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Real Estate Investing in Washington DC With all of the turmoil, where do we go from here?

“The Market’s going to crash”. “ My parents lost money in 2007.” “ I’m waiting to buy the dip” .” I can’t afford to live in Washington DC.” “ I don’t have enough money for a 20% down payment.” “ That’s ridiculously overpriced.” “Interest rates are going to cause the R word, yep, RECESSION.” “Will there be a recession?”

When will it stop? The negative talk, the self doubt, the I can’t mentality. The “I won’t ever be able to” mentality. Or maybe they are right? Maybe the market has taken such a turn, such a drastic turn in such a short period of time, that it is inevitable.

I think we are asking the wrong questions, with the wrong mindset. So where do we go from here?

You want to be a real estate investor, you are a real estate investor currently looking for your next deal, or simply looking to park your cash in a more tangible asset. The big question, What should you buy?

If you’ve followed our blogs from the following months, you I already wrote about the best strategies for “House Hacking” in Washington DC https://blog.bpgreal.com/2021/08/20/house-hacking-in-washington-dc/

In this article, i’m going to explain how you can “recession proof” your next real estate investment with 2 of the most important concepts of real estate investing.

Location and Time

Location: This one is easier said than done, and lets be honest, how many times has someone said to you “location, location, location.” We’ve all heard it, but does the person giving us the advice actually believe it and take their own advice? Most of the time no. So where should we be concentrating on to guarantee success? First off, I have to say, there is no guarantee, but you can PROTECT yourself the best you can by following this one simple rule.

BUY WHERE PEOPLE WANT TO LIVE NOW. Simple, yet forgotten. Buy real estate where people want to live right now. Where your vacancy will be low, your returns will slowly increase, and the quality of tenants will fit in your long term real estate investing strategy. A lot of investors try to pick the next best location, that simply isn’t my strategy. I want to own real estate where I can close, put it on the rental market, and get multiple applications from great tenants who will pay their rent on time, and most of the time make too much money to even be a tenant. So I concentrate on locations that people want to live in NOW.

NEXT……

TIME: Looking in the mirror and assessing the time I plan to own this particular asset / investment. Is this something i’m planning on owning for 3, 5, 10, 30 years? Or do I plan on dying with this asset and allowing my kids to inherit it and avoiding capital gains **speak to your tax professional regarding this**? If your goal is to buy and HOLD, and you buy in the right location, it’s very hard to fail.

So, how do we continue to buy real estate in this high turmoil market? Concentrating on our two main criterias: Location & Time.

If you do this, everything else will fall into place.


Happy Investing. Call me with any of your DMV Real Estate Needs.

Cassidy Burns
BPG Residential
(540) 960-1507
Cassidy@bpgreal.com

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