All Forum Posts by: Sara Frank

Hi everyone, my name is Dino! I live in the Northern Virginia (NoVA) area and I am looking to expand my opportunities and knowledge not only here, but the rest of the country. I had been lurking in the forums and decided I wanted to try and be more active in REI. Honestly, I have not posted in forums in years, so this is a big step back for me to get back in an online social space.

I am in my early 30's and wish I have been in RE way earlier. Nonetheless, I have been binging RE Rookie, the BiggerPockets podcast, and some other BiggerPockets-published books (reading Wealth Without Cash right now). Right now, I am hoping to get connected with anyone working with Creative Financing and would love to do deals with other folks here.

Currently, I am househacking in Northern Virginia with my first home. I am renting out multiple rooms and manage them all myself. I am looking for more deals in the area and hope to find another property before the end of the year. My initial goal is to get 1 property a year, and I hope to exceed that! For now, I am starting small and getting experience in the real estate space, and although my schedule is quite busy, I have been trying to join meetups when I can.

I'm looking forward to meeting anyone else in my area and beyond. Thanks for reading my post, hope to hear from other members soon!

Hello all, a newbie here.

I am trying to see the markets and be able to invest in the greater DMV area. I live around and would like to invest in buy and hold for rental properties. 

What areas are really good focus as far rent is concerned. Also interested to know what kind of banks are more friendly to investors in this area? 

Thanks a lot.

Let's test the waters here. I'm looking at a mom and pop cafe that has a cap rate of 8%. It's a first floor retail condo in a downtown D.C., but in the neighborhood section not the business district where offices are only 60% occupied. Above this retail condo are residents who own their own condos (100 units). Other ground floor retail condos are all occupied such as a salon, Fedex store, vape shop and this cafe that I'm talking about. Across the street is a middle school and has lots of car traffic. It also has lots of foot traffic as well with a walk score of 90. Tenant has been there for 2 years and has 3 years left on the lease. This is a true NNN, and the management is easy since the association takes care of the maintenance and roof. The association dues are a part of the the NNN costs. You're essentially owning a 900 square foot box.

Would you do the deal?  

Greetings I've been living in and around the Baltimore area pretty much all my life looking for some guidance, potential mentorship, in respect to acquiring properties. My current focus, outside of just getting in, is rental properties in my area ideally multi-units. But just looking to talk to someone for some general guidance in respect to the processes for a beginner. I have my own house in the pigtown area (since 2020) and I'm not bedazzled by the rise in "glamourous" posts and videos in real estate investing, I just want to realistically be prepared for what's in store, set a good foundation and repeat the process!

Thanks!

Clinton

Hi everyone, first time home buyer, I'm purchasing in Baltimore, MD and am looking to see if anyone can offer or knows of anyone who offers DSCR loans with possibly a lower rate than 20% down

Thank you!

Hi everyone, first time home buyer, I'm purchasing in Baltimore, MD and am looking to see if anyone can offer or knows of anyone who offers DSCR loans with possibly a lower rate than 20% down

Thank you!

Hi all,

First time poster here. Appreciate the community, the knowledge, and all the helping that goes on here.

In short, I'm trying to understand the margins on new builds people are seeing in these days given market conditions. 

Background: I'm from the DC metro area, and just spent some time apprenticing as a developer and builder with an uncle who lives out in Australia. I developed and built 4 homes in my time there, and understand the economics of that market, but coming back home to the US, wanted to get a feel for things. In Australia, was getting 100% CoC, strategy of buying single lots and subdividing out to build 2 - 4 one story units. Approx 5 month build time from foundation to finish.

I know margins can vary considerably across markets in the US, but just want to have a general sense of things and have some data points.

Appreciate any insight.

Thank you!

Hello - I am trying to unlock some equity out of my house to purchase another property. My first thought is a HELOC but ive called 10+ banks and credit unions and none of them have a program for investment property. Has anyone gotten a HELOC from an investment property (not primary) in Maryland?

Or are there other options outside of refinancing? I don't think that's the move since my interest rate is at 4.3%