Updated almost 3 years ago on . Most recent reply
Need market recommendations
Looking for my first rental investment property and I need some advice. I’m currently in Loudon county and I was thinking to make an investment somewhere closer to where I live, an hour or two hours driving is fine. But anything eastwards DC is very expensive and will not result in any cash flow. As it’s my first investment I want to keep my budget under 200k. Considering this are there any areas that I can find properties in this budget and make sure the property is rented out. The numbers are not working out for Herndon, Reston, Fairfax as it will be a negative cash flow. Hence I started considering out of state like silver spring Maryland, Colombia ohio and Raleigh. Any suggestions here? I would love to connect to folks in the area as to what they are doing. Please leave a comment
Most Popular Reply
Second for Baltimore if you're looking for a good investment under $200k, but please reach out to @Tim Jacob or another local expert. Baltimore is a tricky city and the numbers (ARV, rent rates, appreciation) can vary significantly if you just go a few blocks in a different direction. We here in the Baltimore market have seen way too many out of state investors get burnt because they don't know their comps.