Jumping in from Washington, DC!

[Lidia B.]

Hello Bigger Pockets community!

I just want to take a moment to introduce myself. I'm a full-time Associate working for a commercial developer in the Washington, DC area looking for the opportunity to translate my RE knowledge, which is currently building someone else's wealth, and become my own Investor/Developer. I'm a huge fan of the BP podcasts and though I work in development, I credit BP with taking my inspiration to the next level and pushing me to pursue my own investments. Prior to RE development, I worked in architecture and construction in New York and Philadelphia, so I guess I've been involved in some aspect of the RE industry for 6+ years.

I'm interested in buy and hold investing and house hacking (for now), and ideally would like to be doing this while continuing to work my current job full time. 

Question for investors in the area: I'm finding it difficult to find good cash flowing deals in this expensive market. Any ideas, tips, food for thought?

Looking forward to the discussions and learning from all of you! 

[Russell Brazil]

Welcome to BP @Lidia B..  DC is primarily a market that investors are looking for appreciation. However if you are interested more in cash flow, some of the places to look are Prince George's County, Frederick MD, or further north closer to Baltimore. Just keep in mind the idea that cash flow properties in this area will have a lower chance of appreciation.  Like everything in life and investing there is always a tradeoff.  Also when the cash flow gets too high in markets like Baltimore or Hagerstown, then you may need to do a risk premium analysis to understand if that increase cash flow is worth the increase in risk.