Consider purchasing an Investment Property in or around Woodbridge VA?

November 11, 2014 by

Consider purchasing an Investment Property in or around Woodbridge VA? by Claudia S. Nelson with Keller Williams Realty in Woodbridge VA 

Find your next investment property right here

Are you looking to purchase an investment property in or around the Woodbridge VA area? Great you have come to the right person. I would be happy to talking to you about investing in Real Estate. Just like Warren Buffet I am a strong believer in investing in Real Estate as much as possible. Real Estate is a great way to accumulate wealth. 

Chances are you are already owning a home. If not the first step should be purchasing a home to live in. If you are purchasing a home for yourself the down payment requirements are a bit lower then for an investment property. If you are purchasing an investment property the down payment requirements are 20 %. The higher up you go the better your conditions will be.

So there are several things you can do. If you are already owning a home and you are considering moving up to a bigger home, you could turn your current home into a rental home. Purchasing a primary residence will have lower down payment requirements. But again that will only apply if you are looking to move up to a bigger home and turning your current home into a rental and of course you still have to qualify for the financing. If you are not looking to move into a bigger home and you are just looking to purchase an investment property you have to calculate a down payment of at least 20 %. Also you can not forget the closing cost. In the event the seller doesn’t provide closing cost you need to calculate another 2 to 3 % of closing cost. There might be some upgrades you want to make to the home after your purchased the home. Also you need to consider the holding cost. 


Despite all the cost Real Estate is still, in my opinion a great way to accumulate wealth and to generate positive cash flow. The one thing you need to keep in mind the your mortgage cost should be less then what you can rent the home for, therefor generating positive cash flow. Keep in mind if the home is in an HOA there is the HOA fees to consider.

If you are thinking about investing in Real Estate call me today at 571-285-4319 or 202-299-7671. As I said above I am a big believer in investing in Real Estate and that’s not just because I am a Real Estate Agent. I see the positive aspects of investing in Real Estate in my personal life and of course in my professional live every day. Don’t wait and call me today. 



Find your next investment property right here

Filed Under: Dale City Homes for Sale, Woodbridge Homes for Sale, Woodbridge VA, Woodbridge VA Real Estate Tagged With: , , ,