Where Should You Buy an Investment Property in Northern VA?

Have you thought about investing in property in the northern Virginia area? Here's some general advice to follow. 

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Where's a good place to invest in real estate in northern Virginia?

Northern Virginia is a challenging market for investors if you're looking to buy and hold a property. There are some pockets in the area where you can possibly buy and hold an investment property—typically we look to buy one of these homes with 15% down with a 15-year loan to be paid off by your tenants. If the numbers make sense, it's a great idea.

If you're looking to invest in real estate, I would consider buying in Maryland. If you're a Virginia resident and you invest in Maryland, understand that when you sell, there will be an extra out-of-state tax. There are also a lot of opportunities in outlying areas; go down 66 and 95 to see these kinds of places.
If you're looking to invest in real estate, I would consider buying in Maryland.
If you want to learn more about investing in property, feel free to reach out to me or attend one of our investor workshops on the last Wednesday of each month. Just send me an email or give me a call and I'd be happy to give you some more info.

Finally, thanks to Justin Hall for the great question. We're sending a $25 gift card your way for submitting it!

I look forward to helping you soon.

Why Use a Reverse Mortgage?

Reverse mortgages can be a useful tool if you’re 62 or older. Here’s why. 

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I’m here today to answer another great question from one of our viewers. This one comes from Miss Peaches. She wants to know “What is a reverse mortgage?” Thanks again for the question, Peaches!

If you’re a homeowner that is 62 or older, a reverse mortgage allows you to use the equity in your home to get cash. This allows you to take any substantial equity out of your home and turn it into cash. If you pass away and/or the home is sold, the money will get paid back. The lender makes their money off the interest that has accumulated during the time you had the cash.
You can turn that equity into cash.
If you have any further questions about reverse mortgages or anything else real estate-related, give me a call or send me an email. I’ve got a $25 gift card coming your way, Miss Peaches. If you have a question and we answer it in a video, I’ll be sending you one as well. I look forward to hearing from you soon.