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All Forum Posts by: Ben White

Ben White has started 0 posts and replied 19 times.

More people will create more demand and possibly drive prices up a bit.  I don't think people coming from other countries are the problem though.  Lack of supply is mostly purposely created by outdated zoning restrictions, paranoid nimbys, inflation, and our economic system in general.  Which is profit driven and will always take the path of higher prices and more profit for those who control certain housing variables.  All due respect this sounds like "they're taking our jobs" in just another format "they're taking out housing".  The problem is not immigrants.  It's the people in charge preventing affordable housing from existing, not updating zoning restrictions, and pushing out harmful and devisive rhetoric to distract from their greed.

Post: ISO Real Estate Employment Opportunities

Ben WhitePosted
  • Montgomery County, MD
  • Posts 20
  • Votes 17

Hi Ayana!  Genuinely sorry to heat about the hardship.  It's difficult out here for everyone and I hope you know it's not an indictment on yourself.  I would recommend reaching out to large real estate teams who may be looking to train someone to their liking, so to speak.  I think you sound ambitious enough and would be an asset to anyone looking for help.  It may be more of an admin or transaction coordinator role, but it's steady work and you could grow it into a career.  Will circle back with specific places to look,  but I'm sure you're on all the help wanted apps and platforms.  

Repeating myself here, but simply trying to be helpful :) A local Realtor or property manager would be able to advise best. Of course zillow, apartments.com, facebook marketplace, Craiglist etc would be helpful as well. But I would trust the former more. The MLS will show active available rentals you'd be competing with and rented properties showing exactly what the owner/landlord received on the lease.

    Post: Finding current rental rates.

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17

    A local Realtor or property manager would be able to advise best. Of course zillow, apartments.com, facebook marketplace, Craiglist etc would be helpful as well. But I would trust the former more. The MLS will show active available rentals you'd be competing with and rented properties showing exactly what the owner/landlord received on the lease.

    Post: Best App For Finding Renters

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17

    I really think Facebook Marketplace has been taking over in this field. Graigslist has been fading for many years as it has become full of scammers and fake posts.  But as other have said, yes, I would post in as many places in possible like Zillow and apartments.com.  

    Post: Next investment Advice

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17
    Quote from @Daniel Suarez:

    Hello BiggerPockets Community,

    I'm at a crossroads with a townhome investment in Baltimore County and seeking your insights. Originally purchased for cash flow, this property exceeded my expectations by appreciating roughly 70% over five years, jumping from $130k to $220k. With a locked-in low mortgage rate of 3.2%, and about $100k in equity after expenses, I'm contemplating my next move. The catch? It's in a challenging area where Section 8 is virtually my only tenant base—not a slum by any means, and the house itself is in great condition.

    Here are the options I'm considering:

    A) Keep and Re-rent to Section 8: By investing in some upgrades (paint, cabinetry, toilets), I can increase the rent to $2k (from $1800), projecting a cash flow of approximately $1300/month.

    B) 1031 Exchange into a Short-Term Rental (STR) in Shenandoah: This would involve using a portion of the proceeds to make the property Airbnb-ready. I'm optimistic about potential appreciation in this area.

    C) 1031 Exchange into a Rising Market: I'm eyeing markets like Columbus, where the growth prospects seem promising. This option would require assembling a local team as I'm considering forgoing a property manager.

    D) Invest in a Better Maryland Area: The goal would be to find a property with higher appreciation potential, though I'm aware that the cash flow might not match what I'm currently achieving.

    Given the unique circumstances of my current investment—significant appreciation, a specific tenant base, and a low mortgage rate—I'm weighing these options carefully. I'd greatly appreciate any insights, experiences, or advice you could share, especially from those who have navigated similar decisions.

    Thank you for your time and wisdom!


     Hey Daniel- Firstly, congrats on the success with that property.  I think a lot of real estate investments bought prior to covid have exceeded their expectations!  Often times you might consider cashing in like selling high stocks before a crash, but with inventory and housing scarcity in general, I don't think that's the play.  If you don't necessarily like the location of the property, which appears to be the case, I second the opinion that a 1031 into a new location you're confident in is the move.  But I don't hate the ideas of pulling out the equity to start you next project and holding on to it either.  You may want to do some math on that.  

    I recently traveled to the Shenandoah and stayed in an AIRBNB.  I love it out there and don't think you can go wrong with that plan.  With more and more virtual work and the fear mongering of dense urban areas, whether right or wrong, you may see more demand in these locations helping to increase the values.  As you already anticipate.  Good luck, hope this helps!

