Rehab Investor in Washington DC/Northern Virginia

[Jeffrey Sifen]

Hello Everyone,

I'm a newbie investor from DC/Northern Virginia looking to get my feet wet on a rehab while working full time for a commercial developer. Just recently started reading as much as possible and listening to podcasts to build up knowledge before jumping in. Any ideas on how the rehab market is in my region? Any members have insight into what chronological steps to take for your first property/things to think about?

Thanks

[Adam Stanton]

Justin is right. Inventory is tight around the DC suburbs so you'll need to work harder and be creative to find deals. There's a reason why the Trumps have started investing in property down here for the first time ever, albeit a much much higher price point. However, Virginia is a dynamic state with lots of opportunity all over. Richmond is seeing a population growth for a change, crime rates are down and those I've dealt with like living there, which has not always been the case. Welcome to BP and good luck!