Dear Shannon:

Dale City is a good area for investment properties and getting positive cash flow very fast. You are on the right track.

All the best,

Shannon,

When you say investment home, I am assuming that you will be putting it up for rent. You definitely need to get in contact with a good loan officer. You are more than welcomed to contact me so I can give you a list of possibilities. However, if you go with a conventional type of loan expect to pay at least 20% to 30% in downpayment and your interest will be higher than if you were buying as your primary residence.

Once you have found a loan officer, do not hesitate to contact us. Our team is very familiar with the Woodbridge/Dale City area and have worked with investors in the past.

Good luck!!

U need to sit with a good buyer agent expericed in working with investors.
I do a 45 get to know u session, where we can go thru all the aspects involved in the investment isuue.
rgds,
Ramesh Chandra
703 635 8209
mepcigroup@gmil.com

Shannon,

You should first speak with a loan officer to see if/what you qualify for. They would be that one that can answer 2 of the 3 questions you asked. Here's the name of one that is very experienced, offers great rates and lower than average closing costs and follows through with what he says:

Darran Anthony
Suntrust Mortgage
703.669.2840

Tell him I referred you.

Once you've spoken with a lender and have been pre-approved, the next step is to search for and look at potential properties that fall within the price range you qualify for and are comfortable with, which would be the answer to your 3rd question. I'd be happy to help you with that.

Danilo
703.582.6900