I am new and have perhaps a stupid question. I am interested in saving up cash (financing might not work for me) and purchase a buy and hold rental in Fairfax, Arlington, or Loudoun county (most likely condo since it would be more viable financially). Based on your experience, how much money do you need to enter the game? Is it realistic to buy anything for 30-40-50K or is it more like a 100K entry point? Thank you, all, so much!
More like 150 to 200k in those areas
@Tatyana Williams most of the properties that are priced in the mid-high 100s will have a condo fee. You are not going to get much in those areas for under 250K. If you do, it will likely need work.