All Forum Posts by: Cassidy Burns

My thoughts are the same as Russel's, the DMV is a place for long term wealth and security.  You're children/grandchildren will be forever grateful for you purchasing in great areas in the DMV that will always drive traffic/rent.  

Cash flow, no, not impossible, but very difficult.  But in terms of long term holds, especially with the addition of HQ2, it will be great.  

Hi @Noah Fele, welcome to BP!

I must ask, why did you decide on the 150k price point?  Is this because you have the 25% saved up for that price point?  Or do you intend on buying in cash for $150k?  Everyones strategy is a little different so its always nice to have some of those details before advising. 

Good luck!

@Lincoln Tudor this seems more along the lines of working with a title company first to get the documentation correct and then you can worry about the financing!  Good luck!

@Jared G., I have 2 points: 

1.) Yes the cryptic messages from your realtor are strange, maybe do a little more background checking on her before you move forward.

2.) Take pride in your investing, because in the end, the realtor is going to do some of the work for you, but in 20-30 years that property/rental is going to be in your portfolio.  So like many have said on this thread, educate yourself, and then when you have good specific questions ask the realtor for their best possible advice, and then EDUCATE YOURSELF MORE!  IF you want to scale this business you ultimately have to bet and invest in yourself and that begins with the education piece!

Good luck! 

The condo market has definitely slowed in Washington DC and the Brentwood area isn't a sought after location for condo buyers, BUT, it's priced well and should sell.  I do believe that taking $2,000 and $3,000 price drop increments is a waste of time and days on market as well.  I always suggest 7% minimum, ideally 10% if you want to move quickly and keep buyers circulating through the listing.  

Welcome to BP! @Rita Casco

Hey @Jaysen Medhurst, thank you and I 100% agree and understand that.  So you are saying, if no counter you are offering your best and final immediately to maintain reputation.

Hi BP,

I have friends that are relocating to Kingsport, TN and are looking for an investor friendly real estate agent.  He is looking to purchase Duplex- Quadplex as Primary Residence.  

Please send me a direct message!

Hi BP,

I wanted to see what other flippers/ developers thoughts were on this topic.

When does it become OVER NEGOTIATING? I find myself when making offers, obviously wanting the bottom bottom line price, for good reason.

BUT, when does the potential of losing the deal over a few thousand dollars become not worth it? The deal works at the particular # but I am still extending, trying to get the lowest price.

I currently have my criteria set at 30% margin, which works great for my area. But am trying to scale up the volume that I am doing on an annual basis for 2019.

Would love to hear others thoughts on this !

Thanks for the help everyone!  I'll be in Baltimore this Friday taking a look at a few places and exploring the market.