New Investor in Northern Virginia

[Jared Rohlfs]

Hey All!

I'm a relatively new to real estate investing, but trying to learn more.  I am most interested in rentals, and I currently rent rooms in my primary residence, and purchased a rental townhouse.  I went into the townhouse with the idea of minimizing interest and rushing to own it outright as soon as possible, which seems to be the opposite of a lot of strategies I see. 

I'm interested in learning more, specifically about how to find the best deals. I'm open to partnering, and I'm really curious to hear about any success anyone else has found in rentals in the area, as the ratios just seem really tough around here (ie. I don't think I've ever seen a deal that suits the 2% or 1% rule).

Thank you! :)

Jared

Locations: Reston, Herndon, Fairfax County, Loudoun County, Arlington, Alexandria, Ashburn, Leesburg, Oakton

[Joaquin Camarasa]

@Jared Rohlfs every one has a different approach on how to handle leverage depending their risk tolerance.

As you mention, 2% rule it is impossible to find in NoVa and 1% rule it is almost impossible as well. Typically, you want to aim for at least being cashflow neutral which if you research properly the market you should be able to find.

As for finding good deals, network, network, network and focus on specific areas and try to track them daily.