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Updated about 4 years ago on . Most recent reply

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Muoki Musau
  • Realtor
  • Leesburg, VA
30
Votes |
56
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Driving for Dollars in High-Priced Virginia

Muoki Musau
  • Realtor
  • Leesburg, VA
Posted

I live in Loudoun County in Northern VA, avg price point is ~500k for a SFH and I am starting to drive for dollars.

Just curious for those that do/have done this:

- how do you approach this practice in areas where there aren't really any borded-up properties or "visibly distressed" properties?

- my investing strategy is buy/hold and BRRRR which I think works in this market because I'm making more long-term plays.

- have you found a deal/deals in a high priced market and can share the details?

FYI I'm a new investor so I'm still in the planning phase. I am still researching and part of that is coming to BP and masterminding with others. My goal is to get my first property in 2021.

Thanks all. Happy Monday

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Linda S.
  • Investor
  • Richmond, VA
2,345
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1,668
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Linda S.
  • Investor
  • Richmond, VA
Replied

@Muoki Musau,

I'd strongly recommend getting outside of northern VA.... VA itself has a lot to offer! Find military bases, as it essentially locks down a transient population. Check out the Tri-cities, which is south of Richmond, Hampton roads, Roanoke or I've been hearing some things about Blackstone VA!

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