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Updated almost 8 years ago on . Most recent reply

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Ryan Gilroy
  • Rockville, MD
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Where should I begin?

Ryan Gilroy
  • Rockville, MD
Posted

I plan on moving back to the D.C., Maryland, and Virginia area beginning in 2017, and am not sure yet where the best place to move will be.  Because I can start wherever (as long as I can commute to D.C. ) I would like to live in the the area where I am investing.  Any suggestions on where it might be easiest or best to begin?  I know this is a very general question but I am really just looking on some advice to point me in a direction for me to then do my own research.  

Thank You!

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Craig Curelop
  • Real Estate Agent
  • Post Falls, ID
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Craig Curelop
  • Real Estate Agent
  • Post Falls, ID
Replied

@Ryan Gilroy - I am not too familiar with the D.C. market. However, I would suggest talking to a couple of lenders to see what you qualify for. Once you have your price point you can begin shopping around different neighborhoods. 

I would recommend doing a house hack - where you obtain financing for 3.5% down (FHA Loan) - live in one unit, and rent the others. That way you live for free (or cheap), while gaining land lord experience.

In the meant time, I highly recommend you start reading, listening to the BP Podcast, and interacting on the forums. This will help you avoid some of the pitfalls that many landlords fall into. 

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