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All Forum Posts by: Cassidy Burns

Cassidy Burns has started 216 posts and replied 732 times.

Post: DMV Monthly Investor Meet Up - Fix and Flips

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Join us at tour April Real Estate Investor Meet Up. We have developer and flipper Chris Clark with Summit Homes discussing fix and flips in the Washington DC Area.  Chris has performed 50+ gut renovation projects in Washington DC averaging a price point of $1,200,000-$1,500,000

Join us! 

Register Here:

https://docs.google.com/forms/...

Post: Washington DC, Northern VA Networking Meet Up - April

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

WE look forward to seeing everyone there ! 

Post: Washington DC, Northern VA Networking Meet Up - April

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Hi All,

Our next meet up will be held Wednesday April 5th at 6pm-7:30pm in Alexandria, VA.

Port City Brewing Company .  

We've had growing attendance each month and are almost outgrowing the space, so please RSVP! 

This month we will have a developer / fix and flipper, Chris Clark with Summit Homes discuss locating off market properties, margins, and evaluating fix and flip properties.

We hope to see you there! 

Post: DMV Monthly Investor Meet Up - Commercial Debt

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Hey Everyone,

We hope to see you at our next real estate investor meet up, tomorrow @6:00pm in Alexandria, VA. Networking and a great guest speaker on commercial lending and debt.

Register Here: https://docs.google.com/forms/... 

Post: Nice to meet you all!

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Hey Brett, the last 6 have been at Port City. We did 2 at projects to allow investors to walk through active construction projects as well. 

Post: Rent to own VS buying

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

I always suggest to first time investors in the DMV area. Use a Conventional loan on a condo (Washington DC) or townhouse (Reston, Leesburg, Sterling).  Buy a 2-3 Bedroom up to $600,000 (if you can qualify).  This will require $18,000 down payment. 

LIve in one room, and rent the others. Live there for 2 years, repeat using 5% down conventional or 3.5% FHA.

Good luck!

Post: Nice to meet you all!

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Welcome ! We host investor meet ups weekly in Alexandria, Va.  Our next one is February 15th at 6:30pm.  Hope to se you there, Port City Brewing !

Post: Are STR Recession proof

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Location is recession proof. 

Post: Who is having success on their BRRRR portfolio in DC?

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

I think the BRRRR strategy is best used in the primary residence space.

Buy a single family house with 3-5% down (conventional or FHA) that needs some cosmetic improvements but already has a 4 bedroom/ 2 bathroom layout.

Paint, new kitchen, bathroom updates, and add a 1/2 bath on the main level. 

 (~$75,000)

LIve there for 1-3 years, open up a LOC on the property, and then move out.

I don't have an acronym for this yet, but it's very similar to BRRRR but instead a longer time horizon and utilizing a HELOC instead of Refinance.

Post: January DMV Real Estate Investor Meet UP - BRRRR

Cassidy Burns
Posted
  • Investor
  • Washington, DC
  • Posts 784
  • Votes 436

Join us this month at our DMV Real Estate Investor Meet UP

January 25th 

6:30-8pm

Port City Brewing 

Alexandria, VA

I'll be going through BRRRR (Buy, Rehab, Rent, Refinance, Repeat)

We'd love to have you join us and 30+ like minded real estate investors in the Washington DC, Arlington, Alexandria, Northern VA areas.

Register Here: 

https://docs.google.com/forms/...