Hello everyone, I’m originally from Northern Virginia and own several condos in Northern Virginia and Washington, DC as build and holds. While to date I’ve invested in condos because of the price and have stayed local to the DC area, I’m now interested in investing in apartment buildings out of state. However, I’m moving slowly as I’m now land lording from overseas due to my full time job as a US diplomat. Welcome any advice on long distance apartment building ownership, especially when it comes to market selection. I hope to help others who are interested in buy and hold since that is what I already have some experience with.
Michael- I too have lived overseas (USAID), invested in the DC metro area and have managed my own properties- I'm now living part-time between Washington DC and N. Nevada at Lake Tahoe where I'm also looking at expanding into larger multi-family/apartment buildings myself. Reno is undergoing tremendous growth and is also suffering from a housing shortage which of course makes it an attractive place to be a landlord! you may want to considering putting 'Reno' on your radar!
Welcome to BP. You should consider coming out to the Gaithersburg Meetup (actually located in Rockville). We have a member who invests in apartment buildings in the south.
Welcome to BiggerPockets Michael and good luck investing!
@Michael Needle Hello!
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:
The second is a post that will help get you focused with your real estate investing goals:
The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.
I have other blogs that may be helpful here on BP in my personal blog that you can check out. If you have any other questions feel free to reach out to me directly. Good luck.
Welcome to BP @Michael Needle
Welcome to Bigger Pockets.
Welcome to the BP family @Michael Needle ! Good to have you here! Here are some recommendations for you:
Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: https://www.biggerpockets.com/podcast
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Wishing you the best!
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