welcome guy,  I'm a wholesaler located in Norfolk, VA but also work NOVA, and the rest of the dc metro area.  

This is clearly not enough cash to buy a condo outright here in NoVA.

I am going to be selling a property in No VA later this month and I want to make sure to speak with my agent about the changes.  

@Eric Yi Welcome to BP and NoVA.

I think it would be nice if NOVA (Northern Virginia) had a place as a sub-forum.  

I am in the NOVA (Northern Virginia Area) and been looking at possibly doing a 203k to do a semi live in flip.

Honestly, this site and the podcasts are excellent ways to get a variety of opinions on a given topic to help you narrow your focus and start designing your business model.I am still on the hunt for my first flip <fingers crossed I am looking at a property tomorrow> but NOVA is challenge as I learned our foreclosure rates are really low.  

One thing to consider is flood insurance (if you are in NOVA you don't have to think about it a lot) but in Hampton Roads/ VA Beach it can add up.  

If it helps, I have NOVA clients that shop in areas closer that are MUCH cheaper.

I'm looking at northern Virginia (NOVA) specifically Fairfax County and/or Alexandria and 3/2s are about $450k and rent for #2200 leaving a negative cashflow of -$400 to -$600.Any suggestions?