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All Forum Posts by: John Logue

John Logue has started 3 posts and replied 26 times.

Post: Virginia Landlord required to accept Section 8?

John LoguePosted
  • Investor
  • Fairfax Station, VA
  • Posts 26
  • Votes 28

@Aly L That's an interesting strategy. Doesn't it figure that I have been putting a lot of effort into making my ads stand out! Didn't figure there would be any consequences....

Post: Virginia Landlord required to accept Section 8?

John LoguePosted
  • Investor
  • Fairfax Station, VA
  • Posts 26
  • Votes 28

Thanks Sean, I really appreciate the input!

Post: Virginia Landlord required to accept Section 8?

John LoguePosted
  • Investor
  • Fairfax Station, VA
  • Posts 26
  • Votes 28

I currently have a townhouse advertised for rent in Northern Virginia, and just received a message through Craigslist asking "Do you accept Section 8?"

From my understanding, The federal Section 8 law is voluntary for landlords, unless state law requires "non-discrimination" against Section 8 participants.

Does anyone know the Virginia law?

Post: Multiple LLC's, Do you have multiple business Credit Cards?

John LoguePosted
  • Investor
  • Fairfax Station, VA
  • Posts 26
  • Votes 28

I have separate bank accounts and credit cards for each LLC. My lawyer told me something that has always stuck with me. "In the future, when you are defending a lawsuit against your LLC, the courts will treat the LLC as a separate entity as seriously as you did"

It makes decisions like this easier for me!

Post: New member from Northern Virginia

John LoguePosted
  • Investor
  • Fairfax Station, VA
  • Posts 26
  • Votes 28
Originally posted by @Christine Oliphant:
Welcome @John Logue

I'm just down the road from you! It sounds like you must have been at this for awhile now if you're about to quit your job to do this full time. That's very exciting, congrats to you!

Do you only buy and hold or do you dabble into any other types of real estate investing?

Christine, So far I have only done simple SFR purchases, with a fair amount of rehab required before renting. I am open to other kinds of real estate investing, and am currently considering financing a flip in DC for a friend. I think I would also like to get involved with a commercial deal some day.

Post: New member from Northern Virginia

John LoguePosted
  • Investor
  • Fairfax Station, VA
  • Posts 26
  • Votes 28

Hello everyone! I have been a fan of Bigger Pockets for several months, and finally decided to "jump in". I am a buy & hold investor, "hands on" property manager, in the process of quitting my day job to do this full time. I have already learned a great deal from your experiences, and hope to share some of mine in the future.