Looking to learn in the Washington D.C. area

[William G.]

Hello BP, 

I've read some of the books (BP and others), listened to some podcasts, and am zeroing in on a workable strategy to buy and hold (waffling between single family and small multi-family to start).  If one thing is clear, it is that you cannot play this game on your own. I'm hoping to use BP as an avenue to learn the basics, exchange ideas with the community, and meet some folks along the way. 

I live in the D.C. area and would ideally like to start acquiring properties in the area, but recognize that without partner(s), it may prove difficult to get started. That said, I know that the BP forums are filled with people who have overcome similar situations and taken positive steps towards building wealth in the real estate market.  I look forward to joining the conversation. 

[Russell Brazil]

Originally posted by @Darlene Hinman:

Russell-just for my clarification--you say there is a need for 2-4 unit properties--and not to focus on multi-family. Are 2-4 units not considered multi family? im simply truing to understand the language used for the unit size. i understand the term "single-family residence" but is 2-4 units something else & not "multi-family?" thanks for any clarification. im confused. ( i dont want to sound like a newbie when I talk with professionals)

 2 to 4 unit multifamily homes are ones that can be financed with a conventional Fannie Mae or Freddie Mac loan. The DC area does not have many of these types of properties. 5 plus units multifamily es are considered commercial property and must have commercial loans used on them.