    Post: New Investor -with good credit and no savings-

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17
    Quote from @Dathan Fenwick:

    Hey, I'm a new investor, Im looking towards getting some units under my belt but know exactly where to start im located in washington dc and i feel like this market is little bit out of price range. So, I was wondering if anyone has any good pointers on where to start im open ears


    Hey Dathan- As others have said, getting into the game without any capital will be tough. Partnering with someone who has cash would obviously work and often times your credit, income, and even labor could be beneficial to them. Still, DC is tough. Very competitive. I'd suggest going into Maryland or VA and utilizing some of the aforementioned loan programs if possible. Personally, I think Frederick is a decent starter location for whats thats worth. Good luck to you either way!

    Post: CRE Mortgage Broker

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17

    Did not know there was a Bethesda in Ohio and it was news to "Bethesda Ben" here in Maryland that we had a Mobile Home Park!  haha. Good luck to you, just thought this was funny.  Lets connect regardless.  

    Post: Gaithersburg new ADU laws

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17
    Quote from @Dan H.:
    Quote from @Jaron Walling:

    @Dan H. Not in my backyard!... and thus the circle goes around and around. I think the money has to dry up for this cycle to stop, OR we slowly (painfully?) build our way out of it with expensive oversized RE. 

    Your response here hits the fact that few builders are building 2 units on 1000' lots. Most starter homes are not reasonable in size. In our market people love the sprawl, driving cars, giant freaking houses. I'd rather fix broken properties and cherish what's already built. Goals is adding an ADU when remodeling a distressed SFH, but so far none of properties we completed worked for it (zone issues, lot size, garage storage > ADU value).

    City of San Diego has crazy upzoning but instead of isolating it to where the infrastructure can handle it (my preference), they do it city wide.   Builders dedicate a few units to affordable units and can place 15 units in a SFH residential zone lot.  On the positive, 15 units built on a small lot can be built at a much lower unit cost than adding a single small unit to a single family home.  To further cut down costs, they have some crazy distance allowed from mass transit for not requiring parking (I forget exact distance but maybe it was 3 miles).  There are some who will not own a car (it is possible), but a large majority will have cars and more than one per unit without parking supplied by the builders.  

    on the negative, this makes most property owners a NIMBY. Virtually no one wants 15 unit, 6 story structure, with 15 units next door to their SFH.  people who speak negatively about nimby often have no negative impact (own no property that can be affected).  Some non nimby (YIMBY) who can be affected have limits.  My point is I have never met YIMBY that both could be affected and had no limits (ie would be good if a garbage disposal sight moved next door). 

    Most YIMBY have no properties that can be impacted.  They rent and want the opportunity to purchase housing and would rather have housing without the infrastructure that can support it than no housing.  It is easy because they have no negative impact.  They are ok that the new 6 story building looks into all their neighbors SFH and yards.  

    I am a proud NIMBY, but 1) I do believe there will is a need for more housing 2) not everyone can afford to live where they want with a nice standard of living. Living in nice areas where many people want to live is going to be pricey.  

    So far, ADUs have shown not to be a viable solution.  Here is a question, is there any market were ADUs have recently been allowed that rents did not go up higher than the national average? In general newly built ADUs are being rented at the high end of the market range and they should as they were expensive to add, took a lot of time and effort to add, and are new and nice.   They are not helping with affordable housing. 

     Absolutely fair points and fair assessment of both Nimby's and Yimby's typically based on how they will be PERSONALLY affected.  I think my overall belief is that at some point, as a country and as individuals, we must start to put public interest and the overall health of a society ahead of individualism and personal preference and personal profit.  Whether it be housing, public transpo, infrastructure or the likes.  I think its pretty evident current method of people with the most money and most influence drafting public policy based on their preference is not sustainable.  San Francisco's current whoas come to mind...

    Post: Gaithersburg new ADU laws

    Ben WhitePosted
    • Montgomery County, MD
    • Posts 20
    • Votes 17

    @Jack Seiden Shout outs to your Mom!  Been in Montgomery County my entire life and while it's not only to our specific to out region, *** @Ryan Thomson just stated, we NEED MORE HOUSING. In my humble opinion, ADU regulation's must be loosened across the board, and fast! As you may know, Rockville has been making moves as well.  "Nimby's" need to get out of the way and understand housing density is beneficial to everyone!  People need to live where they work!  We must provide more housing for the public good.  Appreciate the information!