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Virginia Real Estate Q&A Discussion Forum
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Michael Hartpence's profile image
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Michael Hartpence
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Michael Hartpence's profile image
Michael Hartpence's profile image
Michael Hartpence
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Michael Hartpence
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Virginia Real Estate Q&A Discussion Forum

Northern Virginia / Maryland Multi-Family

Michael Hartpence
Posted

Hi all,

I'm new to the real estate investing game, but am taking time to research different areas where I'm looking to start investing and am interested in the Northern Virginia/Maryland area for properties that will be used as rentals.

Does anyone in the area have experience with what locations are worth investing in and the investment landscape there?

Thanks in advance!

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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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The DC area has the lowest number of multifamily properties that exist in any major metro area. To put it in perspective, in 2017 there were 218 that sold, and so far this year we are sitting at about 150. That is out of over 100,000 home sales per year.

Incredibly high demand with incredibly low supply, a supply that is actually shrinking due to condo conversions, makes this one of the most competitive aspects of an already competitive real estate market.

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