Legitimate real estate investment is decades long. Sometimes you get lucky and make money sooner, sometimes you actually lose money. Having owned two houses in the DC area, I most definitely would not be trying to make money on real estate there. Many economic indicators suggest we're 2-6 months from a recession. I personally wouldn't want to prospect on buying a place given those conditions, too. If you want to own a house, buy one. If you want to build wealth, look somewhere different than buying a starter home in the DC area.
This was our first house: https://www.redfin.com/VA/Leesburg/871-V...e/12010505
...and it's probably what you're getting for your budget - an 1800 sqft townhouse in Leesburg. I don't think a lot of people your age will want to rent out that far.
This was our first house: https://www.redfin.com/VA/Leesburg/871-V...e/12010505
...and it's probably what you're getting for your budget - an 1800 sqft townhouse in Leesburg. I don't think a lot of people your age will want to rent out that far.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth