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All Forum Posts by: Leticia Otero

Leticia Otero has started 4 posts and replied 15 times.

Post: First rental property: DC, MD or VA?

Leticia OteroPosted
  • New to Real Estate
  • MD
  • Posts 15
  • Votes 8

@James G. How did that go? Did you went there to check the property out? Where you familiar with the area or had any friend or relatives to help you make the decision? Did you use a company? I am definitively interested in learning how that process is

Post: First rental property: DC, MD or VA?

Leticia OteroPosted
  • New to Real Estate
  • MD
  • Posts 15
  • Votes 8

@Leo Watts I live in Clinton, MD...but looking to invest in VA where I used to live

Post: First rental property: DC, MD or VA?

Leticia OteroPosted
  • New to Real Estate
  • MD
  • Posts 15
  • Votes 8

@Tim Robinson thanks for that detailed explanation! 
@Jeremie Torres I agree, I only focused on the worst case scenario, but of course there is much to learn about each market.

Definitively I will do more research before any move... thanks for all the wonderful advices!    

Post: First rental property: DC, MD or VA?

Leticia OteroPosted
  • New to Real Estate
  • MD
  • Posts 15
  • Votes 8

Wow! Thanks for the advices and opinions! Very helpful 😃🙏🏻. Chris, how bad of a % in return do you think I could aprox have? Since this will be my very first investment i would like it to be in a state where at least I’ve lived on 😅(so i have an idea of the demographics)...I’ll look into other options though. Thanks to all! 

Post: First rental property: DC, MD or VA?

Leticia OteroPosted
  • New to Real Estate
  • MD
  • Posts 15
  • Votes 8

Newbie and ready to invest in my first rental property! It's scary! Every "friend" and family member has something to say about location and that now is not the right time...I've been told that the best of the 3 is VA because the laws are better for property owners (easier and faster eviction)...is this true? What are the pros and cons of these states? I am looking for a turnkey property. I will really appreciate all the advices and opinions I can get! Thank you BP community!