All Forum Posts by: John Paul Whaley

Excuse me if I am late to the party, but has anyone else been on niche.com in order to analyze which neighborhoods would be best to invest in? It is likely more useful for long distance investors than it is for those investing in their own back yards, but a useful tool nonetheless.

Is there anyone who can attest to the accuracy of its ratings? In my area they seem to be fairly accurate, but I have only tested it on the DC Metro Area.

Appreciate any input!

The more people I ask, the more I hear that DC is essentially a recession proof investment for buy and hold investors. The most common theme I see in regards to the recession-proofing topic is that your first priority should be cash flow. Even if your margins are whittled away during a recession, breaking even is better than losing money every month. 

Unfortunately, DC isn’t the easiest place to get started. I have considered long distance investing and dipping into the Baltimore market. Although I am close to Baltimore as well, that is an entirely different market that is more volatile (in terms of recession) than DC. 

I appreciate the advice everyone. I will keep you updated. 

Ashley,  I just listened to your episode the other day and really enjoyed it. Thanks for taking the time to speak on the podcast. You make me want to dip into the Detroit market.

Thanks everyone! I hear DC is not the worst place to invest when you have worries about a pending recession, I was just curious about areas all over the states. 

I am a new investor in the DC area trying to get my investing career started with a rental property (or perhaps a BRRRR). Whether you are a seasoned or newbie investor, I'm sure that a potential recession is at very least in the back of your mind when looking for your next acquisition.

My question is two fold:

1. What happens to rents during a recession? It would make sense that as homeownership numbers fall, the demand for rental properties would increase. However, wouldn’t it also make sense to say that as unemployment rises in a recession, supply of rentals also increases (which would even out the increased rental demand)?

2. What are some of the most effective ways to recession-proof an investment property?

Hello! I am a new investor from the Washington DC area looking to build my Core 4 in Charlotte in preparation for my first long distance investment. If anyone has any suggestions for Lenders, PMs, Agents or Contractors in Charlotte with experience working with investors, please let me know!

If there are any investors in that area who would like to meet up and discuss the Charlotte market, please let me know. Let’s get together for dinner, coffee or a beer!

Thanks BP members!

@Ben Wilkins sorry for getting back to you so late.

The expenses would have been higher than I estimated. On top of that, I’ve been underestimating the power of value-add opportunities. I’ve been narrowing my focus on under-valued properties in the same area.

I am looking for a mentor in the DC area. I hope to begin investing for cash flow through rental properties (long term or short term), and am looking for a mentor any way I can get one.

I cannot provide money or expertise, but I am willing to contribute man hours, grunt work or sweat equity. Whatever a current or former investor might need me for.

I have not done a deal yet, but I have a few hundred hours of learning under my belt, including:

- Several real estate and general investing books.

- Countless hours listening to the BP Podcast and examining the BP forums.

- A brief stint assisting in the management of vacation rental properties in Sedona, AZ.

- Experience working as an insurance underwriter for large construction projects.

Please let me know if you or anyone you know could use my help. I could also do the Baltimore area if that is where I am needed.

Thanks!

Just shot you a direct message. Thanks for getting back to me!

Thank you for your help on this @Alexander Felice

Helped me break down the deal to discover that the numbers were not as healthy as I originally thought.