DC Maryland Virginia New Investor

[Kyle Barker]

Hello,

I'm just looking for some basic help and information on how I should start. To not write a novel, I'm from the area, I'm coming off active duty military and taking a police job. I would ideally like take advantage of my VA Home Loan and House hack a multi family although I know the DMV area lacks them. If anyone would should me a message or reply I just want some good ideas on how I should begin. I am not opposed to a live in flip and hold (BRRRR method) or perhaps long distance investing. It seems like a profit area but a tough place to start. I'd love any help I could get!

[Cassidy Burns]

Hi @Kyle Barker , welcome.  I always suggest, to get started in Washington DC you should start by house hacking your first property.  House hacking doesn't just mean by investing in Multifamily (as doing so in DC is difficult and hte point of entry is high.)

Start by purchasing a 2-3 bedroom condo or single family house and rent out the bedrooms. Mitigate your monthly expenses, increase your savings, and utilize the 0-5% down loans that you will be able to with VA Loan.

Wash, rinse, repeat. 

Good luck!