New Investor in the DMV

[Sidney Williams]

Hello! I am new to BiggerPockets and real estate investing. I have been watching YouTube videos, listening to podcasts, and trying to analyze some deals to learn the basics. I am a recent college graduate and working a corporate sales job. It pays well but I want to build a business myself. My long-term goal is to build a portfolio of properties and attain financial freedom so I can coach swimming. 

I would love to connect with anyone in the DVM area. I am primarily interested in the buy-and-hold strategy. It seems like the BRRR method would be the best way to go about it. I want to get started but I am struggling to figure out the next step beyond analyzing (definitely in analysis paralysis).

[Jack Seiden]

Quote from @Sidney Williams:

Hello! I am new to BiggerPockets and real estate investing. I have been watching YouTube videos, listening to podcasts, and trying to analyze some deals to learn the basics. I am a recent college graduate and working a corporate sales job. It pays well but I want to build a business myself. My long-term goal is to build a portfolio of properties and attain financial freedom so I can coach swimming. 

I would love to connect with anyone in the DVM area. I am primarily interested in the buy-and-hold strategy. It seems like the BRRR method would be the best way to go about it. I want to get started but I am struggling to figure out the next step beyond analyzing (definitely in analysis paralysis).

 As someone who used to flip and I say used to purposely the increase in labor costs and the narrowing of margins has made it to purchase+rehab is often more money than buying turn, same situation would apply with brrring. Than I would say the next question is really hashing out your personal goals, wherever you buy it’s gonna be a 3-5 year commitment so make sure it’s a place you want to be and if you aren’t ready to commit somewhere for that long frankly you are better off renting (which in full disclosure is what I ended up personally doing). I would say all things being equal I think the best “deals” right now are probably the areas on ne dc next to the pg border, so Brentwood, Riggs park, Woodridge, Michigan park etc. Feel free to reach out with any other questions!