Where to Start (location wise)

[Fatimah Wilson]

Happy New Years Bigger Pockets! I have a dilemma and Im hoping someone could give me some insight as to where (as in location) I should start my Real Estate journey. Im very interested in the BRRRR strategy of small Multi Family properties (2-4 units). My dilemma is I live in DC where the multi family inventory is very small and the inventory that is there is WAY out of my budget. Baltimore which is about 45min-1 hr away has the inventory and within a price range I can afford (sub 100K). Im wondering should I stay in my current apartment and buy a multifamily in Baltimore or just pack up and move to Baltimore where I could live in one of the units but the commute to my job which is in Arlington VA would pretty much be a nightmare

Another alternative is to BRRRR a condo in DC as Ive seen a few on Fannie Mae Homepath website and continue to rent my 1 bedroom. FYI handling the mortgage of the condo during the rehab would be a strain but I think is doable with the combined income of my fiance and I. Any and all advice is very much appreciated.

Best

[Brittani Grant]

Michael Solomon
I'm new and gearing up to get started in the DMV area as well. From watching the forum and looking at the market here, duplexes and triplexes are very few and far between in this area. That's not to say they don't exist, but because there are so few it's very difficult to find one on the market and if you do, there is typically steep competition thus driving up the price.

It was my original intention to try house hacking in the area through small multi family dwellings, but now I'm trying to learn about more methods that may be more suitable to this location.