Updated about 5 years ago on . Most recent reply
Real Estate in Washington DC / VA / MD
Hello, Bigger Pockets -
My name is Fernando and I'm making a move into the Real Estate Market. I've been doing quite a lot of reading in this area given my extra time spent at home. There is still a LOT of room for growth in this respect, but experience is king and I'm also itching to get some properties. I had some basic understanding prior to cracking open some books, but boy oh boy was I missing out. I'm looking to make connections to groups, in particular, Real Estate Agents to start me off with local knowledge in the DC / VA /MD area.
There is some uncertainty about how the market in this above area is handling the Pandemic impact, but I'm willing to wager that Government money and contracts + extra stimulus are keeping demand up. However, I'm hoping a more knowledge Real Estate agent can help me verify that this is true for the market I mentioned above or others that I should pay attention to! The reason I'm trying to make these determinations is that I'm looking to buy either a new home for myself so I can rent out my current Town House (3 Bed / 2 Bath) or buy an investment property right off the bat to start generating some cash flow.
Just as some more background I'm currently employed as a Fed working in the IT space. I do a lot of database architecture, data analysis, operations research so if this could be a helpful skill to others in this space I'd love to give back some of my expertise in exchange for help in areas where I'm weaker (Market knowledge, ARV, and remodeling).
In any case - there forum/community seems super helpful and positive. I'm glad to now be a part of the community.
Most Popular Reply
I agree with Russell @Fernando Gonzalez- I’ve been selling & investing in the DC Market since 2003 & this area always seems to thrive when most of the Country is struggling... there a lot of demand, and money here and it takes courage to get in to the market. Time to get out of your comfort zones in terms of neighborhoods to consider, writing aggressive offers, and of course cash is helpful! Montgomery Village isn’t quite as aggressive and you can find some good steady investment opportunities there so might be a good place to put your money. You’ve found the right place to learn... Welcome and best of luck!