All Forum Posts by: Sina S.
Sina S. has started 4 posts and replied 37 times.
Post: 6-Unit Investing Scenario (numbers included)
- Investor
- McLean, VA
- Posts 44
- Votes 10
Hi,
I'll preface by letting you know that I am new to CRE as well. The 2 things I don't see here are vacancy and management.
If you assume 8% vacancy and 8% prop management, your NOI is $30K, making it an 8 cap. You can possibly negotiate the price with this. How much does the seller owe on the property?
Hope that helps. Have a great day!
Post: Locking in the Deal Before Probate in DC
- Investor
- McLean, VA
- Posts 44
- Votes 10
@Carmen L. Why leave out the weasel clauses? Is it to build trust with the PR?
Post: Millionaire net worth by age 30?
- Investor
- McLean, VA
- Posts 44
- Votes 10
Originally posted by @Thomas S.:
Best recommendation is on the personal as opposed to investment side...
Do not get married. When you choose a "girl friend" select one with a high income job and a drive to increase wealth. Preferably one that views their employment as a job, exchange of time for money, rather than a career. You do not want a partner that allows their job to interfere with their life. Think of them as a potential business partner. Associate with like minded individuals, especially those with money.
Distance yourself from all your old friends that think money is earned to be spent.
My partner was initially very financially lazy. Over time I taught her all the important aspects of investing. The biggest driver was to say, how long do you want to wait until retirement?
This was a big one because, who doesn't want to retire as early as possible. This pushed her towards investments. Now I handle RE investments and she does forex. Works well. :)
Post: Is there a market for flippers in NOVA?
- Investor
- McLean, VA
- Posts 44
- Votes 10
The other question that you have to consider is how do you plan to manage the project? Long distance for a flip without anyone on the ground just sounds like a bad idea.
@Russell Brazil Do you see DC flips mainly as condo conversions or normal rehabs?
Post: Carpet or woodfloor for rentals?
- Investor
- McLean, VA
- Posts 44
- Votes 10
I'd recommend a good laminate. They tend to be more scratch and water resistant compared to hardwood.
But, in response to your question, Hardwood over carpet. I wouldn't do carpet in my own home!
Post: Northern VA Sale/Leaseback, 20yr Lease, 6.5% CR, 3% Annual Inc
- Investor
- McLean, VA
- Posts 44
- Votes 10
Hi Joe, Why does the seller want to sell the property?
Post: Owner of 22 apartments in the world's tallest building
- Investor
- McLean, VA
- Posts 44
- Votes 10
That's a very motivating story. Thanks!
Post: Rehab in Hagerstown Priced to Sell!
- Investor
- McLean, VA
- Posts 44
- Votes 10
Great for Experienced rehabbers and Newbies!
Off market wholesale opportunity! One side of a duplex for only $9,900! Major Investment Opportunity! This duplex has 2BR/1BA for only $9,900, Cash/Hard Money Only.
Tax assessed value of $62K/Comps between $40-60K
Average local rents are around $700/mo.
Duplex on West Church St in Hagerstown! 2 Story + Attic + Basement. Has copper plumbing, with updates to electrical, and new windows.
Originally purchased to do BRRR, but outside issues limited current owner's ability to finish the project. Owner is currently moving out personal belongings.
Likely needs water heater, furnace, roof repairs, window sills, flooring & drywall for repairs.
This property makes a great flip or rental property. Sold as is, where is. Showings by Appointment Only.
Call NOW -- 240-347-2BUY (240-347-2289).
This Deal Will Not Last. Call TODAY!
Post: Local REIA in the DMV (District, Maryland, Virginia)
- Investor
- McLean, VA
- Posts 44
- Votes 10
@Andrew Michael Can you PM me the details as well?
On Upwork, Do you hire someone full time or can you setup a per-call fee?