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Initially looking for to purchase rental property under $200k in prince William county, most likely in Woodbridge/ dale city area, but the inventories are pretty low, so I expanded my option to Montgomery county and saw some properties under my price range looks pretty ok.
Now, I never have any rental property experience, so what would be the better choice between the two counties such as, investment wise, which locations to invest, landlord law, more demand on renting, rental property tax, lesser hassles....etc. And is it always true that property closeby metro rent out quicker or more expensive? If so, please suggest where to buy. TIA |
| Guess nobody knows? |
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A lot of military folks I work with slug in from Woodbridge/Dale city area. So you might get lots of interest from those types looking for a 1-2 year rental while they are stationed here.
Don't know anything about MoCo. We have our rental in Sterling (Countryside). Never had any issues renting it at $1800/month. |
Could be that we know but don't want to share it with you and the rest of the forum. I'm about six months away from being able to start investing and know exactly where I will want to be in MoCo, and don't need more competition. I will tell you that it is easier to be a landlord in Virginia, and that property is always easier to rent out near some form of public transportation. A good agent will advise you on vacancy rates in different areas. |
Great. Th x |