Home Buying in Ashburn>Question Details

smith, Real Estate Pro in Loudoun County, VA

Hi, I am interested in buying a house in Sterling for investment purposes and would strongly consider looking at Foreclosure properties since I do

Asked by smith, Loudoun County, VA Sun Jul 10, 2011

not want a very expensive house. What areas are best in Sterling to buy and then rent out the properties? Thank you.

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11
I'm a Realtor for reputed company in Northern VA. Do contact me at 571 205 8174 or Hi5Mav@gmail.com for your needs.
0 votes Thank Flag Link Tue Jan 20, 2015
I'm a Realtor for reputed company in Northern VA. Do contact me at 571 205 8173 or Hi5Mav@gmail.com for your needs.
Flag Tue Jan 20, 2015
Fred,

1st you need to know how much you qualify for, then find your Realtor. Your Realtor will teach you about the investment types & possibilities that are suited best for your needs.
Please contact me for any more investment questions.

Dana Wright Exit Realty
Licence in Virginia Reatlor
703-405-8302
0 votes Thank Flag Link Mon Jul 11, 2011
Fred,

Sugarland Run is one of the most popular areas of Sterling for investors. You can find town homes for under $150K that will bring in anywhere from $1000 to $1500 in monthly rent depending on the size, condition, lot, etc. This is just one example...there are more.

Note: You may want to expand your search to short-sales as well. Short-sales are discounted similar to foreclosures and they generally need the same, if not less rehab than a foreclosure does.

Feel free to contact me directly to chat more about investing in the area and how the local real estate market is from an investing point of view.

Danilo Bogdanovic
Real Estate Consultant/REALTOR(r)
703.582.6900

http://LoudounScene.com
http://LoudounForeclosures.com
0 votes Thank Flag Link Mon Jul 11, 2011
Hi Fred,

You have the right idea of investing in property! With this being a buyers market & prices at 2004 prices, now is the time to consider buying an investment property. Being in the investment mangement business for over 25 years & real estate business for 9+ years here in No. VA I see the rental market as very strong. The Sterling/Herndon/Loudoun areas are "diamonds in the rough" with having great potential.

So all of the comments you are receiving from Realtors are correct. What you need is to find your Realtor that understands your specific goals & then to trust their expertise & experience. I have many repeat investors/clients that continue to work with me as I treat each real estate transaction as if its my own & my money. I will negoitate to get the best value for your dollars, in todays market!

I hope to this answers your questions & I look forward in hearing from you soon.
0 votes Thank Flag Link Mon Jul 11, 2011
I have investor clients who own townhomes in Countryside and are fond of those investments. There are also several neighborhoods in Leesburg. Not only do you need to look at acquisition +renovation price vs. rental price, but consider pros/cons of condos (higher monthly fees vs. attractive amenities for renters, building insurance and maintenance costs being included), consider insurance rates by neighborhood, as well as crime rates, management costs/plan, investor/rental unit ratio, availability of financing and all that jazz. There are many factors to consider. I work with many investors, and would welcome the opportunity to review your situation and risk tolerance with you and then make a personalized recommendation.
0 votes Thank Flag Link Sun Jul 10, 2011
I have a listing in Sterling that you can get 270ish and it rents for 1900 ish! DO you think it is something profitable?

Monika
703 626 3327
info@realtygeeks.com
Web Reference: http://www.realtygeeks.com
0 votes Thank Flag Link Sun Jul 10, 2011
Fred, i agree with what the other Realtors have mention, it will greatly depend on your price range,and whether you plan to rehab a property, i.e (fixer upper)or a invest in a property that (camera ready to go) and some other parameter that you may have to consider, if you would like to discuss your options contact me anytime via ph. 703-395-8253 or email miketur@kw.com


Mike Turner
Keller Williams Realty
License in Virginia, and Maryland

Web Reference: http://mturnerhelpforeclosureshortsale.kwrealty.com
Web Referance:http://miketurnershomes.com
Web Reference: http://miketurnershomes.com
0 votes Thank Flag Link Sun Jul 10, 2011
Fred-

Your best bet is to contact a Realtor and discuss with them exactly what you are looking for and what you expect your turnout to be. At that point you will search for the best investment.

Sometimes the longer people wait, they risk the chance of a neighborhood having a few foreclosures. That in turn lowers the property value and may not be the most desirable place to live. When you are looking to purchase to rent, your goal is to continuously gain a profit. You want renters who are willing to stay a few years and who are responsible enough to make payments and not damage your property. So choosing the right area with the right price tag is important.

If you have any further questions call or e-mail me.

Leslie Wagoner/Realtor/BA
leslie@c21redwood.com
703-554-4404
0 votes Thank Flag Link Sun Jul 10, 2011
Fred,

What is your price range? Are you looking for a detached home or a townhome?
Sugarland Run and Sterling Park might be two suggestions - depending on what you are looking for.
Contact me directly at VivianneRutkowski@gmail.com or 540-229-5429 so we can discuss the details.

Best Regards,

Vivianne Rutkowski
REALTOR, ABR, GRI, SFR, CDPE
Licensed in Virginia
KELLER WILLIAMS REALTY
0 votes Thank Flag Link Sun Jul 10, 2011
Hey Fred- there are some great investment opportunities in Sterling. It would really depend on your price range to see what would make the most sense for you. Distressed homes in Loudoun County make up for less then 18% of our existing inventory. That being said there are many great deals to be had. If you would like to discuss in further detail please call me at 703-929-5716 or email me at joe@joeknowsva.com.

Thanks
Web Reference: http://www.joeknowsva.com
0 votes Thank Flag Link Sun Jul 10, 2011
Hi Fred.:
I would think at this time the great investment properties to buy and then rent out would be in zip codes of 20164.
They are some great buys there and ofcourse location speaks for itself. Easy access to 28th, 7, Airport, Shoppings.
If you have any qustions please call me direct at (703) 727-8700 or email me at sadafi1@aol.com
Look forward to doing business with you and thanks for contacting me.

Sadaf Alhooie, Realtor, SFR
Keller Williams Realty
20130 Lakeview Center Plaza, #110
Ashburn, Va. 20147
sadafsellshomes.com
0 votes Thank Flag Link Sun Jul 10, 2011
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