All Forum Posts by: Matthew Eisenman

Thank you for that insight Seth and Jacob!

I am definitely going to expand my market research. 

Jacob - Did you invest in the Mid-West while living in VA? Did you buy sight unseen? I'd really like to learn more about investing out of state.

Hello BP Community,

This is my first post, so please call me out if this is the wrong forum. 

I am 25, currently living in Washington, D.C.. With my girlfriend (we will be engaged by October ;), paying an egregious amount for rent, I make right under $50k, and have about $10,000 saved up for making an investment / move. 

I have been studying up the passed 6 months on the world of real estate, specifically with the goal of creating passive income and long term wealth. 

I have been looking at buying rental properties down in Harrisonburg, Va around the JMU campus (my alma mater) to crack a student housing niche. However, I also have been looking into Ashburn, Va market. I found a nice townhouse for $300k, close to where the new metro line will be built. My thought process is buy a $300k townhouse, build my equity, continue to save, then invest into rentals later through a HELOC. Or continue renting and invest in a student housing market down by JMU - properties I could afford are 4 unit condos, cash flowing about $300 a month. Save money, learn, and grow a portfolio.

BP community, do you have any advice for me? 

Thank you!!

Matt