All Forum Posts by: Aaron Dixon

Hey @Allen Duan,

Curious to hear what you've found in your research. I occasionally think of buying property in RVA instead of NoVa simply because it's more affordable.

 Thanks for the insight, @Jamie Banks!

While it is likely due to my own naivety, I'm surprised Reston is working as a location for an MTR. My assumption is that it's too far from DC and most major medical facilities. (Don't get me started on the toll road or Leesburg Pike).

Arbitrage isn't my first choice. Ideally, I'd purchase near Merrifield but as I'm sure you're aware that's not the cheapest. With that said, I've been looking closer to Annandale.

I'm open to researching any suggestions you may have!

Thanks for the feedback @Russell Brazil. Would it be safe to assume the tenets in these locations are federal employees? If so, do those tenets tend to come in from Furnished Finder and the like, or are leads generated elsewhere? 

The cost of entry is troublesome as I've never attempted to pull together funding from any private or HML. I'll admit it's a bit nerve-racking and unsure where it would make sense outside of finding a property in need of some value add and refinancing to repay the lender.

Hello All,

I've been searching in Northern VA for some time now to find a property as a primary residence to rent out as an MTR during my own travels. If you're from the area you know NoVA isn't the easiest place to traditionally buy.

I have a storage unit full of good-quality furniture that I'd love to make use of (and save on that monthly bill). I've been aware of the concept of AirBnB Arbitrage and recently put 2-and-2 together that arbitrage should work with a MTR as well.

Happy to hear any thoughts and stories on the strategy!

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!

Thank you all for most of the insight over the last week. I’ve been reading all of them. I feel much more at ease about continuing to invest.

If you didn’t catch it BP recently published this Tampa market analysis.

Thanks again!

Hello All,

I’ve been living in Charlotte the last 3 months with my girlfriend while she works a nursing contract . We’ve really grown to love it here. So much that I’m now looking to  invest in the area. I realize prices are noticeably higher than they were a few years ago, however, there’s no projection of this slowing down. 

In an ideal world I'd love to house hack a small multi-family within a reasonable distance to either of the hospital systems to eventually use as an MTR. The issue I'm coming across is that many of the properties I'm finding on the MLS are NW near 85 which I understand are "opportunity zones". Unsure if those areas would do well.

Would love to get some thoughts and ideas on where to look, who to talk to, and how to make this possible. 

Thanks to all!

Hey All,

A family friend of mine has instilled the fear of Tampa as a whole being a poor long term investment due to Sea Level Rise (SLR). It seems without a significant investment into preventative measures Tampa and the surrounding area will lose much of its value amongst other things. 

While I bought my first property in Riverview this time last year I’m now hesitant to even continue analyzing properties. Simply looking to get others thoughts on the matter. 

Thanks to all!