All Forum Posts by: Julian Sage

Finding regulations can't be either really easy or challenging just because not everything is always so plainly laid out on google and sometimes requires a little digging or asking around.

Regulations can change and you can get a better feeling by looking for news articles or press talking about potential changes as well as going into local Airbnb FB groups.

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@Brandon L. Why do you say forget investing calculations and get the biggest place I can afford?

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Originally posted by @Michael Needle:

One thought, and it's just my opinion, I don't see Falls Church as the best play off Amazon. Most of the Falls Church is not very metro accessible, which would be the best way to play the market (Amazon HQ also is not on the orange line). There is one condo development across from the West Falls Church Metro station that I can think of, not sure what current prices are. I don't know the area very well so take this with a grain of salt, but perhaps something in Alexandria on the yellow line would be relatively close to your price point and be a decent way off the Amazon news (again I don't follow the Alexandria market).

Thank you will look into places by the metro line that would take them to HQ2!

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Long term goal: Rental income

Short term goal: Scaling up sources of rentals using the VA loan

We wouldn't house hack if we bought in MD as the places we would consider buying are condos in complex we live in. I'd be able to save $800 of my tax free housing allowance.

If we bought in Virginia house hacking would be preferred as we wouldn't be able to save as much of our housing allowance.

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Originally posted by @Russell Brazil:

Theres no such thing as a good deal. There are the prices and the rents that the market bare, which are a reflection of the underlying risk of the asset. An asset in the area that is $150k that rents for $1500 is a higher risk asset than the $400k property that rents for $2500.

Thank you Russel for the clarification and shift of mindset. Will use going forward.

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Originally posted by @Michael L Sakey:

@Julian Miyata

It all depends on your goals and expectations.

The single family a little bit off of where you want to live... will it be more valuable to you in 2 years either as a rental or a sale ? Or will the condo flip be more valuable to you in two years?

What matters is what your expectations are. If staying close to where you want to be is most important than go the condo route.

Have you ran the #’s on either option with future values ... etc ?

Either way , it sounds like you are determined and will do well. Just define your investment parameters and expectations before moving forward.

Long term goals would be having positive rental income but that would also mean tying up a lot of debt to income in one home. Just looking at the return on rent to the price currently doesnt make a lot of sense to buy. I feel I would be buying in Hope's of appreciation due to Hq2 moving in. Let's say they dont move in though for some reason, then I have a home that just barely covers the mortgage and have a lot of debt tied as well.

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Hello BP community,

Am stationed in DC and have been prequalled for 400k with the VA loan. Currently am living in Oxon Hill Md and am renting a 2/2 for 1500. 1700 w/ utilities.

We wanted to house hack but there are no homes currently available for renting the basement. My realtor is saying we should buy in the Falls church area because of appreciation due to Amazon HQ2.

The homes are 350-400k and currently rent for 2300-2500. Doesnt seem that good of a deal to me..

Should I buy a cheap place for 150k over in MD by the bridge as I can also rent in the future for 1500-1700? Or should I buy off LOCATION?

I have 15k cash and am AD military so my housing allowance is 2300.

Perfect world for wife and I would be house hacking a townhouse close by the Falls church area.

Thank you,

Very respectfully,

Julian

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All Forum Posts by: Julian Sage

Julian Sage has started 1 posts and replied 99 times.

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