Invest in King Farm of Rockville?
I am a beginner in real estate investment. I don't know what exactly I should do, being quite confused about the whole thing of real estate investment. You see, housing prices are already very high in Rockville Maryland, does it really have any potential to appreciate? And you see, when I buy and sell, there is a 6% of commission to pay each time. That's a heck of a lot of money, and of course there is also the property tax. So, how are people still making money in real estate? I don't get it.
Now back to King Farm of Rockville. Lots of town homes are being built there. Prices are from 650K. Location is not bad and the community have free shuttles between King Farm and the shady grove metro. My plan is to buy and rent it out. What do you see if I own a town house here 10 years from now? Is this a good place for me to start? What do you think?