All Forum Posts by: Joaquin Camarasa

Hey Arvind, 

As mentioned above househacking is the best play you have in your current situation.
I have been househacking since 2017 and specifically in the Northern VA area since 2020. Specifically in Springfield VA. I can share accurate numbers for each of the areas and potential challenges you might face depending where you buy.

Hi Niecy,

I would be happy to chat about your goals and share the different options you have within the DMV area. Feel free to connect. 

You are in a position that many wish to be which is having a cashflow positive property in Virginia. Where in Virginia is located? If it's in NoVa I think is highly unlikely it'll lose value. There is no inventory and there is no indication prices will drop in the area. Keep getting the cashflow, if rates come down it should keep appreciating. If it's in another part of Virginia analyze the market and see if there are any pointers that would indicate a drop. 

If you have positive cashflow, good tenants and the property does not need any major updates in the near future.  I would definitely not refinance for 50k. Keep it. 

Hi Everyone! Our next August meet-up is going to be at the Tyson’s Mall Food Court!

Grab some food and network with other local investors. This is a great opportunity for new as well as seasoned investors from the DMV to network and build lasting relationships. People from all areas of Real Estate are encouraged to come regardless of experience level. Residential, Commercial, Househackers, Out of state investors, In-state investors, Wholesalers, Contractors, Flippers, Real Estate Agents/Brokers, Property Managers, Lenders, and Rental Property Owners.

Here is the link to the Facebook group which will also have all this info: https://www.facebook.com/group...

* There will be no product pitching (we are not here to sell you anything) at this meetup (but you are encouraged to bring deals and services your business can provide), it is simply an opportunity to provide value to investors and professionals looking for a network.

Keywords: Fairfax County, Prince William County, Alexandria County, Arlington County, Prince George county, Montgomery County, Loudoun county, Washington DC, Springfield, Alexandria, Fredericksburg, Quantico, Dumfries, Dale City, Manassas, Stafford, Lake Ridge, Fairfax, falls church, Centreville, Oxon hill, Maryland, Fort Washington, Hyattsville, Silver springs, Bethesda, Anacostia.

See you all soon!

@Daniel Amsalem @Fabian Friedrich @Peter Siler @Alex Petsopoulos @Frances Marquez @Sean Sullivan

Hi Everyone! Our next July meet-up is going to be at the Tyson’s Mall Food Court!

Remember we've switched to Wednesdays!

Grab some food and network with other local investors. This is a great opportunity for new as well as seasoned investors from the DMV to network and build lasting relationships. People from all areas of Real Estate are encouraged to come regardless of experience level. Residential, Commercial, Househackers, Out of state investors, In-state investors, Wholesalers, Contractors, Flippers, Real Estate Agents/Brokers, Property Managers, Lenders, and Rental Property Owners.

Here is the link to the Facebook group which will also have all this info: https://www.facebook.com/group...

* There will be no product pitching (we are not here to sell you anything) at this meetup (but you are encouraged to bring deals and services your business can provide), it is simply an opportunity to provide value to investors and professionals looking for a network.

Keywords: Fairfax County, Prince William County, Alexandria County, Arlington County, Prince George county, Montgomery County, Loudoun county, Washington DC, Springfield, Alexandria, Fredericksburg, Quantico, Dumfries, Dale City, Manassas, Stafford, Lake Ridge, Fairfax, falls church, Centreville, Oxon hill, Maryland, Fort Washington, Hyattsville, Silver springs, Bethesda, Anacostia.

See you all soon!

@Daniel Amsalem @Fabian Friedrich @Peter Siler @Alex Petsopoulos @Frances Marquez @Sean Sullivan

@Erwin Groenendijk First, I just want to congratulate you for all the research you have done and the systems you’ve developed. This is really impressive.

I remember two years ago we were exchanging ideas about how to the BRRR in Spain. Good stuff!

Yes, the numbers are tough with high interest rates in the US. We can only adapt and make the best of it.

I’ll be checking your future posts, always very informative!

Keep it going!

@Erwin Groenendijk are there any tax implications worth to mention? Any capital gains hit?

Also, since you are buying it from one entity to another do you need to pay again closing costs, correct?

Here in the US, if you have enough equity in the property, you can use the equity to pay for the closing costs. Just wondering if that’s a possibility in Spain.

Thanks a lot for all the knowledge.

Hi Everyone! Our next June meet-up is going to be at the Tyson’s Mall Food Court!

Remember we've switched to Wednesdays!

Grab some food and network with other local investors. This is a great opportunity for new as well as seasoned investors from the DMV to network and build lasting relationships. People from all areas of Real Estate are encouraged to come regardless of experience level. Residential, Commercial, Househackers, Out of state investors, In-state investors, Wholesalers, Contractors, Flippers, Real Estate Agents/Brokers, Property Managers, Lenders, and Rental Property Owners.

Here is the link to the Facebook group which will also have all this info: https://www.facebook.com/group...

* There will be no product pitching (we are not here to sell you anything) at this meetup (but you are encouraged to bring deals and services your business can provide), it is simply an opportunity to provide value to investors and professionals looking for a network.

Keywords: Fairfax County, Prince William County, Alexandria County, Arlington County, Prince George county, Montgomery County, Loudoun county, Washington DC, Springfield, Alexandria, Fredericksburg, Quantico, Dumfries, Dale City, Manassas, Stafford, Lake Ridge, Fairfax, falls church, Centreville, Oxon hill, Maryland, Fort Washington, Hyattsville, Silver springs, Bethesda, Anacostia.

See you all soon!

@Daniel Amsalem @Fabian Friedrich @Peter Siler @Alex Petsopoulos @Frances Marquez @Sean Sullivan

Hi Everyone! Our next May meet-up is going to be at the Tyson’s Mall Food Court!

Remember we've switched to Wednesdays!

Grab some food and network with other local investors. This is a great opportunity for new as well as seasoned investors from the DMV to network and build lasting relationships. People from all areas of Real Estate are encouraged to come regardless of experience level. Residential, Commercial, Househackers, Out of state investors, In-state investors, Wholesalers, Contractors, Flippers, Real Estate Agents/Brokers, Property Managers, Lenders, and Rental Property Owners.

Here is the link to the Facebook group which will also have all this info: https://www.facebook.com/group...

* There will be no product pitching (we are not here to sell you anything) at this meetup (but you are encouraged to bring deals and services your business can provide), it is simply an opportunity to provide value to investors and professionals looking for a network.

Keywords: Fairfax County, Prince William County, Alexandria County, Arlington County, Prince George county, Montgomery County, Loudoun county, Washington DC, Springfield, Alexandria, Fredericksburg, Quantico, Dumfries, Dale City, Manassas, Stafford, Lake Ridge, Fairfax, falls church, Centreville, Oxon hill, Maryland, Fort Washington, Hyattsville, Silver springs, Bethesda, Anacostia.

See you all soon!

@Daniel Amsalem @Fabian Friedrich @Peter Siler @Alex Petsopoulos @Frances Marquez @Sean Sullivan

Depends on the amount of reserves you have and also how fast you'd like to scale. If you have more than 6 moths reserves after using the 90k in cash it might be a good idea to use them. You'll have the flexibility to move out any time you want and rent it out, mentally it'll be less stressful knowing you have total freedom and won't need to sell the property if you want to go for the next one in the near future.