I own just at $8mm in real estate here across 25 or so properties and am an agent.

In Arlington County, VA, the real estate market has seen notable changes from January 2024 to January 2025:Listings: The number of listings increased by 39, a 19.7% rise, from 198 to 237.Listed Median Price: The listed median price went up by $17,400, showing a 2.25% increase, from $772,500 to $789,900.Units Sold: The number of units sold increased by 2, a 1.59% increase, from 126 to 128.Sold Median Price: The sold median price decreased by $54,250, an 8.38% decrease, from $647,500 to $593,250.Summary: An increase in listings indicates a rise in supply year over year.

Q1: Great points, we'll need to have a detailed operating agreement that outlines an agreed approach to all potential outcomes.

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

Quote from @Elwin Green: I seek financing options for the first and third Rs of my first BRRRR project.I have a 2BR house under contract, and have funds available to close (about $32K).Of course, the house needs the first R - Rehab.Is there a lender here who would lend $20K-$25K against a free and clear property for rehab that would raise its value from $34K to $72K (per an appraisal in January)?

We use Sun Title and Michigan Investment Title.

What should I be looking at when trying to consider an appropriate offer (especially if I can't see the property since I'm investing out of state)?

I blindly invested in an overpriced 3BD SFH in Cahokia Heights, IL April 2024 and have been carrying costs since then!

An extra $2,000 or $2,500 is not ideal, but you can rectify the problem once and for all.

I found an area I felt comfortable living in and I bought a house with an FHA loan.