All Forum Posts by: Dan Bernstein

@Jack Nguyen, on the very low end $150 per sqft, but I would budget for $200 per sqft, which would put you at around $400,000.00 for a 2,000 sqft home.

@Richard Dale-Mesaros Very rare that a buyer's agent would make their client "make up the difference" on a commission if its below 3% here in the DC Metro.  Is that common up by you?

@Terri Parrilla, PM me with more details and I would be happy to refer you.

@Maria D'Aura Prosperworks.

@Tim Mensch If the property has been identified, just have a real estate attorney draft up the offer. Your initial issue might be in value assessment of the property. CoStar, the commercial MLS, has very advanced analytics and data that helps agents/brokers value different property types. Most commercial listings will not be posted on the MLS, at least they aren't in my area. I would think about partnering up with a commercial broker who has CoStar and experience in the property type.

We do commercial in the DC area, so feel free to reach out with any questions.

@Matthew Young, Welcome to BP!  

Perfect first investment opportunity in Trinidad DC!  Comparable renovated properties selling in the mid $500K range.  Renovated units renting for $1500 a month.

Top floor unit is vacant! Live in one unit and make instant income from the other. Duplex property with close proximity to the H St. Corridor. Each unit has 1BR and 1BA, separate entrances and utilities. Parking included. Perfect for an investor that wants to add to their portfolio! Repairs made in June, including front door replacement.

Please contact Dan for more information.  

[email protected]

703-957-9310

Click for full listing

@Russell Brazil I agree., it is extremely competitive. 

We see a lot of people buying into neighborhoods like Trinidad, renovating the units and increasing the rent...in some cases, doubling the rent.

@Joseph A. Samuels II This is a great way to start investing in real estate.  When you write an offer on a property, make sure it is assignable, so you can create an LCC or the like before closing.  Makes it easier to structure ownership of the asset.  If you haven't already done so, you might want to talk to a  CPA and/or Lawyer before going into the partnership.  Happy to refer you someone.  I just PM'd you.

@Joe S.  Its pretty rare that a listing agent would not be able to disclose other offers.  In most listing agreements, there is a clause that either allows or prevents agents from disclosing multiple offers.  Just ask your agent whether the listing agent was communicating.  You would be shocked at how some agents refuse to return calls or communicate during negotiations.