All Forum Posts by: Nicole Chheng

A bit overdue, but better late than never I suppose! I'm a new member of this community; I look forward to interacting with you all. I am a college student that wishes to delve in real estate (particularly rental residential properties) soon and I know I can learn a lot here and hopefully I can contribute something as well :) Cheers!

Hello! I was wondering how you would price properties that are in an area that has a long-term development plan. For example, the Tysons area in Virginia has had a development plan in place that includes new, modern residential buildings, office space, etc. that is set to be completed by 2040 and has already made much progress. With this in mind, are areas around these types of places already priced in for these expected developments? Thank you!

Thank you so much! Glad to be joining the community

Hello! I'm currently a 19 year old college student, but I was thinking about purchasing a property on Roofstock in the somewhat near future. I have a good amount of savings, and the summer internship I'm starting soon pays quite well. That being said, I'm unsure about how I would be able to finance my purchase. Assuming I'd be able to put down the 20%, do you think it's likely that I'd be able to secure a loan? As the properties already have tenants, does that affect the bank's decision? Any advice is appreciated.