New member from the DMV (DC, Maryland, Virginia)

[Jerome Brown]

Hello everyone. My name is Jerome and I'm a brand spanking new investor. I'm ready to finallly start my journey by learning as much as I can on the BP website! I am located in the DMV area which consists of DC and the surrounding cities. My main goal is to buy and hold rental properties in order to generate a decent amount of passive income. Since I have never purchased a property I plan on using a FHA loan to buy a Duplex or a SFH with an english basement. This first property will be my place of residence so I'll be living in one of the units or renting out the baement. Im currently living with family rent free which is allowing me save up as much as I can. Right now I am on the hunt for a property but to be honest I dont know much about figuring out a houses value, cashflow potential, and everyting else you need to know in order to know if you've found a good deal. I look forward to speaking with you all! If anyone has any quick tips for me I'd really appreciate them.

[Jerome Brown]

@Russell Brazil

Thanx for the info Russell. I'm looking into the home ready loan now. I also like your statement on "good deals". It's changed my perspective on how I look at properties now.

@Bill Hampton

Thank you Bill. I've been on meetup looking for real estate meetups near me. I'm excited to attend my first one.