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Updated over 7 years ago on . Most recent reply

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Anthony Tortorello
  • Baltimore, MD
0
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8
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Washington DC (DMV) NEWBIE

Anthony Tortorello
  • Baltimore, MD
Posted

Hello BPers!

I am a government software engineering contractor from the Washington Metro area. I have decided that this life is not the life that I want to be living and I have been inspired by the bigger pockets podcast and community of investors. After a lot of soul searching I have determined that this is the life for me and I am ready to dive head first into my first deal. My goal is to own a multi family unit in the greater DC area (locations outlined below) by the end of this year. I am looking to put my heart and soul into making whatever property I buy into a place where people want to live and that I can house hack until eventually refinancing and expanding my portfolio. I am looking for a job that requires less hours and energy so I can spend more time analyzing and pursuing deals until eventually I reach financial freedom (let's call it passive 10k a month) and can quit my day job to further expand my real estate business. I realize that these are hefty goals and I figured that my "MINS" (most important next step) was to post on this forum and introduce myself to the community. So please - let's talk! I love to learn and this is a whole new world for me. I can't even describe how excited I am to be going on this journey with the BP community.

- Looking to buy- 

Multifamily homes in - Northern Virignia, Arlington, Fairfax, Washington DC, Silver Spring, Bethesda, Rockville, Hyattsville, Falls Church, DMV, Tysons Corner, Alexandria

  - People I'm looking to network with - 

EVERYONE! Especially realtors and investors in the DMV area! 

- Anthony Tortorello

Most Popular Reply

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17,655
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,559
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17,655
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Multifamily properties exist in only the tiniest numbers in this region of the country.(2 to 4 units)  In NoVa, you probably have 50 to 75 that even exist. Maybe a dozen in Rockville, a couple dozen in Silver Spring. Takoma Park has a concentration of them, but they have incredibly restrictive rent control. In DC they can be found throughout the city, But with concentrations in Hill East, Trinidad, Petworth.

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District Invest Group
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