All Forum Posts by: Mitchell McKinney

@Jason Piccolo Thanks, Jason! I am looking to be more in an active role in investing so that I can learn the ins and outs of it all. That is why I like the idea of BRRRR investing.

@Cassidy Burns I agree, I think house hacking is by far the best strategy in this area when you are just starting out. I actually just purchased a 4 bed/4 bath townhome with a finished walk out basement 20 minutes from Fort Belvoir (where I work). I had that exact thought in mind and should be able to rent out the basement and an extra room. I will probably do this every year with a new house using 5% down owner occupied loans. I do think out of state investing for cash flow as well is a good mix with the DC appreciation plays.

@Leo Watts Ahhh I see, still out of my range for the time being. But thank you for the idea, I had never heard of that zoning regulation or even the idea of looking into using zoning regulations to my advantage!

@Leo Watts Thanks for the response! Yes, unfortunately, $500M is still very much out of my budget 😂 I am looking to invest closer to $50k

@Russell Brazil That's a good point about thinking long term. My personal goal is to try to generate cashflow as quickly as I can so I can focus on RE investing full-time. That's why I've always been interested in the BRRRR strategy. Do you think fixer uppers can be found cheap enough to complete a BRRRR around here?

Hello, I just recently moved into the NOVA area and was able to purchase a primary residence using an FHA loan that I am looking to house hack by renting out my basement/spare room. I have money left over that I would like to invest here locally but I am most interested in investing for cashflow at this stage so I can scale quicker and become a full-time investor. The problem that I'm running into (as most of you have probably guessed/experienced) is the crazy high home prices around here! Is there anyway of purchasing a property for cashflow in this area?? The only thing I could think of would be to find a partner(s) to invest in a small multi-family because I think those cashflow best. Any ideas??

Hello all, I also just moved to the Woodbridge area and I would love to be a part of the meetup group if it is still active. If it's not, I say we revive it! It is always a good time to network with similar minded BP members!