All Forum Posts by: Sara Frank

Hi there 

I'm looking to start REI journey. I'm looking for my first investment and totally lost and discouraged.

I live in Northern Virginia. I can't find ap TH or SFH that's under 250k. For 150k and under can buy a house in a sketchy areas in Baltimore or Richmond.

I see posts on bigger pockets investors buying duplexes or SFH under 100k all the time. I don't know how people find those.

I need some guidance, how can I find a house reasonably priced. Or do I need to consider investing out of state?

thanks

Hey! I am looking for leads for cohosting and rental arbitrage in the DMV (DC, MD, VA) area. After doing analysis, it looks like the best way to make a good return is to try an STR in DC proper, but when I look up regulations for DC the verbiage is as follows.

"A vacation rental is a type of short-term rental that allows a host to offer fee-based lodging at their primary residence without being present on the property e.g. use of the entire home. Cumulatively, vacation rentals cannot exceed 90 nights in any calendar year, and each rental is limited to 30 or fewer continuous nights."

I am confused because when I go onto to Airbnb and AirDNA it appears that there are several listing that are killing it with high occupancy rates and definitely renting the place out more than 90 days. Am I reading the data wrong or misunderstanding the guidelines? Also, if anyone knows someone that is doing STRs in the DMV area or an owner who is trying to get into it, please connect me. I would love a local mentor or possible client. 

Hey! I am looking for leads for cohosting and rental arbitrage in the DMV (DC, MD, VA) area. After doing analysis, it looks like the best way to make a good return is to try an STR in DC proper, but when I look up regulations for DC the verbiage is as follows.

"A vacation rental is a type of short-term rental that allows a host to offer fee-based lodging at their primary residence without being present on the property e.g. use of the entire home. Cumulatively, vacation rentals cannot exceed 90 nights in any calendar year, and each rental is limited to 30 or fewer continuous nights."

I am confused because when I go onto to Airbnb and AirDNA it appears that there are several listing that are killing it with high occupancy rates and definitely renting the place out more than 90 days. Am I reading the data wrong or misunderstanding the guidelines? Also, if anyone knows someone that is doing STRs in the DMV area or an owner who is trying to get into it, please connect me. I would love a local mentor or possible client. 

My wife and I recently have started our journey into Real Estate Investing. We have had a few walk through and done property analysis on several properties, but are not really cognizant of what we are getting into. We have taken a few real estate classes and read countless books to grow our financial knowledge. However, we have a lot of questions about pitfalls and unknowns especially with older properties, or if there is a better investment strategy since cash flow properties in our area aren't meeting the numbers we are looking for. We have started looking into wholesaling and subletting but still kind of overwhelmed about the amount of information we still don't know. We are in the Northern Maryland area and would like to have some 1 on 1's or partners to help us find deals or acquire more knowledge in the areas we are weak in.

We are thrilled to be in this community and are looking forward to getting to know you all better.

I heard they’re trying to make wholesaling illegal in Maryland.

I guess you’ll only be able to do 2 deals a year in Maryland. It looks similar to the Illinois law, but you’ll be able to do 2 deals a year, not 1 deal a year.

Realtors are jealous. They think wholesalers are making too much money and stealing clients.

It’s already illegal in Oklahoma, Illinois, Philadelphia. And I think Arizona made it illegal last year.

It’s unconstitutional. Right in the constitution, it says that every US citizen has both a right to make and assign any contract. Big mortgage companies do it all the time. My mortgage was sold twice and behind my back. At least I’m assigning contracts right in front of people’s faces.