All Forum Posts by: Russell Brazil
Russell Brazil has started 177 posts and replied 16824 times.
Post: 2304 Riverview Terrace Alexandria VA 22303. INCREDIBLE OPPURTUNITY
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| Highest and best offers due by Wednesday Sept 10th at 12 noon. Seller reserves the right to accept/reject any offer at any time. Property has building code violations that the buyer will need to correct. Savvy investors can create huge amounts of equity with little effort. Property has been used as a very successful rent by the room, and mid-term rental property. Buyers and their buyer agents responsible for all due diligence. Cash offers with no contingencies preferred. 2318 Riverview sold for $655k, 2313 Glendale sold for $700k! Unrepresented buyers can view the property Saturday the 6th from 11am-12 noon. Agents do not send your buyers to property at that time, it is for unrepresented buyers. Possible short sale situation depending on price. https://www.zillow.com/homedetails/2304-Riverview-Ter-Alexan...  |
Post: Duplex in Butcher's Hill, Baltimore City
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Quote from @Anna E. Dixon:
Hey guys,
I'm Anna, I've been lurking on bigger pockets for about 2 years and I'm under contract for a duplex in Butcher's Hill, Baltimore City. It's 2-unit townhouse, separately metered, larger unit currently occupied with a rent that will cover my mortgage. Not really looking to do anything other than dramatically lower my COL and escape the rent trap with this property.
I've been to the property and driven around the area countless times and it feels so much less congested than Canton and Fells Point. The property has a small parking pad for me but the parking in the area seems way more reliable than the more "desirable" neighborhoods.
For those that have been in the Baltimore Real Estate game for a while - I'm curious what your opinion on this area is as I've seen mixed reviews. Am I crazy for thinking this area can only go up in desirability being so close to Johns Hopkins Hospital and with the redevelopment projects around JHH going on? It seems that the drawback to this neighborhood is always that it's close in proximity to "bad" neighborhoods such as Middle East, but it's my understanding that Middle East will largely be redeveloped in the coming years. See CoDeMap below:
Wish me luck with inspections and thank you!
Butchers hill is the dividing line between desirable to the south, to some issues to the north. Its block by block there, so it really depends on the block. And of course it depends on the price your paying
Post: Federal Layoffs Effect? - 1,633 New Listings In D.C. Area Last Week
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Quote from @James Hamling:
Quote from @Ken M.:
Quote from @Ken M.:
Feb 21 2025
This is just a marker to see if Federal Layoffs actually affect the real estate in the D.C. Area
Redfin lists 1,463 New Listings In D.C. Area Last Week from Manassas Park to Bowie (why those points? Because that's what fits on my screen) ;-) There is no regard to type of listing and new construction is not included
Redfin lists 5,888 Total Listings In D.C. Area Last Week from Manassas Park to Bowie (why those points? Because that's what fits on my screen) ;-) There is no regard to type of listing and new construction is not included
And here is the price distribution
.
Aug 28 2025
Now the map is
Redfin lists 2,035 New Listings In D.C. Area Last Week from Manassas Park to Bowie (why those points? Because that's what fits on my screen) ;-) There is no regard to type of listing and new construction is not included
Now Redfin lists 10,548 Total Listings In D.C. Area Last Week from Manassas Park to Bowie (why those points? Because that's what fits on my screen) ;-) There is no regard to type of listing and new construction is not included
And here is the price distribution
Now, I'm not a mathematician, but I think the number of properties went up.
From 5,888 Total Listings to 10,548 Total Listings
or about 79.14 %
Maybe those federal layoffs have had an effect? Nah, couldn't be, must be the slowing rotation of the earth, climate change, co2 emissions or something. I don't think the full story has been written yet.
When D.C. is no longer the nations capitol, home to a rotating door of lobbyists, special interests, consulate adjacent things, that's when I will have some concerns.
Until then everything else is just a selling opportunity, a buying opportunity, or a leasing opportunity.
Let's not forget DC also has the infrastructure of the entire east coast pipelines of the internet, and thus giving them the 2nd largest tech sector workforce barely less than the Bay area. It also has the largest private sector legal sector. All the major. Major pharmaceutical companies, major hospitality companies all headquartered here.
Post: Second successful Redfin listing
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Post: Agent commission clarification needed
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The amount thats in the listing agreement and buyer agency agreement. No more, no less
Post: Real estate buyer’s agent commission
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Buyers agents have to have a written buyer agency agreement with their buyers. Commissions are no longer listed in the MLS.
That's it. There's nothing else substantive to the lawsuit settlement.
Post: Question: What to do about your main city?
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I prefer class B and higher. Id change my target city if it was all Class C or lower
Post: Lead sources as an Agent
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Biggerpockets
Post: Are Investors Backing Off, or Just Getting Pickier?
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We are at an inflection point in the market. Things might get better, or they might get worse. So with that, astute investors are just being a little more cautious.
Post: We believe we have someone smoking MJ in one of our properties
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The right approach is clear....ask them to share. Puff puff pass
