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Updated about 9 years ago,
Newbie from Northern VA (NOVA) / DC Metro
Hello, I'm a new investor from the NoVA area. I just closed on my first investment property in Tampa, FL (20k Down, 5k closing, 80k price). I am saving up cash as I work a full time job to build my portfolio. I was thinking of investing in the Dallas, TX area (turn-key or rehabs) but would prefer to invest in a county that I can drive to near NOVA (anywhere within 3 hours drive). My strategy is to invest in SFH or multi-units valued between 40-100k hoping to follow the BRRRR strategy.
My biggest issue is finding a market that fits that price range and contains good rentals. I was thinking Philadelphia / Baltimore / Richmond? Let me know if anyone has any suggestions!