All Forum Posts by: Eric L. Burkes

I have (13 months) remaining on a lease of a townhouse I am currently renting. Afterwards, the plan is to utilize my VA home loan to buy a multi-family property. I thought about breaking the lease but then decided the juice is not worth the squeeze. Meanwhile, I am educating myself on REI and analyzing deals for the next year.

I am looking to find a mentor who has carved a path in multi-family & commercial real estate to help build my confidence and investing skills.

I am also open to finding partners in the area to go in on deals with. Potential locations for my first buy preferably somewhere close to where I reside (Virginia, Maryland, or North Carolina). I have set aside funds for a down payment.

Additionally, I have signed-up for a couple of meet-up events in my area to get any advice and insight.

I hope this intro makes sense.

Thanks in advance.

Hey Eric. Congratulations on committing to making moves. I'm outside of Ft. Belvoir and have a few properties here in NOVA (all SFH). House hacking has been my approach here, otherwise the numbers don't really work. Would be happy to connect and chat. I'm former military myself.

V/r,

Jon

Nice to meet you Jon. Great to hear that a fellow VET is out here crushing it! I definitely would like to connect to gain a bit of insight.

0 Votes

Fairfax, Virginia

Quote from @David Cherkowsky:

Hi Eric. I am in Northern Virginia as well and am about to close on my first property. I’d be happy to talk through my (albeit incredibly limited) experiences and connect with someone local.

Hello David, that would be awesome. It would be nice to get an overview the steps you took to acquire your 1st property. Thanks for reaching out.

0 Votes

Fairfax, Virginia

Quote from @Tanner Lewis:

Hey Eric - I'm from Richmond, VA, be happy to connect. I've seen some decent multifamily deals there, but not a lot in NOVA mainly due to the high price points. Have you found any specific markets in which you see good multifamily deals?

Hi Tanner, thank you for your insight into NOVA and Richmond. As of now, I have not pinned down a specific market, I am open in my search. I want my 1st deal to be within a couple of hours driving distance.

1 Vote

Fairfax, Virginia

Quote from @Russell Brazil:

Quote from @Eric L. Burkes: Thank you, Sir for providing me insight into the real estate markets in the D.M.V. area. All information helps!

Hi Bigger Pockets Team,

Eric here from Northern Virginia. I am new to real estate investing. I recently retired from the military and now I am ready to start Chapter 2.

The goal is to build long-term wealth. I am more interested in buy & hold properties. I am interested in multi-family and commercial properties.

I am looking to find a mentor who has carved a path in multi-family & commercial real estate to help build my confidence and investing skills.

Additionally, I have signed-up for a couple of meet-up events in my area to get any advice and insight.

I hope this intro makes sense.

Thanks in advance.

Welcome to BP

Most of the multifamily in the metro area is in DC proper. The Virginia side of the border has only about 4-6 per year that sell on average, with those being almost exclusively on the City of Alexandria and Arlington. Maryland has more than Virginia, but most of them are in Takoma Park, which has very restrictive rent control.

1 Vote

Fairfax, Virginia

Quote from @Wale Lawal:

@Eric L. Burkes

Thank you for the solid advice, I am attending my first meet-up tomorrow.

Welcome to BiggerPockets!

To build trust in real estate investing, start with learning from books and podcasts, online classes, and by joining groups at local events, real estate meetups, and online chats. Look for mentors by reaching out to people in the real estate field, at local gatherings, REI groups, and on Bigger Pockets forums. It's important to learn how to analyze deals, understand the market, figure out financing, and find partners. Make sure to set clear aims for your first buy, lay out a step-by-step plan, and use tools like books, podcasts, online classes, and Bigger Pockets Calculators.

Good luck!

0 Votes

Fairfax, Virginia

Quote from @Robin Simon:

Welcome to BP!

Thank you, Sir.

0 Votes

Fairfax, Virginia

Hi Bigger Pockets Team,

Eric here from Northern Virginia. I am new to real estate investing. I recently retired from the military and now I am ready to start Chapter 2.

The goal is to build long-term wealth. I am more interested in buy & hold properties. I am interested in multi-family and commercial properties.

I am looking to find a mentor who has carved a path in multi-family & commercial real estate to help build my confidence and investing skills.

Additionally, I have signed-up for a couple of meet-up events in my area to get any advice and insight.

I hope this intro makes sense.

Thanks in advance.

2 Votes

Fairfax, Virginia

All Forum Posts by: Eric L. Burkes

Eric L. Burkes has started 1 posts and replied 7 times.

Post: Greetings from Northern Virginia

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Eric L. Burkes has started 1 posts and replied 7 times.

Biggerpockets Logo Post: Greetings from Northern Virginia

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Biggerpockets Logo Post: Greetings from Northern Virginia

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Post: Greetings from Northern Virginia