Taking the plunge: Newbie - Woodbridge, Virginia near Quantico

[Sean Sullivan]

Hi everyone on here! Here goes nothing…

Quick but relevant info:

-Military so I move around every three years.

-Looking to start building a network in the area (and just in general), bounce ideas off others, and just talk property.

Where I am on my investment journey:

-Bought, lived in, renovated, and sold a 1 bedroom, 1 bath condo in San Diego and came out of that deal with enough to “trade up” and procure my first apartment home here with the intent to “house hack” and start with a roommate. Looking to renovate the basement to add additional revenue after that is complete. While I am working on that internal project I am building up the resources to get my first “investment pure” rental by the end of the year.

-Over the last year I have intensified my studying and reading in an attempt to flush out my initial strategy more fully with the plan to take the first actionable steps towards this upon getting out here. Well that time is upon me… About half-way through all the BP Podcasts, and have been reading every blog post and book I can get my hands on!

-Currently in the process of researching surrounding markets and identifying the best choices (inputs encouraged!)

Future Strategy:

-Looking to invest outside the local area where the price points are lower and more "entry-level". Interested in both Single Family and Multifamily Homes (1-4 units) to start out with a BRRR concept in mind.

You could read the material for the rest of your life and never know everything there is to know, however the concepts have started coming together for me now and I am feeling a little more confident about taking that first real step! Looking forward to meeting everyone around here (social distancing in mind of course)!