All Forum Posts by: Philip E.
Philip E. has started 3 posts and replied 67 times.
Post: Any Wholesale Deals in DMV??
- Investor
- Washington, DC
- Posts 67
- Votes 12
Looking for quality wholesale deals for fix/flip projects in the Washington, D.C. (DMV) metro area. We're able to close fast! Our target areas include a three mile radius surrounding zip codes 20020, and 20716. Purchase price $200k or less. Will entertain other areas if deals make sense.
Please send emails to [email protected].
Cheers,
Philip
Post: Newbie in Phoenix, AZ
- Investor
- Washington, DC
- Posts 67
- Votes 12
Welcome to BP Randy! This site will definitely equip you to pull the trigger to start investing! Glad to have you guys!
Post: Real Life of a Real Estate Investor
- Investor
- Washington, DC
- Posts 67
- Votes 12
Great advice on the "Lesson of the Week..." Thanks for sharing!
Post: Hi Everyone - NYC & Washington DC
- Investor
- Washington, DC
- Posts 67
- Votes 12
Welcome to BP!
Post: Introduction
- Investor
- Washington, DC
- Posts 67
- Votes 12
Welcome to BP! I am sure you're do well!
Post: Does anyone know of a hard money lender in the Washington, DC area ?
- Investor
- Washington, DC
- Posts 67
- Votes 12
Originally posted by @Deirdre Brown:
I know a lender that lends up to 100% of purchase price, up to 100% of renovation costs with rehab draws paid upfront as opposed to in arrears. PM me for their contact info.
...That's pretty rare from my experience. Deirdre - Is it ok to PM you for the contact information as well?
Post: Seller Financing in Northern VA
- Investor
- Washington, DC
- Posts 67
- Votes 12
Justin - Thanks for the response! I can definitely relate to the large landlord repairs. We've also had our fair share of behavioral tenants.
Jesse - Interesting data. My deal analysis has resulted in similar outcomes when considering down payment amounts with traditional bank financing.
Post: New Wholesaler/Buy & Hold Investor in Westchester, New York Area
- Investor
- Washington, DC
- Posts 67
- Votes 12
Originally posted by @Arturo Henriquez:
Hello All:
Just wanted to stop in and introduce myself. I am currently a landlord of a single unit in Westchester NY who is working towards launching into Wholesaling. Been doing tons of research and education in the background for the past 6-8 months and figured it was time to come out and say hello.
Looking forward to some great interactions and long and successful career as a Real Estate Investor/Entrepreneur.
Hi Arturo! Welcome to BP! I'm sure you'll do well!
Post: Real Estate Novice.....Baltimore, MD. Where do I began?
- Investor
- Washington, DC
- Posts 67
- Votes 12
Originally posted by @Sherrie Brown:
I have NO EXPERIENCE in real estate investing, but am ready to take my first step. I want to start with a multi-unit property in the DMV (DC, MD, VA) area. What are some things I should first consider? Funding? Credit? Location? Agent?
Hi Sherrie! Welcome to BP!
Post: Seller Financing in Northern VA
- Investor
- Washington, DC
- Posts 67
- Votes 12
Originally posted by @Justin Pierce:
Seller financing is hard to get in VA. If you do find one it's extremely hard to cash flow since the home price to rental ratio's are so far apart on the Virginia Side of the D.C. area. I bought a seller financed home in Triangle area about 12 years ago but it was a problem property and I sold it a couple years later.
Hi Justin - I'm just curious; Why was the property a "problem property" (tenant behavior, financing, etc)?? I have considered asking for seller financing on a recent listing prior to finding out it was a bank owned REO. :-/