Looking to Purchase a First Time Rental Property

WantPropertiesResidentialSFR
Classifieds

Looking to Purchase a First Time Rental Property

Arlington, VA · Member since 2017 · 6 posts · 0 votes

It's increasingly hard to find great deals in the DC Metro area. So I am broadening my search to anywhere that makes sense. If you would like to discuss great deals or possibly partner up, feel free to send me an email. 

0Reply
1 views

2 Replies

Jump to latestLatest
  • G. Brian DavisPro Member
    Investor · Hatboro, PA · Member since 2016 · 2k+ posts · 850 votes
    9y

    Hi Brandon,

    Most of the District itself is very competitive and expensive. Still, there are plenty of towns and neighborhoods within a one-hour radius of DC.

    One thing we recommend in our course is looking for neighborhoods straddling the line between working class and middle class. Where do cops and firefighters live? Teachers? Entry-level management? Low- and mid-level bureaucrats? People who earn the median income or a little less. These tend to be stable neighborhoods with good long-term residents, where not everyone is a homeowner already. 

    Just some food for thought. 

    Cheers,

    Brian

  • Stephanie P.Pro Member
    Washington, DC Mortgage Lender/Broker · Member since 2016 · 4k+ posts · 2k+ votes
    9y

    @Brandon Corkins

    Many neighborhoods inside DC are becoming more desirable, and there are deals to be had.  You really need a Realtor who knows the market.  Are you looking to house hack or just for investment properties?

    Let me know if you need a good Realtor.  We have one downtown just off the Eastern Market metro that is great with multi family properties.

    Stephanie

Join the conversationCreate a free account to reply, vote on answers and follow this thread.