All Forum Posts by: Frances Marquez

Hey y'all!

I'm currently house hacking in Woodbridge, but I'm looking into moving out soon so I can cash flow on this property. I live in the basement with a den (due to not having windows; decent size bedroom) and a full bath. It's essentially a studio/apt since it has a washer/dryer (shared with other tenants), living room space, and a separate entrance in the basement. I'm planning on either posting it on Furnished Finder as a MTR or find a long-term tenant. 

I can't seem to find a definite answer on this - What are the rules in renting out a den in Virginia, specifically in Prince William County?

Thank you for any feedback/resource. 

@Stephanie P. I have noticed that the Baltimore market is increasing. I’d definitely look into that. Do you have properties there?

@Jordan Harrison Where is that duplex located? I’d like to hear more about your experience.

Hi @David Fernandez thanks for sharing those facts.

Yes, I’m currently working on my credit, but definitely interested in talking with a lender to see my options.

Hey @Cassidy Burns thanks for answering my questions. I'm glad to be part of this BP Community. Are you licensed in VA?

Hi @Cassidy Burns thanks for the thorough response.

It sounds like FHA model isn't the practical in this area to house hack. What other options are there for payment structure? Conventional loan?

Is that income only by one person? What if I partner up with other people to invest in a duplex in DC?

That strategy seemed to be the best in the area. I’d like to learn more about your experience - 3 bed/bath condo vs 3-4 bedroom townhomes. Which resource should I look into the most for these properties?

@Samuel Choi Following this post as I am new to REI. Do you have any updates on this? Looking forward to learning from y'all!

@Peter Siler I’d be interested in learning more about your house hack in Manassas.

Thank you @Russell Brazil for sharing your thoughts.

With that in mind, what are other ways to house hack in the DMV area?

@Bianca Nunes Hi, do you have any updates on this? I’m new to RE investing. I currently live in Alexandria, but looking to buy a MF property or house hack in DMV area. I’ve noticed there’s not a lot of MF properties here.