All Forum Posts by: Chase Gu
Chase Gu has started 25 posts and replied 43 times.
Post: Memphis Invest - Chris Clothier
Chase GuPosted
- Investor
- Sterling, VA
- Posts 43
- Votes 3
"My PITI is $931, PM is $150. My raw monthly cash flow is 420 a month right where you said. If there are no problems with this 2 year lease then I will have $10,080 for future vacancy and repairs on top of that I already put aside 5k in its own account as a back up. At that point im still bringing in 420 a month and should be looking ok to stay in the positive for future years."
Hi, Bill. Thanks a lot for sharing your experience. I am a little confused by "raw monthly cash flow" of 420? How is different from the real cash flow of $195 you mentioned earlier? I am also looking into turnkey investment properties and I am interested in knowing the numbers (i.e. cash-on-cash and cap rate).
Thanks!
Post: Landlording in Washington, DC
Chase GuPosted
- Investor
- Sterling, VA
- Posts 43
- Votes 3
A different but related question: what is the cap rate you can expect from a rental property in DC? Like the 4 unit mentioned earlier? With the additional regulation, I guess investor would demand a higher cap rate than the neighboring MD or VA market?Thanks!
Hi, Mynor. I started real estate investing about three years ago and I focus on the Sterling area in Virginia. I understand your frustration as I also feel it is very difficult to find a good investment deal right now. The convention wisdom is that the monthly rent should be about 1% of the purchase price, which is extremely difficult, if at all possible, to achieve in Northern Virginia.
What is your investment strategy? Buy and hold rental property or flipping? Sounds like flipping to me since you work with a hard money lender, which is good for short-term bridge loan.