New Member/invester from Montgomery County MD
Hi all,
Been lurking on the site for a couple days now and finally decided to introduce myself.
My name is Kelly Melrose and I live in Gaithersburg, MD with my wife and baby girl in our single family home. We currently own a condo that cash flows but for the amount of equity tied up, I know I can do a lot better. I'm going to dive into real estate investment, sell the condo and use that equity and hopefully buy 5 or 6 other properties that cash flow.
The issue that I have and I'm sure that other real estate investors in this area have is that for the price of real estate, it is hard to make a decent ROI off of rentals in the Washington Metropolitan area. Saying that, I'm most likely going to invest out of state/area. Any suggestions on some good rental markets in the US?
I know I have a lot to learn and hope to share those experiences with the rest of the biggerpockets community.
Talk to you all later