All Forum Posts by: Cesar S.

@Walter H. Bc I work for one of those companies and part of the tow hall meetings.

@Dennis Cosgrave this is a bit flawed because I can tell you when I was doing urban living I thought it'd be nice to have a suburban house with a big yard etc. And while that is nice to have the amount of work that goes into maintenance, whether you pay or do it yourself, is very time consuming. If you're working in NYC you don't have enough time to have a commute and take care of all things related to your house. Yes people will move for now but then they'll either come back or start complaining to their friends that it is a lot of work and the commute sucks. The only way your logic works if if companies exit out of their leases and leave altogether which is unlikely.

@John Collins a lot of wall st companies are itching to get employees back in the office. They may decrease their footprint but the impact will not be material. People want to live there and once the virus is behind us, possible middle of next year, things will go back to normal. Will there be a hiccup? Yes but it is temporary.

@James Kim I had a similar situation and wanted to keep the property (great appreciation) to pass it down. I did a 7/1 ARM @ 4% last year but I have to imagine the terms would be around 3-3.5% if you're willing to do an ARM now. After the refi I'm now cash flowing and I will reevaluate this again in 5 years, a couple of years prior to the rate changing. That's my plan and thought process so I hope that helps!

@Adam Zach I have a BS in Computer Engineer although I don't currently work in that field. Interesting thing to point out but I think it is because we like numbers and problem solving which works well with all investments, including real estate.

I used to live around that area.  There is a large Indian population there and everyone that works in NYC goes to Metropark via the Bus.  Good location overall.  Curious to know what potential do you see?  I know rentals do not cash flow and property values don't move up much.  

@Jay Hinrichs I won't take offense lol. I do it once a day though so $3 for me.

Does anyone know the rental base in West Alexandria 22304 area code? i.e. working class, etc. Looking to purchase there but not sure about the types of tenants in the area. Any input would be appreciated. Thank you

@Nichole M. Did you ever find a handyman? Looking for one myself so any recommendations would be appreciated. Thank you

Does anyone have any details on West Alexandria?  Near the Edsall Rd area.  How's the tenant base?   Is it a professional base?  Would appreciate feedback.  Thanks all.