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Updated about 1 year ago, 11/29/2023
MTRs in NoVa - What's working? Where to look?
Hello All,
My name is Aaron Dixon and I've been investing in real estate for about a year now with a LTR in Tampa, FL. Since purchasing that property I've dug into hours upon hours of podcasts and books from BiggerPockets and have grown very fond of the MTR strategy. (I'm currently reading the 30 Day Stay).
From my understanding, based on the data found on Furnished Finders, there's a large need for more MTRs within NoVa. While I'd love to own something in my hometowns of Fairfax or Arlington I've yet to find a property on the MLS that comes close to providing positive cash flow. That said, I've begun leaning into looking off-market and exploring creative financing.
It'd be much appreciated to get some insight from any current MTR operators (and investors in general) on what they've found successful and where they believe there may be opportunities for investment.
Thanks!