Ashburn, VA as a buy n hold rental investment

[Soup Nikk]

Folks,

I am doing my initial research and starting to look into Ashburn, VA (and some of the surrounding areas Mclean/Vienna etc.) for a buy and hold rental real estate preferably single family/town home. I thought I would put this out in front of the real experts and get some advice on what cities/neighborhoods to focus on. The rental would be targeted more towards families with kids or married working professionals who have just moved in the area. The price target is more around 200k-300k, however, I am not sure what is the rental income scenario in that area. I am also not sure if this is a good market to invest in or if the prices have gone up quite a bit and it's a lost cause.

Any inputs and guidance would be greatly appreciated. Thanks in advance!

Regards,

Soup

[Chris Seveney]

@Soup Nikk Northern Virginia is a very tough market for buy and hold as acquisition cost to cash flow is difficult. You need to put considerable money down to get positive cash flow and then your banking on appreciation. Others will disagree but I live in NOVA but don’t invest here as I find much better deals in other parts of the country or other areas in the mid Atlantic area