NOVA investors

[Mayank S.]

Where are NOVA (Northern Virginia) investors investing? I am a beginner in REI and prices around this area is a big roadblock for someone to start. It needs good amount of money to start in buy and hold strategy. Any NOVItes investors who have invested elsewhere 1-2 hours away or out of state in cash flow properties? I am seriously considering something out of area/state if numbers look promising...

[Nancy Roth]

Originally posted by @Mayank S.:

Where are NOVA (Northern Virginia) investors investing? I am a beginner in REI and prices around this area is a big roadblock for someone to start. It needs good amount of money to start in buy and hold strategy. Any NOVItes investors who have invested elsewhere 1-2 hours away or out of state in cash flow properties? I am seriously considering something out of area/state if numbers look promising...

 You are roughly equidistant from Baltimore and Richmond, I think. I invest in Baltimore, having grown up there and feeling comfortable in the neighborhoods. In your place I might look to Richmond, though, which is reported to have one of the best returns on investment on rentals in the country. It may be easier for you to stay in ur own state. 

There is a very cool new REI group that started last year called Capitol Investors Meetup that meets in Falls Church. Actually they are meeting this Wednesday, I think. Look them up online. Very education oriented and meetings are free. I'm planning to go.

Good luck, 

Nancy Roth