New Member for DC area

[Louis Feldsott]

My name is Louis, and I'm just beginning the learning stage of my real estate path. I've been listening to podcasts and started an audio book. I live in the DC area on the Virginia side, but given the cost of real estate around me, I'm thinking about investing in nearby markets like Baltimore, MD.

I'm excited to learn from all of you as I get started in my RE investing journey!

[Andrew Michael]

Hi @Louis Feldsott and Welcome.

A few things.  First and foremost we are investors so do not count yourself out of your local market because the prices seem out of your range.  No money down deals, partnerships, owner financing, creative strategies; these are all tools we the investor have in our arsenal and need to use especially when getting started.  

In addition, there are really hot flipping markets in your back yard (PG and parts of DC) where flips are being done for relatively low purchase and rehab prices.  I agree the DMV price points can seem quite high but there are deals available at a wide range of price points. 

I would second what @Joshua Velte said.  Make sure to do your homework when entering the Baltimore market.  It can be very tricky down there and thorough due diligence is needed.  Lower price points do not necessarily equal cheaper projects especially when entering a market you do not have a solid grasp of.  

Good luck happy investing.