All Forum Posts by: Joseph Bisaillon

Continue renting. Why lock yourself down to one area while you are in college. What if you graduate and get offered an amazing job across the country? I wouldn't consider purchasing while having limited funds AND being in college.

I agree @Ned Carey, I think my best option is to stick to market close to me. Baltimore right now is on the top of my list. Hopefully in the coming months I will have a better handle on the area and it's opportunities, thanks for the insight!

Originally posted by @Russell Brazil:

Welcome to BP @Joseph Bisaillon. Cheaper isnt always better.  I invest primarily in the DC metro area, and I do pretty well right here.  There are plenty of people who do invest in areas like Baltimore that are cheaper.....but I think that is just a mirage that people are drawn to.  These ultra cheap markets carry quite a bit of risk. I am very risk averse, so I prefer to invest in the safer DC market and it's suburbs.

Thanks @Russel Brazil ! I would strongly consider investing in the DC area. But, the cost to entry right now is way past my starting capitol. I think after I gather a few "cheaper" properties I may one day trade those out for less risky property in the DC metro area. I can do a FHA loan in the DC area for my personal property. I would love for my primary to be a multi-unit but the inventory is just so unbelievably low.

Hello, I'm a new investor from the NoVA area. I just closed on my first investment property in Tampa, FL (20k Down, 5k closing, 80k price). I am saving up cash as I work a full time job to build my portfolio. I was thinking of investing in the Dallas, TX area (turn-key or rehabs) but would prefer to invest in a county that I can drive to near NOVA (anywhere within 3 hours drive). My strategy is to invest in SFH or multi-units valued between 40-100k hoping to follow the BRRRR strategy.

My biggest issue is finding a market that fits that price range and contains good rentals. I was thinking Philadelphia / Baltimore / Richmond? Let me know if anyone has any suggestions!