"Hello BP World". As the description suggests, I currently live in Arlington VA and am new to real estate investing, but not necessary new to real estate since I've bought and sold some properties already. I grew up in Harrisburg PA and am currently working on a business plan to develop rentals there and with a minor focus on flipping. Currently I manage global operations teams in media measurement and analytics, which is my current day job and sometimes night and weekend jobs.
Real estate interests me as a hobby and as a potential alternative to investing in stocks, bounds, and cash. I've also recently discovered a passion for analyzing dynamics of the real estate market, and correlating city/county/state level demographics with those housing trends which I hope can help me make better decisions when deciding which neighborhoods to enter, and potential opportunities to develop. At some point in the distant future I hope to develop rentals and flips in the Northern Virginia area, and also establish a foundation helping low income families gain a footing in the real estate market.
Thanks and I look forward to meeting you all.
Hello, Dethrel, welcome that is cool that you want to help low income families in the future. I am also live in Virginia, but on the other the end down in Hampton Roads. Welcome to the community, I just recently joined BP myself, I should have joined a long time ago as there seems to be some great networking opportunities. It's nice to meet you and I hope to hear from you some time!
@Dethrell Garcia your goal to help low income families it is very relevant in our area. Every year it is harder for those families to make it in the northern Virginia area. It is definitely a topic that needs to be discussed further. However, it is difficult to think what we can do as small investors to make it better for them. Northern Virginia districts could establish more social programs to support those families so they are not pushed out. What can we do to support them? Real estate cost in the area is super high, if we do not rent for market price, it is almost impossible to make numbers work. I’d love to gather ideas from other investors to understand how we all could help these families while making the numbers work.
Dethrell, let me know if I can ever help you out at all with market data for Harrisburg. I am a realtor and an investor focusing on BRRRR investing.
@Taylor Bishop I only discovered BP recently by asking a friend who's already investing in real estate for advise. There's definitely a lot of helpful content available here that helps break through a lot of the clutter and find pathways to get started. On a side note, my family and I visit Williamsburg several times a year (well before COVID-19), which isn't that far from Hampton Roads. Let's keep the dialogue going and maybe connect some time soon about those regions.
@Becky Joyner I'd be open to connecting about the Harrisburg market. I've been evaluating the regional data available here for a 20,000 ft view https://datausa.io/profile/geo/harrisburg-city-&-colonial-park-puma-pa economic and housing trends in the region. I was browsing the HUD lists and someone already contacted me yesterday about those, but I'm open to other opportunities in addition to those.
@Joaquin Camarasa I found this publication by HUD https://www.huduser.gov/portal/sites/default/files/pdf/DisplacementReport.pdf which towards the end of the paper outlines policies implemented in DC. Of course this is a subject I'm not expert in and need to learn more about, however my initial thoughts beyond addressing affordable housing and gentrification are injecting capital into those communities, improving access to education and occupational training, and encourage entrepreneurship. These aren't new ideas of course, so I would love connecting with anyone you may know who are solving these problems and get their perspective.
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