Southern MD so I am not really familiar with the best areas to buy in. I am open to any advice about what areas are more marketable than others. Any suggestions??
Good Morning,
The Woodbridge Area of Prince William County has some amazing Investor Opportunities right now. That area has been hard hit by the Mortgage Meltdown. It's located between Ft. Belvior and Quantico and directly off I-95, and a stones throw from the new Wegmans and also located next to the VRE Line To DC.
For example I have been assisting an investor for the past week, looking at townhomes and single family homes priced under $225,000. I showed him he doesn't have to go that high. If you are thinking like an investor and looking at the big picture you want a home that's in fairly good condition or just needs a quick face lift, and one that would rent for a positive cash flow. Right?
Check out my blog story (below) I wrote a post on this exact subject.
Let me know if you need help.
Have a great day.
Hi Ayana,
I am not a realtor but have a thought to pass on.....Have you considered Stafford County (just south of P.W. County). We are currently selling a house in a newer subdivision of 4/5 bdrm homes about 5 minutes from 95. There are several rentals in our subdivision which have been primarily rented to military families for 1-3 years with the rents ranging in the $2300-$2500 per month. If you would like more info about the area I would be happy to pass on anything I know. Good Luck........
PW County is a great place for investment. I have sold a number of properties throughout the county this year and each area has pluses and minuses depending on what a buyer is looking for. What you look for in a rental property is different than what you might need in a home to live it. If you aren't working with a buyers agent familiar with the area then you should interview agents who live in work in the area to assist you with your very important financial investment.
Ayana - I might be able to help you. I have many questions for you - why Prince William County? how long do you plan to own? what financing did you have in mind? how will you manage it? Based on analytical data, we can share with you where some of the stronger rental markets appear to be, what the rent to purchase values are expected to be, and that sort of thing. Feel free to contact me directly for more information.
SUGGESTION: If you can place your budget then a realtor can narrow the search for you
Real estate professionals per the code of ethics can’t make those comments on where person should purchase if you work positively in concert with your real estate agent I am assured you will have solutions to all of your questions resolved. Good luck http://www.lynn911.com http://www.homes-for-sale-dallas.com
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