All Forum Posts by: Kiara Colon

Any connections for those investing in D neighborhoods in Southeast area such as congress heights. Are there any groups or property managers. I am interested in meeting others who are in this area.

SE DC is a little bit of a niche market in DC and the DMV as a whole. We should talk though. I'm doing business there all the time.

Let me know if you're open to making more connections. There are definitely ways to make money in SE, and i'm actively trying to pursue new opportunities.

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Washington, DC

Investment Info:

Small multi-family (2-4 units) buy & hold investment in North Little Rock.

Purchase price: $810,000
Cash invested: $20,000

4-unit complex, purchased with VA loan, owner operated and maanged.

What made you interested in investing in this type of deal?

Getting into small multifamily investments to one day become an owner of commercial property.

How did you find this deal and how did you negotiate it?

I found it through CREXI, and didn’t negotiate much since my realtor did the negotiations for me

How did you finance this deal?

VA Loan

How did you add value to the deal?

Cash investments; repainting, refinishing floors, upgrading appliances to stainless steel.

What was the outcome?

Happier tenants and increased rents for more income.

Lessons learned? Challenges?

Finance the rehab costs

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Residential Mortgage Company (RMC), DC.

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All Forum Posts by: Kiara Colon

Kiara Colon has started 10 posts and replied 32 times.

Post: Investors in Southeast area

Post: Small multifamily unit in DC

Kiara Colon has started 10 posts and replied 32 times.

Rounded Star Post: Investors in Southeast area

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Post: Investors in Southeast area

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