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Updated about 4 years ago on . Most recent reply

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56
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Muoki Musau
  • Realtor
  • Leesburg, VA
30
Votes |
56
Posts

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

Most Popular Reply

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1,665
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2,339
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Linda S.
  • Investor
  • Richmond, VA
2,339
Votes |
1,665
Posts
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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