posts · 11 votes
    10y

    Congratulations on your first deal!!! The fact that you're bringing in positive cash flow on your first deal is fantastic.

    I think (if you wouldnt mind) you should share some of the story of how you made your first deal. Like what type of property, how you found it, how you funded it, what work you had to do to it, finding a tenant.....all the ups and downs of the process. 

    I think it wold be really interesting and informational for the rest of us aspiring investors and landlords.

    Again, Congrats and keep up the good work.

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