All Forum Posts by: Cassidy Burns

Concentrate on building a team of individuals who are referrals from individuals you trust. This goes for any market, not just Gatlinburg, TN

All depends on what your buying criteria is ! Appreciation investors are usually the most successful in the Washington DC & NOVA markets. 

Relationships, relationships, relationships! List with an agent that also has a great relationship base that will lead to more deals in the future.  Allowing you to concentrate on building and having that realtor / team concentrate on selling your volume of houses you will be building. 

Turn it into a business rather than thinking about 1 single transaction 

@Brian Davis welcome ! Many great resources here. Continue to educate yourself on the market, as this market is very street & subdivision specific for driving the best rents. 

@Adam Kays a great point of contact and resource in the Shenandoah Valley is @Michael H. Cook he's written a few articles on which areas have the best STR regulations for individuals just like yourself.

Good luck! 

Duplex in NE DC. Purchase Price of around $1.1million.  There is one available in Shaw DC that I would suggest available too 

Welcome to BP but seems you are no stranger to the RE business. My advice would really just hone in on your strategy and what particular asset you want to concentrate on. 

"Our primary interests are in long-term rentals (single and multifamily), flips, short-term rentals, flex spaces, and storage units."

These are all very very different assets and require very different expertises and experiences. Concentrate on one.  The easiest to execute will be the single family or multifamily long term rental.  2nd easiest is the Short Term Rental.  Flex Spaces and storage units is a uber saturated / niche market and I think has a little too much risk for a newbie's first investment.  

Hope this helps! 

Happy to be a resource! We are active investors in the market as well

Welcome Kevin! This is a great resource, but the most important is to build face to face relationships with individuals actually investing in the market you'd like to buy in!

Good luck, please let me know if you need help with anything . 

Depends on the market, but I think the best investment is the one that you can afford! If you can't afford multifamily, go single family with in-law suite.  

I truly believe that the Duplex in Washington DC is going to be one of the most valuable assets in the DMV in 5-10 years.