I am looking for a good relator in North Virginia

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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
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Is your strategy buy and hold for cash flow ? Reason I ask is It will be very difficult to find a realtor to get you a rental deal in northern Virginia. Listings on MLS typically do not make good cash flow due to the high price of housing in the area. If there is one on MLS it is gone immediately due to the number of investors in the area. Unfortunately in this market you either find deals at REIA groups or word of mouth. Sitting back and having a realtor find you properties I feel you will come up short or find a very hard time getting deals. If you want to go into Baltimore or PG county then that's a different story.
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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    11y
    Is your strategy buy and hold for cash flow ? Reason I ask is It will be very difficult to find a realtor to get you a rental deal in northern Virginia. Listings on MLS typically do not make good cash flow due to the high price of housing in the area. If there is one on MLS it is gone immediately due to the number of investors in the area. Unfortunately in this market you either find deals at REIA groups or word of mouth. Sitting back and having a realtor find you properties I feel you will come up short or find a very hard time getting deals. If you want to go into Baltimore or PG county then that's a different story.
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  • Jesse T.
    Herndon, VA · Member since 2014 · 1k+ posts · 324 votes
    11y
    Originally posted by @Ghulam Rasoul R.:

    If you know anyone who can help me find my first rental deal, please do recommend.

    Thank you,

     What areas are you looking in for properties?

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  • Alex Mihalache
    Investor · Fairfax, VA · Member since 2014 · 2 posts · 0 votes
    11y

    I might be able to help if you give me more details.

    Fairfax Real Estate
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  • Elizabeth Nourse
    Investor · Fairfax, VA · Member since 2015 · 239 posts · 90 votes
    11y

    Hi! If you're interested, I'd be happy to talk to you... I work with lots of investors in NOVA and own a small portfolio of rentals myself. If you're curious, I'm an active member of Capital REI, which meets in Fairfax. I can send you more details if you are curious.

    Liz

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  • Ghulam Rasoul R.
    OP
    Ashburn, VA · Member since 2015 · 5 posts · 0 votes
    11y

    thank you Chris. There seem to be couple of good deals in Baltimore but my concern is that the schools nearby are rated poorly by Zillow and that ultimately affects my future tenants.  Do you think this factor can be a deal breaker when I am searching for potential rental properties? 

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  • Russell BrazilBusiness Member
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    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    11y

    @Ghulam Rasoul R. Well what are you seeking in a rental? If you are seeking cash flow, this is going to be hard to find in NoVa.  If you are seeking appreciation as well as mortgage pay down as part of your investment strategy, then you may be able to find that in NoVa.  If cash flow is what you are seeking, then parts of DC, PG County, Baltimore, Frederick are better bets than NoVa.  Feel free to contact me if you are in need of a Realtor.

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