If you're watching this video, you've probably heard that Amazon, the world's 2nd largest internet retailer, is opening one of its two HQ2's in Northern Virginia. If you weren't aware and you were just looking to invest here, well, that's a happy coincidence. Not only do we have Amazon coming, but we can expect other companies to follow-suit. It's much like the mall model, you have a large anchor store, and then other retailers follow. Companies will look to see what the Amazons, Apples, and Googles are doing, and then do the same. There is already speculation that Apple will be adding a 20,000 employee facility here as well. Back to what we do know, Amazon is adding 25,000 jobs to the area. This is going to create a demand on the housing market, exactly what an investor should be hoping for.
Estimates are already coming in for what is expected, which is upwards of 50% property value increases over the next 5 years. We have to remember that this is only speculation. We can look at Seattle, Amazon's first home, as an example. Once again, this is a completely different market but we can see that their home values increased as much as 73% while rents increased up to 31% in the last 5 years. This is a good indicator of the type of growth we will see, if not exact. As an investor, your objective should be purchase and hold for the foreseeable future. You need to look at this as a long-term (minimum 5-year) investment.
Since you will be holding, you will need to rent out the property. As a full-service Real Estate Brokerage and Property Management company, we are best suited to assist you in this process. We can help you locate a property, write an offer, close, and then rent and manage the property indefinitely while you hold this asset until you are ready to cash out, whenever that may be. In the meantime, you will have someone else paying the mortgage, and, over time, you may even be able to generate positive cash flow.
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