All Forum Posts by: Elizabeth Nourse

Interesting-I've heard a few rumors myself in this vein, but nothing concrete.  I tried searching for Regulation O online and on the MAR site- and nothing there.  Let us know what you learn! 

Welcome @Dang Nguyen!  As an engineer, you'll have a bit of advantage evaluating the construction part of finding things... I've got another client that's a civil engineer and it helps him a lot, particularly with estimates and how to talk to GCs.  :) 

 Feel free to check out my profile and let me know if you ever want any help! 

Liz

Hi @Adam L.

Interesting comments here- there isn't always consensus on market conditions.  Personally,  I do think it is possible to find things a bit under market/ and build some equity in the areas you are looking at.... 

Please check out my profile and let me know if you're interested in chatting sometime. Most of my clients are similar to you and I'd be happy to walk you though how to approach this and get positioned to find something that will work from both a short-term and long-term point of view.  :)

Liz

@Doug W.

Thanks for raising this again. I do think it is needed. 

@Brandon Turner  Hopefully this demonstrates enough demand for the space! :) 

@Leon Henry

Good question.  Early in my career I worked as a market research analyst in real estate...  and specialized in analysis for multifamily projects. In general, most larger developers will want a mix of units, with two-bedrooms being roughly 50% or more of the development.  1BRs would be 20% and 3BRs were 10% or less (per square foot the 1BRs make the most sense, but they are a little harder to rent on the average and have higher turnover).  

I think with a community the size you're talking about, all 2BRs is fine!  They are the most popular type for a reason- they appeal to the widest array of possible tenants.  I'd rely on historical vacancy numbers to give you sense of what to expect, but overall, there are very, very few markets where a 2BR might have trouble.   Hope this helps!

I'm working with a client that is currently selling a property in Italy and is looking to purchase a new one. He's been offered a loan at 60% of LTV. Does anyone know if any lenders that might offer a higher LTV%? He'd ideally like to do 75% or 80% if it was available.

Thanks very much!
Liz

@Michael Showalter

Glad to be able to help.  When I worked in home building, we didn't offer anything like that but I can't speak for other builders.  It's not a bad idea.  Mostly though, just research the materials and finishes a bit online. Their design studio should be able to give you the specifics for them and you can read online reviews.  For example, Stanley Martin switched from GE to Maytag appliances while I was there- and Maytag wasn't as reliable.  I think they switched back not that long afterwards... so even reviews like that can help you decide what to upgrade. 
On a side note, I walked a K Hov house built two years ago in Loudoun on Saturday.  It was in great shape and looked very nice. The owners were very happy with it- but I should note that they put a LOT into it and upgraded everything. They didn't have any of the base finishes in the entire house I think.  

Good luck!

Liz

Oh that is nice of you @Steven Hamilton II-  I have a local CPA @Brandon Hall who is going to do it, I just needed to confirm it with him first!   But thank you for the offer- very nice of you! :) 

@Steve S.

I know a handful of nice (and smart!) guys that do JVs in D.C.  Feel free to send me a message with what you're looking for and I'll let you know if I have a good contact that might be interested.  

Hi @Account Closed And congrats! 

My brokerage, Customer Realty is super investor friendly. We're not close to you (we are located in Fairfax VA), but we are licensed in MD and I do hope to have an office there within a year or two.

1/2 of our agents are investors or specialize in this space, so it might work for you.  We are a 100% commission brokerage, no monthly fees- just $680 to close a transaction with a good customer survey.  If you are interested in learning more, just check out my profile and reach out.  I'm building an in-house sales team and need people in Baltimore!   :)

Liz