Washington, DC neighborhoods are constantly evolving and changing. Do you know which ones are hot spots to watch for real estate investing? Check out our video below to find out our top 4 for 2018 and see what makes each one of them prime candidates for your next investment project.
As with any goal, deciding that you want to invest in real estate is half the battle. But once you’ve made the decision to jump into the real estate investment game, you should make sure that you’re doing everything you can to be as successful as possible. After all, there’s no point in investing your hard earned money only to have insignificant returns or - even worse - lose money.
Making the decision to invest in real estate in any market is a big one, but as the market continues to improve across the country, investing in real estate in Richmond, VA should actually be pretty easy. As it turns out, real estate in Richmond is a hot commodity right now, with many indications that it’s only going to continue to grow.
Once you’ve made the decision to begin passively investing in real estate, it’s time to decide which firm you’d like to work with. At Walnut Street Finance we make the entire process as simple and secure for our investors as possible - including the process of collecting their returns. You’re probably wondering how, exactly, we do that and what those steps are.
Every city and town across the country has been hit with at least a few foreclosures in recent years, including Richmond, Virginia. For those looking to invest in property, the word “foreclosure” can send up some huge red flags. After all, if a property has been foreclosed on once, is there an underlying reason that the property may not be a good investment the second time around? In some cases, it’s simply due to the original owner or developer getting in over their head and biting off more than they can chew. In other cases, however, it could be that the surrounding community simply wasn’t a good fit for the type of property being developed. When taking a look at Richmond foreclosures specifically, though, it would seem that they’re a fairly safe investment.
For many individuals considering getting into real estate investing, they’ve been inspired by the prospect of building their personal net worth and amassing a fortune sufficient enough for them to retire comfortably - or to continue living in the style to which they’ve become accustomed. However, a quick glance at notable real estate investors might make people think that real estate investments are only for those that already have a substantial amount of disposable income available to them. The good news is, that’s completely untrue!
Once you’ve decided to make the leap into real estate investing, one of the most challenging aspects can be what type of investing to get involved with. You may choose to own various properties and take the landlord route, or purchase properties to renovate and sell. You could also choose to simply invest your funds with hard money lenders, sit back, and wait for your return checks to roll in. And all of these options are great, but they aren’t all for everyone.
When considering what types of property to invest in, there are seemingly endless options and things to consider. Are commercial properties the best bet? What about single-family homes, land development, or becoming the landlord of a multi-family real estate investment? And then there’s your level of involvement to consider (in addition to your abilities). If you’re ready to dig in and get your hands dirty, perhaps land development is the perfect choice, whereas if you’re looking for something a bit more hands off, maybe owning commercial property is more your style. There’s also the opportunity to passively invest in real estate - that is, investing your funds with a company that provides financial backing to borrowers who will be the ones actually undertaking the building or renovation projects.
Whether you’re new to real estate investing or an experienced real estate investor new to the area, it’s important to to network. Meeting with fellow real estate investors in your local community who share your interests is a terrific way to learn and share opportunities. It’s important to make connections and build relationships. Here are four real estate investing meetups in the Northern Virginia/Washington, DC metro you should check out...
Believe it or not, investing - whether it’s in real estate or the stock market - is for everyone. It’s just a matter of knowing what type of investor you are and what level of risk you’re comfortable in taking so that you can make investing decisions that don’t leave you in a constant state of worry or feeling as if they aren’t making the impact you had hoped they would. The same can be applied to a real estate investor. Research compiled by the Psychonomics Society illustrates that an investor can be classified into a number of different types which are determined by various factors including initial personal or familial wealth, age, profession, education, and comfort with risk.
Deciding whether or not to invest in real estate is most definitely a personal decision, and it’s one that can be a bit tricky. When you choose to passively invest via an investment firm, instead of giving up your time and energy (in addition to your funds) on landlord responsibilities and legal obligations or as a fix-and-flipper, it’s important to determine if the firm you’re planning to invest with is making smart lending decisions in their target markets. Of course, every developer wants to get in on the ground floor of the next hip new city neighborhood or suburb, but what about areas that are already well known and established, like Virginia Beach, Virginia? Is investing in Virginia Beach real estate a profitable endeavor?