All Forum Posts by: Edward Wylie
Edward Wylie has started 4 posts and replied 11 times.
Post: FOR SALE: DC 4-Unit Multifamily – Assumable FHA 2.5% – Huge Equity Upside!
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Interested
Post: Searching For Other Dc Maryland And Virginia Investors
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Hey Zach,
Nice to meet you, I am also an agent in the DMV. My focus is supplying investors like yourself investment properties, we have about 20 deals available every month all over the DC, MD, and Northern VA area.
Would love to connect and see how we can work together!
Post: Has anyone house-hacked in DC area?
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Quote from @Robert Smith:
I am interested in possibly doing so. Possibly in capital hill area.
Hey Robert,
What exit strategy do you have in mind?
Post: Election Impact on REI
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Real Estate Investors:
There’s been a lot of discussion about how the upcoming election could impact our industry. I generally stay out of politics, but I’m interested in hearing investors' perspectives. How do you think the new administration will affect our sector?
Based on that, do you anticipate increasing or decreasing your investments?
Post: Question for Fix and Flippers and Hoarder Homes
- Real Estate Agent
- DC
- Posts 18
- Votes 5
I hear you man, that stuff’s terrifying. By the looks of this property, it looked like these needles were being used for medical purposes. Still, can never be too saFe.
How do you stay safe when entering these kinds of properties?
Post: Question for Fix and Flippers and Hoarder Homes
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Quote from @Jonathan Greene:
You should have masks with you at all times for environmental pollutants when looking at hoarder houses - animal feces, dead animals, asbestos, gas, etc.
As for protocol, hoarder houses are not an easy buy because if the resident is still there it's not a money issue, it's an emotional issue. Hoarders get attached to their belongings so not only do they not want to let go of all the stuff, they don't want to leave.
If it's an heir of a hoarder, the play is easy. You will clean it out, but for that, you need to get it at a lesser price, bargain basement because this place is dangerous.
Thanks for the information Johnathan, will definitely be keeping some N95s in my car going forward. To provide a bit more context, I am an agent showing distressed properties to investors looking to fix and flip. Want to feel more prepared the next time I step into a dangerous place like the one I saw today.
Post: Question for Fix and Flippers and Hoarder Homes
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Quote from @Nicholas L.:
can you be more specific? i've made offers on hoarder houses before and also cleaned up after tenants abandoned property.
the numbers either work, or they don't.
Hey Nicholas,
Happy to provide my context. I am an agent that sells fix and flip properties to investors. I was wondering what kind of measures you take to stay unharmed when entering these kinds of houses.
Post: Question for Fix and Flippers and Hoarder Homes
- Real Estate Agent
- DC
- Posts 18
- Votes 5
I visited my first hoarder house today that reeked of rodents, mold, and fumigation residue. I also noticed hypodermic needles on a desk along with an immense amount of garbage spread throughout the house.
My question for investors: What is your protocol when entering one of these properties?
Post: RE Agent - Building Investor Network
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Noted, thank you for your feedback Caleb.
Post: RE Agent - Building Investor Network
- Real Estate Agent
- DC
- Posts 18
- Votes 5
Hello Agents,
I am reaching out to get advice on how you built your network. I have looked up building companies in the area, joined Facebook groups, posted on Linked In, searching the MLS, and have a networking event coming up.
Do you have any other recommendations on how to find active real estate investors?