All Forum Posts by: Mark Sirianni

@Kristina Inglis I actually started my career in Woodbridge and have since then managed 70 or so properties down there.  If you have some specific questions or would like to bounce some ideas off someone I can help out.  Woodbridge is quite different from inside the beltway but there is some potential.  

@Bobby Celiko I'd be interested.  Im in Tysons Daily so could meet somewhere in the Fairfax area.

Hey guys I'm new to BP but have  been in Real Estate for almost 15 years.  There are properties that have cashflow in NOVA much closer to DC than Strasburg as long as you care putting 20% down.  There is always a trade off of cashflow vs. liquidity and most properties in NOVA can be sold in a few weeks.

DC/Nova is not an entry level market and you have to be VERY creative if you are working with limited cashflow.  Multi-Family here is not something you are going to get into with 50k.  There are opportunities for Multi-Family in Alexandria but you need to be in the market for 12-15 Units.

Feel free to email me if you have questions.  My email is in my profile. 

VA loan has to be a primary residence. Unless you are stationed near the home you want to purchase I don't think you will be able to use that program.

How much cashflow are you looking to make on one property.  A good way to start is figure out how much cash you have to invest and then divide it by 20% because that will tell you the price at which you need to begin looking.  Cash flow can be inconsistent for one single residential property.  So its also important to look for something that you can afford to carry the mortgage on if you had to for a few months.  Being that you are in Japan that ads additional difficulties.  There are some tools that you can use to help you collect rent etc. but the renting will be difficult you will need an agent most likely.  When do you plan on buying your first property? 

Hey Dylan,  where are you planning to invest?  DC is an expensive market to start in.  I live in the Suburbs and have worked this market for a long time.  Its important to determine what your goals are.  Buy/Hold is going to tie up your cash for a long period of time as to where flipping presents a fair amount of risk but offers a much faster return.  A good flip is very tough to find.  

Best advice I can give is either find a TRUSTWORTHY partner for your first deal with experience or use very experienced vendors (i.e. Agents, Lenders, Contractors).  This is the kind of business where you pay for your education through mistakes and over coming obstacles.  Good Luck.   

I would definitely use an escalation clause that way you don't lose out on the property.  good properties tend to draw multiple offers but also often times Agents get one contract that there clients don't want and then they use that offer to shop for additional offers.  Its always good to put an expiration on an offer as well.