DC area investing (VA side)

[Peighton Woodard]

Hi all! We are a military family facing a possible PCS to the DC area. I am a licensed Realtor in NC and it seems my license will transfer easiest to VA vs MD.

With all of that being said, as I look at houses in those markets, the prices are insane in comparison to Ft Bragg. Our goal for this year (before the Army decided they may have other plans for us) was to buy our first investment property here. As I look in the DC area market finding an investment property seems impossible!

I would love to connect with agents and investors in the VIrginia DC area market to give me some better insight about the area!!

Thanks!

[Russell Brazil]

@Chris Ayers Yup and thats all part of the risk associated with the asset and market. Yield is a measure of risk, whether in dividends, bonds, real estate. DC, the Market views as a very low risk market. So the yield will be much lower. Places like many cities in the midwest or Baltimore are higher risk, so the yields are higher. Now as typical with a lower risk real estate asset or market is typical higher asset growth, and higher rent growth. Higher risk market may have stagnation on those fronts or more volatility in asset price. The proper strategy in DC is to hold long term, and if one does they will be handsomely rewarded with asset and rent growth. Ive got 1 door that cash flows $1600 a month, but when I bought it a decade ago, I cash flowed about $200 a month. The properties I bought for cash flow a decade ago, havnt budged in rents, and my noncashflow properties throw off more than youd ever be able to find.